Listing Id: 3487
Total Views: 6163
(Sold) Looking For Investor for Profitable 24hr Laundry outlets
Singapore
Date Closed: 29/12/2016
Asking Price: S$120,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
S$200K - 500K
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Liability
S$0
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Gross Profit
S$200K - 500K
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Net Profit
N/A
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Investor
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Staff
1
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Established
2013
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Source
Direct Seller
Reason For Sale
looking for investor who wants passive income with good returns of 10% or more
Description
Seeking funding to fully acquire outlets with good profits for the coin laundry business. Investor will get significantly higher return of 10% p.a., with potential returns of up to 15% after 3 years.
Suitable for genuine investors who are looking for passive income and have excess cash of SGD 120K - 360K (in multiples of S$ 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 Operation
Washers & Dryers
Facilities
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.
Competition
Set up more outlets and offer more services (laundry collection and delivery services; on-demand laundry services through mobile App)
Expansion Potential
Property Information
3 years renewable
Lease Term
Various locations in Singapore
Premises Details
Singapore