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Small Laundry Business for Sale in Miri, Malaysia

For Sale: Franchise outlet of a well-known shoe, hat and leather product cleaning brand.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 38 thousand
Run Rate Sales USD 27 thousand
EBITDA Margin Nil
Industries Laundry Business
Locations  Miri
Local Time 6:56 PM Asia / Brunei
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 23 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 7.5 thousand
Interested to connect with advisors
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

Franchise agreement, business permits and licenses, 1 sofa, 3 tables, 4 chairs, product inventory, cleaning and repair equipment, and website and social media accounts.

Facilities Overview

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.

Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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