WHAT IS A LAUNDROMAT?
A laundromat is a self-service laundry where coin-operated washing machines are available to individual customers.
WHAT IS THE TREND AND WHAT IS IT SUITABLE FOR?
As young people work longer hours, they wouldn’t be free to do their own cleaning and instead would opted to do their cleaning and also drying at a laundromat since Singapore is prone to frequent rainfalls they can also save space by not needing a washing machine or a dryer at home.
WHAT SHOULD I INVEST
With an increasing trend of people opting to dry and wash their clothes at local laundromats, you can start your own laundromat buisness as little as $50k1 with the return of investment within a mininum of 3 years2!
EXAMPLE OF LAUNDROMAT:
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1.“website and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice. and any money cost associated is in Singapore Dollars.”
2. “return of investment within a minimum of 3 years is subjected to actual investment, sales and the cost spent and will differ by a case to case basis and might not necessarily be 3 years.”