Industrial and Commercial Laundry in a Central Business DistrictListing: #AL00068
About this Business for sale in MakatiIndustrial and Commercial Laundry in a Central Business District
Fully operational and earning Industrial and Commercial laundry business. Machines are USA brand. Complete with water tanks, pumping and water heating system (Denmark and USA brand). With Provision for expansion/addition of machines without compromising the water system pressure (essential to make machines efficiently working). With existing contracts with commercial clients, hence business is stable.
Service Revenue for the period June 26, 2017 to December 31, 2018 is ₱2,602,707.00. Average monthly Service Revenue is ₱144,594.85. Total amount of Laundry equipment, Leasehold improvements, Transportation equipment and miscellaneous assets is ₱3,776,148.00.
Currently with 2 existing clients with 1 on-hold client under contract. One potential large client is possible but requiring seller to invest in flatworks iron before entering into contract. Another source of income are the walk-in clients from nearby condos.
Currently operating hours is from 8am to 9pm. Total Usage Capacity – 1,344kg. - 100%; Current usage capacity – 728kg. - 54%; Idle Capacity – 616kg. - 46%.
Reason for selling: Family migrating to Australia. Interested in acquiring a currently operating business? Call at 09279492217.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.