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Laundry Business for Sale in Hong Kong Island, Hong Kong

Profitable Laundromat in Shau Kei Wan, only laundromat with Octopus/Alipay, close to many residential buildings.
This transaction has concluded.

Established 5-10 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 30 thousand
Run Rate Sales USD 34 thousand
EBITDA Margin 25 %
Industries Laundry Business
Locations  Hong Kong Island
Local Time 8:02 PM Asia / Hong Kong
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 23 thousand (Native Currency: HKD 180,000)
Reason: Owner had planned to acquire businesses in the Shau Kei Wan area but has recently acquired a large r... View More
Includes physical assets worth USD 20 thousand
Business Overview

- Well-established laundromat with a dedicated customer base.

- Recent refurbishment of all washers with new motors and controllers (1 year ago).

- Three revenue streams:

- Laundromat services generating HKD 15,000/month; only laundromat accepting Octopus/Alipay.

- Three SF Lockers rented out to logistics companies for HKD 6,000/month.

- Sale of laundry essentials such as washing bowls and dryer sheets.

- Average of 400 customers per month for the laundromat.

- Promoters possess 2 years of experience in the industry.

- All necessary business licenses are in place.

Products & Services Overview

Laundromat with four machines.

Kiosk dispensing laundry essentials.

3 x SF Lockers that pay monthly rent.

Customers are local residents.

Assets Overview

Assets:

4 x USA brand stackable washers, dryers and fixtures.

Facilities Overview

Approx 400 sq ft with 4 washers, 4 dryers and 3 x SF Lockers. Storage area in back.

Located in Shau Kei Wan.

Rent per month is HKD 14.5k.

Capitalization Overview

No debts or loans.

Sole owner with a 100% stake.

Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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