Singapore  Singapore

Sell a Business

Listing ID: 3487 Last Refreshed: 26/05/2019 Total Views: 5269

Looking For Investor for Profitable 24hr Laundry outlets

Singapore

Asking Price: S$120,000
Looking For Investor for Profitable 24hr Laundry outlets
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue S$200K - 500K Cash Flow S$10K - 20K
  • Gross Profit S$200K - 500K Net Profit N/A
  • Stock N/A Liability S$0
  • Payable N/A Receivable N/A
  • FFE N/A Established 2013
  • Owner Role Investor Staff 1
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Sern-Ee Leang

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

24 hours
Business Hour
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

Rent
Premise Status
3 years renewable
Lease Term
Various locations in Singapore
Premises Details

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