Project Title |
Online grocery store |
Current Status |
Concept – Business Plan Ready |
Amount Invested |
RM15,000 |
Funding Required |
RM300,000 or less |
Description |
E-commerce & M-commerce business model , Selling grocery , house hold product , health& beauty , office appliance , electronic accessories . Order via mobile app or website . delivery to home . |
Business Opportunity |
Solve the main problem as Malaysian facing today which is shortage of time to get house hold product , grocery , baby product and so on . market entire malaysia , but due to capital issue , will start at JOHOR first . then expand to KL , Penang & Malacca . |
Revenue / Business Model |
Our business make money from product that we sold . Same as traditional grocery store . what make us special is we do delivery . and consumer can order product by the smartphone they holding everyday . |
Management Team |
Based on the capital amount investors invest to our business . planned to have product & stock management team , social media marketing team , delivery team . |
Company Background |
August 2016 , start developing mobile application and website . complete July this year . Now looking for product distributor . and lastly capital to start the business . |
Funding Milestone |
RM50,000-RM70,000 . buying product ,social media marketing, hire management team , delivery team . |
% Equity Allocation |
10-12 |
Expected ROI |
10-20% |
Risks and Mitigation |
Delivery costs and product damage . to lower the costs of delivery we will work closely with delivery team, Exp: time and product for single delivery man carry .hire part time delivery team if necessary . |
Exit Strategies |
Sell the share back to us , or new investors . when business expand more than 3 cities . |
Company Name |
EZ MOBILE STORE |
Website/Facebook |
http://ezstore.m3online.com |
Business Address |
No 7, Jalan Lembah 32 , Taman Desa Jaya , 81100 Johor Bahru , JOHOR |
Contact Person |
Mr.SOH |
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