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Coin Laundry Business seeking RM280K startup fund

Coin Laundry Business seeking RM280K startup fund

Project Cost: RM280,000.00

Amount Invested : None

Amount Required : RM280,000.00

Knowledge / Experience Required: finance

Proposed Investor’s Role: as consultant

Project Stage: seed

EXECUTIVE SUMMARY:

Company History: Have been in business for more than 20 years. Looking for a new venture.

Product / Service Description: To set up a coin laundry business in Taman Melawati area

Business Opportunity: There is only one coin laundry shop in Taman Melawati. But the demand is big. So looking into the demand as an advantage to setup the business

Revenue Model: Collection from the customer. This is a CASH DAILY business.

Management Team: Very straight forward design

Current Status: At a start up plannings. Already contacted the vendors for the machines and looking for a suitable location / shoplot for the business.

Funding Milestone: Funds to be used for rental, renovation and purchasing the machines.

Business Valuation: 30 – 40% from the nett profit.

Expected Return On Investment: I am looking into 2 – 3 years of ROI (by practical estimations)

Investment Risk and Mitigation: Risk is reduced at minimum because the warranty and after sales services by the machine vendors is included by the vendors.

Exit Strategies: Either repayment with interest or MBO by the investor

* Business Plan available upon request

CONTACT PERSON

Eddie Zarul ( eddie69.stylo@gmail.com)
Company Name: Chinta Qaseh Resources
Postal Address : A-3-6, Pesona Villa Apartment, Jalan Melati Indah 1, Saujana Melawati
State : Kuala Lumpur
Post Code : 53200
Country : Malaysia
Mobile: 011-32036602