Small Laundry Business for Sale in Miri, Malaysia
- 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.