Businesses for Sale in Miri

- 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.