poly.xtian Said,July 19th, 2010 @3:47 pm

Hi i’ve met someone who’s selling their laundry business including all these:
1)4 Washers at 10.50 kilo grams per machine.
2)6 dryers same brand and capacity.All Machines are in good working conditions.we have a regular check up and cleaning every 6 months.
3)1 unit steam pressing iron for dry cleaning,
4)2 heavy duty flat iron and 2 board.
5)tables for folding
6) 25 litters heavy duty water pump
7) 5,000 litters water storage tank
Office tables and chairs
9) hampers and laundry bags
10)Hanging areas for finish pressed clothes 3 areas
11)Wood shelves
12)1 Portable colored Television
13) 1 T.V monitor and 2units camera for inside and out of the shop
14) All laundry supplies
15) Office supplies
16) 1 Unit Pedicab for pick up and delivery
17) 1 unit Heavy duty weighing scale 30 kilo grams
18) counter table on reception
19) Panther Industrial Transformer
20) Heavy duty safety regulator for LPG installation
21) Fire distinguisher
22) 2 exhaust fan
23) 2 Industrial wall fan
24) The rights of the business is the most important plus all our existing clients.
25) 5 professional working staff’s knows all around laundry work.
The price is 1.7M still negotiable and according to the owner it earns 30-36thou a week.
To be honest, i have 0 knowledge on laundry business but willing to take a risk.
Hoping to get tips and opinions from you guys specially to Miss Etten.

Hi Poly.Xtian,

From the data you gave me, I can easily say the price is expensive considering the machines given. If I may ask, are these industrial machines? Because if not, then they are way tooooo expensive. one brand new industrial washer costs only about 280k at 13 kilogram capacity.

If I were to quote the business:

4 units washer (has to be industrial) - 400k
6 dryers (has to be industrial)- 450k
1 unit steam press - 5k
2 heavy duty steam press - 1k
2 Tables for folding- 5k
1 water pump- 5k
1 water tank- 5k
Office tables and chairs- 5k
Hampers and laundry bags- 5k
Pedicab - 4k
1 unit weighing scale- 1k
Counter table- 1k
Transformer - 10k
Industrial fans- 4k

All the rest can be omitted or can be bought at a very minimal fee. Rights of the business is how much? Clients are all corporate I suppose? They have existing contract or none? These are all the things you have to take into consideration. If all things are in order, with NET INCOME of 120k a month, then I would consider buying it at 1M only if the machines are industrial, otherwise if they’re only household commercial, then that is way too expensive. Critical here are the machines and the clients. There is nothing wrong taking risk, only it has to be CALCULATED.

Good luck!