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Car Wash Business at Damai Jaya, Selangor

Car Wash Business at Damai Jaya, Selangor

Project Cost: RM35,000.00

Amount Invested : RM3,000.00

Amount Required : RM32,000.00

Knowledge / Experience Required: finance

Proposed Investor’s Role: as mentor

Industry: others (Services)

Project Stage: start-up
EXECUTIVE SUMMARY:

Company History:

Kencana Budi Resources was founded in 2012 on a partnership basis on the concept of being general agents for the initial stages of its progression and to later venture into being Contractors on the specification on 3 area of services to which it’s founders have relative experience in Pest Control, Road Works and Landscaping.

The founder of Alpha Resources is:
Piraven Kumar, a law graduate who has been in the service industry during his course of study.

Product / Service Description:

The Idea of starting up a car wash was based on the Idea of a guarded township whose idea is to provide all services necessary that would be of conveniences to its residence, and that particular township is lacking of a car wash to which a proposal has been submitted and awaiting the letter of approval. The township would be a prospective area to start a car wash due to its capacity that holds over 800 houses to which a survey was done that resulted in an average of 3 cars per house. Further the nearest competitive car wash service is in the distance of 10km.

Business Opportunity:

By starting a car wash in the Township it will be of conveniences to its residence since thy will not have to travel a good 10 km just to wash their car and to only drive the car to its club house to which the car wash services is going to be provided.

Revenue Model:
There are about 800 houses and an average of 3 cars per house, further there is no car wash services provided within the township.

Management Team:
The Car Wash team will contain 2 general workers and 2 Supervisors overlooking the Team.

Current Status:
We are at the stage of start up and we are in need of the start up capital. Investment made as of to date will stand at RM3,000.00

Funding Milestone:
We anticipate to break even in the next 6 months.

Business Valuation:
We will be allocating a margin of 5 % interest for the next 6 months to which on the 6th month will be the full and final settlement of the acquired amount.

Expected Return On Investment:
5% per month for the next 6 months

Investment Risk and Mitigation:
None as there will not be competition within the township as it is up to the discretion of the Township Management.

Exit Strategies:
After the end of the 6th month.
CONTACT INFORMATION

Piraven Kumar ( piro.balakrishnan@gmail.com)

Company Name: Alpha Resources
Postal Address : No. 8, Jalan Damai Jaya,
Taman Damai Jaya.
State : Selangor
Post Code : 68100
Country : Malaysia
Telephone : 03-61385199
Website : –
Mobile: 016-6820002