SingaporeOverview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
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
3 x FOSCAM
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.
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