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Listing ID: 1843 Total Viewed: 3467

Two Established Laundromats For Sale

Hougang, Singapore

Asking Price : SGD100K - 200K

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2013

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason To Sell
Disagreement between partners
Business Description

Established laundromats for sale. Laundromat equipments can be sold seperately as well.

6 x industrial standard washers

4 x double stacked gas dryers

2 x coin changers

2 x CCTV


Established customer base, new owners do not need to wait out for 3-4 months to establish customer base. The 3-4 months wait-out period is usually loss making for new start-ups.

Great location in a centralized market area with 24hour coffee shop, Sheng Shiong, hawker center, 7-11, wet market and various businesses.

Cheap rental, only $1,900 & $2,200, 3year lease ending in 2016 so rental will remain at this price for the following year.

Good for passive income as laundromats do not require extensive manpower. Already established cleaners for daily maintenance. Owners will only need to visit the laundromat once a week to collect sales. Owner will be able to view laundromat using internet CCTV and motion detector cameras that send emails to owner.

Low operating expenses, only 20-25% of sales.

Business can be improved with further marketing such as internet marketing, social network and promotions.

We will provide operating procedures to new owners and also train the new owners for 1mth before full handover.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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