Laundry Business In The East For Sale

Retail laundry business for sale in the east as owner is focused on other commitments and has been unable to devote full attention to business. Easy to run business suitable for first time business owners.


Location:

Located in premium neighbour with numerous condominium developments and bungalows, supported by HBD.

Good high traffic location within the mall, near anchor tenant.


Operations:

Drop-off and collection point with actual washing handled by business partner, making operations simple and easy to manage

Proprietary SOP, training and on-going support will be provided

Existing employees in place and can be transferred to the new owner if desired

Business started ~1 year ago and has built up significant goodwill among regular customers


Financials:

Revenue increasing monthly (6-12k); potential to grow further with dedicated effort

After deducting washing cost and rental, the business breaks even with increasing profitability

Accounts easy to manage as there is only one fixed cost


Owner letting go due to other pre-existing commitment resulting in inability to properly focus on this business.

Takeover fee includes all fixtures (renovation, counter-top, tables, racks, telephone, stationary etc.) necessary for ongoing operation. Payment terms can be negotiated.