Small Laundry Business for Sale in Miri, Malaysia
|Employees||2 - 5|
|Legal Entity||Sole Proprietorship/Sole Trader|
|Reported Sales||USD 38 thousand|
|Run Rate Sales||USD 27 thousand|
|Local Time||6:56 PM Asia / Brunei|
|Listed By||Business Owner / Director|
- 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.
Our services include shoe cleaning, bag cleaning, hat cleaning, and repair of premium shoes and leather products.
Franchise agreement, business permits and licenses, 1 sofa, 3 tables, 4 chairs, product inventory, cleaning and repair equipment, and website and social media accounts.
Leased outlet of 1,200 sq. ft. located on the first floor. Monthly lease rent of BND 400. The building deposit is BND 1,200 and this amount is included in the sale price.
Earlier than 15 daysField Specialist, Oil & Gas, Miri, Individual Investor / Buyer connected with the BusinessEarlier than 15 daysBusiness sent a proposal to the Investor / Buyer
Earlier than 15 daysIT Executive, IT, Colombo, Individual Investor / Buyer connected with the BusinessEarlier than 15 daysBusiness sent a proposal to the Investor / Buyer