Profitable Full Service Laundry REPRICED!!Listing: #OR00188
About this Business for sale in LagunaProfitable Full Service Laundry REPRICED!!
Profitable!! The numbers say so… it’s hard to miss!!
This full-service laundry shop has been serving the community for more than ten-years. It is well managed that through the years it has continued to grow. It is patronized by its loyal customer base, a community in Santa Rosa, Laguna with over 10,000 households and longtime institutional clientele that include hotels from nearby towns. They cater to both walk-ins and pick-up/delivery arrangements to the delight of their patrons. It has been deliberate in their strategies as they withered challenges brought about by competition from nearby shops and by technology as self-service shops sprouted like mushrooms. They have resisted to become “one of them” and instead be No. 1 among them.
The laundry shop maintains three facilities -- a storefront where they receive walk-in customers, a back-office operation where they do the laundry, and a staff house where stay-in employees are lodged. They maintain washers, heavy-duty dryers and ironers allowing them to serve even industrial clients. All these are included in the sale as well as one L300 Exceed Versa Van and a Motorcycle with sidecar that they use for pick-up and delivery arrangements.
With the goodwill it possesses with its longtime institutional clientele and a loyal customer base, it may be necessary that the laundry shop retains the brand name. If the new owners intend to have a new name, it might be wise to wait a while until its customer base becomes accustomed to the new management.
This is a single proprietorship and the owner is with a full-time job. His wife is overseeing sales and operations aside from other family businesses. As this is close to his wife’s heart, it is their prayer that they find a new owner as dedicated and as meticulous as she is. His wife is willing to give some of her time to break-in the new owners and ample time to introduce them especially to their institutional clientele to make sure that the transition is smooth and that the laundry shop continues to do well and grow with the new owners.
*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.