i'm considering to take over a laundry business, surrounding full of condo, but the are 2-3 laundry operate within 2-3km within. the owner wanted to sell to me  18k with all the things in the shop. overhead per month is rm1800. as daily income is around 200-290 for walk in customer. the laundry have regular customer and have been operated for 3 years. reason for selling conflict with other business.

my question is

1.do you think is profitable for me to take over?
2. how do i increase the sales?
3. how long do u think i can cover back the capital that i invest.

if you have any experience to share with me, be gladly to know..