Looking for investors to buy and roll up laundry businesses across the UAE
Looking for investors
I've been speaking with several laundry business owners in the UAE who are retiring and looking to sell their businesses. I’m looking to raise 150k AED to acquire and consolidate a few of these businesses. I am targeting businesses in ajman, Sharjah and parts of old Dubai as rents and salaries are cheaper and margins are better.
Here are a few details of some of the businesses. All are in AED.
Laundry in ajman - 150k purchase price - high months profit 15k- normal month 8-10k
Laundry in ajman - 50k purchase price - 3-4 thosuand profit per month
Laundry in sharjah nuliah - 90k purchase price - 60k profit per year
- Significant upside potential through strong digital presence as some aren’t even properly listed on Google yet
- Potential to increase revenue through contracts with hotels, salons, gyms, Airbnb operators, and other local businesses
- Can decrease costs as all the businesses can bulk buy detergent and materials.
The goal is to acquire the business and then improve sales.
If anyone here is interested in investing, do let me know.