|Current Status||Concept / Business Plan|
|Funding Required||RM300,000 or less|
|Description||Carreviewsncare.com allow car enthusiasts, to purchase car body kits, soundproof, and tints via e-commerce platform set up in shopping.carreviewsncare.com and drive straight to the nearest workshop based on their preferred installation location with PROVEN professional services with warranty at least 1 year of the products.|
|Business Opportunity||There are a lot of e-commerce platforms selling auto accessories parts such as Maxaudio, Lazada, Shopee, Mudah, etc but none of them offering services.
Carreviewsncare.com is here to integrate the specialist car workshops in every urban area based on their specialty with the local car enthusiasts. Local car enthusiasts no longer required to hunt around the services around the town, and straight drive their cars to the specialist workshops in their area for the installation/services.
|Revenue / Business Model||We take 20% commission on each transaction on site
|Management Team||Founder – Kelvin Ang
1) car enthusiasts who know well how the buyers suffering when looking for the profresional workshops that run the workshop with good business ethic too.
2) car blogger for past 5 years (Carreviewsncare.com started out as blog in 2012)
3) Past experience as engineer in MNC and startup in SG, with great exposure for what its take to grow and run a company
4) Event organizer in Meetup platform SG – more than 900 pax members
5) Account Manager in 3M in 2015 – know what it takes to close deal and partnership with other company
6) Self learned Digital Marketing Skills – improved the Carreviewsncare.com’s Google page rank from 0/10 to 6/10.
|Company Background||Started in Apr 2018
Investment made to date – RM2000
1) Marketing and market validation – RM1K
2) Operation and platform set up – RM1K
Secured 3 partnership in just Butterworth, Penang. Yet to expand to the island and other area northern area.
|Funding Milestone||Amount of Funding required – RM100,000
Marketing and Branding – RM40,000
Web development – RM20,000
Operation and Hiring – RM40,000
|% Equity Allocation||50|
|Risks and Mitigation||Market researches and validation will be done before each new category is formed. We will start with the car bodykits, soundproof basic package for the hottest ride first such as Perodua Myvi, Honda City, Civic, Toyota Vios before creating another new category.
If the new category is not working, then we will close down the category and stop working on the digital marketing for the selective category.
|Exit Strategies||Liquidation and close, when the revenue is no longer upraising or declining.|
|Business Address||34, Tingkat Bagan Baru 10|
|Contact Person||Kelvin Ang|