Established Laundry Shop in Busy Manila LocationListing: #OR00193
About this Business for sale in ManilaEstablished Laundry Shop in Busy Manila Location
This profitable laundry shop is surrounded by commercial offices and a new 10-storey residential condo. 20 meters away from Taft avenue fronting UP Manila and PGH.
Landlord allows 24/7 operation that buyer can take advantage of. Additional marketing efforts and promoting the business could increase sales, and adding commercial services to hospitals, schools and hotels nearby. Pick-up and delivery could add in more income. Newly-opened office building across the road. Next to the laundry shop is a Mini Stop store. The building itself has more or less 100 dormitory rooms.
Owner advises combined net profit last 3 years is about ₱1,600,000. Monthly rent is cheap at approximately ₱22,000 including VAT. This could be the opportunity you've been waiting for!
Great potential to increase sales by a buyer who is willing to become more hands-on in the business. Owner needs to focus on another business, thus the need to sell his laundry business.
Staff: Three (3) regular personnel
*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.