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Newly Established Cleaning Business Seeking Loan in Miri, Malaysia

Machine-based shoe cleaning business in Miri, Sarawak with strong branding, seeks funding for expansion.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 9 - 10 thousand
Run Rate Sales USD 11.3 thousand
EBITDA Margin 30 - 40 %
Industries Cleaning
Locations  Miri
Local Time 12:45 AM Asia / Kuala Lumpur
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 23.6 thousand for 5.0% annual interest, 20 years (Native Currency: MYR 100,000)
Reason: To develop and expand the business into a franchise model, including brand registration, SOP documen... View More
Collateral Available: USD 2.36 thousand
Includes physical assets worth USD 940
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Located in Miri, Sarawak, this machine-based shoe cleaning business has established a strong brand presence in the local market.
- The business focuses on high-quality shoe cleaning services, ensuring customer satisfaction and repeat visits.
- The operation has successfully served over 1,500 unique customers, demonstrating a solid customer base and effective marketing strategies.
- Utilizing a direct-to-consumer model, the business thrives on both walk-in clients and loyal repeat customers who value its service.
- Consistently generating monthly revenue exceeding MYR 4,000, the business enjoys stable foot traffic and financial growth.
- The founder brings valuable experience in operational management and branding, which has contributed to the business's successful operations and local recognition.
- A standout feature of the business is its unique goat mascot logo, which effectively differentiates its brand and appeals to customers in the community.
- Known for its efficient cleaning turnaround time, the business delivers quick and reliable service, further enhancing customer satisfaction and loyalty.
Products & Services Overview
- Our top-selling service is express shoe cleaning using machine-based washing and UV drying.
- We offer different treatments based on shoe material: soft brushes for delicate uppers, hard bristles for soles, and a cylindrical brush for inner cleaning.
- Customers include working adults, students, and sneaker enthusiasts who value hygiene, convenience, and appearance.
Assets Overview
The business owns a complete shoe washing machine equipped with multiple specialized brush heads (soft bristle, hard bristle, cylindrical), a UV shoe dryer unit, custom-built shoe racks and shelves, as well as shop fittings including signage, CCTV, and a point-of-sale system.
Intangible assets include the registered business name which has a unique and recognizable goat-themed logo, established social media presence with a loyal local following, a growing customer database, and standard operating procedures that streamline daily operations.
Facilities Overview
The Miri branch operates from a ground floor retail shop lot approximately 400 sq ft in size, located near a busy commercial area.
Monthly rental is MYR 650 under a 1-year renewable lease.
The shop is fully fitted with shoe washing machines, a UV drying cabinet, storage racks, and a customer waiting area.
Capitalization Overview
The business is 100% self-funded with no outstanding debts or loans. It is fully owned by a single proprietor holding 100% ownership.
Recent Activity
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Contact Business
1 Investor contacted this Business this month. Register below to connect now!
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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