Current Status Contract awarded
Amount Invested RM500,000
Funding Required RM2,000,001 to RM3,000,000
Description We are a car detailing service provider offering full range of car detailing services. Currently operating three outlets across klang valley. The fund to be obtained is to operate more outlets in Malaysia, creating a brand where consumers trust. We want to create a brand when consumer think of anything relate to car, they think about out brand. The fund will not be used on normal shop lots but to develop car detailing outlet in PETROL STATION where it has high traffic daily and fixed customers. With more outlets we will be able to obtain more members,obtaining more market share in the industry, thus a big step closer in becoming a user preferred brand.
Business Opportunity We have been awarded a contract to be the car wash operator by an oil company which owning up to 500 petrol station in Malaysia. Car washes in petrol station are proven to be very profitable due to their high traffic, customer daily routine behaviour. But most of the car wash operators in petrol station only offer car washes where the basket size is extremely small. We are appointed by the oil company because we are proven to be expert in increasing the basket size by adding more services such as polish, waxing, coating and other services. The market of the project is extremely big because most of the petrol stations are located at very strategic location, the traffics are high which is a very good opportunity for us to create branding awareness.
Revenue / Business Model Based on the three outlets that we are currently operating, we are making a revenue of at least RM35,000 per outlet averagely throughout the year. Operating cost placed between RM18,000 to RM23,000 per month. With the new project awarded, we forecast to see a 30% increase in revenue with the same operating cost. This case the profit margin became much higher as compared to operating a normal shoplot car detailing business.
Management Team We are a company with an employee size of 16 people.
The management is divided into three department, business development/sales team, marketing department, and operating department.
Business development is in charge of getting projects and sales into the company. Our marketing team have been coming out with at leat 3 promotions/deals to attract new customer and to retain existing customer. Marketing has also previously successfully make us partner will big brands like telco and banks. The operation team will manage the quality of the service also to manage ground staffs at a day to day basis.
Company Background Business start date: 8/8/2015
Investment made: RM500,000
Av. Revenue/mth: RM35,000 x3 outlets
Av. Profit/mth: RM10,000 x3 outlets
Milestone achieved: Awarded with best automobile winner @ SME & Entrepreneurship award, a partner of 1M4U, existing of 1,700 member nationwide
Funding Milestone At the primary stage, we are looking into RM2,000,000.00 to develop 10-15 outlets at the petrol station in 2017. We are expecting a return of 8% per month on the amount funded.
% Equity Allocation 49
Expected ROI 100% ROI at the end of third year
Risks and Mitigation Oil company to terminate the contract due to bleaching of contract/ end of the service contract. However we will be working at our best to avoid that from happening.
Exit Strategies Company to buy back the shares on the 5th year at a fixed agreed amount.
Contact Person MA HAN PIN
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Teh Chong Meng
5 years ago

Hi, what is the status of this project? My contact is 0183885430. Would like to understand more. Thanks

3 years ago

Hello may I rent your place and I will use my own staffs if any interest you can contact easy by what’s app +60182135581

1 month ago

Hai im looking for empty lot at petrol station to open car wash , please advice me or recommend me the place tq my number 0102101858

Last edited 1 month ago by ravi