Businesses For Sale in SingaporeSingapore

Listing ID: 3487
Total Viewed: 4156
Last Refreshed: 19/09/2018

Looking For Investor for Profitable 24hr Laundry outlets (Sold)

Singapore

Asking Price : SGD120,000

Revenue: SGD200K - 500K

Cash Flow: SGD10K - 20K

Payable: Not Disclosed

Established: 2013

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: Not Disclosed

Liability: SGD0***

FFE: Not Disclosed

Staff: 4

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

***NOT included in asking price

Reason To Sell
looking for investor who wants passive income with good returns of 10% or more
Business Description

Seeking funding to fully acquire outlets with good profits for the coin laundry business. Investor will get significantly higher return of 10% p.a., with potential returns of up to 15% after 3 years.

Suitable for genuine investors who are looking for passive income and have excess cash of SGD 120K - 360K (in multiples of S$ 120K).

Investor does not need to be involved in the day to day operation as there will be cleaners and business partners taking care of store cleanliness, machine maintainence, attending to customers' queries, collection of coins and regular top-up of coin changers. 

Proposed business model (open to discussion with investor): issue of company preference shares with fixed dividend.  See following link for info on preference shares:

http://www.investopedia.com/ask/answers/040915/what-are-advantages-and-disadvantages-preference-shares.asp


Note: This is not a franchise. No time wasters; no brokers please.

 

 

Business Operations
Business Hour:
24 hours
Staff:
1 Local, 3 Part Time
Property Information
Premise Status:
Rent
Lease Term:
3 years renewable
Premises Detai:
Various locations in Singapore
Other Information
Facilities:
Washers & Dryers
Competition:
There is always competition. Key factors affecting revenue and profit include store location, marketing effort, store cleanliness, customers' response time and service, durability and effectiveness of machines, as well as the quality of detergent/softeners used. With consistent effort in the above, profit is expected to grow yearly.
Expansion Potential:
Set up more outlets and offer more services (laundry collection and delivery services; on-demand laundry services through mobile App)

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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