Singapore  Singapore

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Listing Id: 21417 Last Refreshed: 08/02/2021 Total Views: 578

(Expired)Self Service Laundromat Coin Laundry For Sale

TampinesServices
Asking Price: S$200,000
Business For Takeover
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Overview

  • Premise Type N/A
  • Premise Size
  • Monthly Rental S$4,200
  • Rental Desposit S$10,500
  • Revenue S$10,000
  • Liability N/A
  • Gross Profit N/A
  • Net Profit S$4,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Description

Located in prime neighbourhood area in Blk 201E Tampines St.23. Surrounded by eateries, supermarkets and shops.We are the only laundromat in the area which enjoys monopoly.Steady and stable flow of regulars. Loyalty card system in placed.P&L can be shown upon request.
6 washers, 6 dryers. We have been in operation since 2014. Current rental is $4200. We started with 5 washers, 4 dryers. Expanded in 2016.Super nice landlord. Our rent in 2014 was $4100.Rental is not cheap but location is the most important for laundromat. Machines are not new but can still go a long way as they are commercial machines which are built to last. Otherwise you can opt to set up a new shop with new machines, wait til nobody use and the machines can remain new forever.
Reluctant sale due to committments in other business.
Price is non negotiable. $200k all in including security deposit. Thank you.

Property Information

Rent
Premise Status
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