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..

1 heavy duty washer, dryer, normal washer and steam iron,
what shud i check? account , debts ?

currently the owner have a stationary, restaurant.. so this laundry is in other side of town, he can't give full commitment.
i also has done survey, new heavy duty washer, dryer and steam iron full set will cost around 14k with installation,piping and etc+ 1 year part n labor warranty.

in your opinion, which one is worth it, setup a new shop or takeover business. i know setup a new business will cost me more, but takeover business means i already got regular customer and the business is ready to go. help me!

really appreciated on ur views, how can i check if the business is really going well and have no bad debts ,loan sharks or whatever can haunt me in the future time

what should i considered in take over business rather than setup a new shop? which one is worth it,

for sure, i'm only to buy the business not the company and change it to my company. by doing so, i'm not attach if any bad debt from the previous company right? thanks for ur help, this thread is really informative.

in your point of view, shud i setup an enterprise or sdn bhd? what is pro n cons?

ya, but it is for women only, i sell batik imported from bandung, indonesia .like baju kebaya, kurung ,kurung moden, jubah. most of them come is set, top, kain batik n matching selendang.

sorry sir, r u asking about my capital@ modal in bm?

if yes it is rm18k. may i know what document shud i prepared?