Small Laundry Business for Sale in Miri, Malaysia

For Sale: Franchise outlet of a well-known shoe, hat and leather product cleaning brand.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 26 thousand
EBITDA Margin
Nil
Industries
Locations
Local Time
12:02 AM Brunei
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 22 thousand (Native Currency: BND 30,000)
Reason: As a result of the COVID pandemic, the promoter does not intend to invest the time and resources req... View More
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Trade License
Business Overview

- Offer cleaning and repair services for shoes, hats, and leather products.

- We are a franchise outlet of a well known shoe and leather cleaning brand.

- Around 90% of our revenue comes from cleaning and repair services with the remaining coming from the sale of cleaning products.

- We service around 5 items every day on average.

- Primarily reach customers through Facebook where we have 2,000+ likes and Instagram where we have 3,000+ followers.

- The franchise agreement is valid for the next 18 months and can be renewed.

- We pay 5% of the net revenue as royalty to the parent brand.

- Due to the COVID-19 pandemic, our revenue has dropped significantly and the business is running at breakeven.

- Pre-COVID the business had operating margins of 15% on average.

- The promoter is based out of Brunei and the business is run on an auto-pilot mode with 2 employees handling all of the operations from the store.

Products & Services Overview

Our services include shoe cleaning, bag cleaning, hat cleaning, and repair of premium shoes and leather products.

Assets Overview
Facilities Overview
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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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