Current StatusPre-Revenue
Amount Invested400000
Funding Required150000
DescriptionSPIN CITY ENTERPRISE is an existed self-laundry business that has two outlets which are located at Bukit Subang and Bandar Pinggiran Subang, Seksyen U5. These two outlets are operated by own brand not by any franchising program. SPIN CITY ENTERPRISE plan to expand another outlet that will target a customer of Perumahan Penjawat Awam 1Malaysia (PPA1M) Bukit Jalil and Parkhill Residence, by own laundromat name, which is MAT LAUNDROMAT. Based on existing experience, MAT LAUNDROMAT will be setup without any contract bonds, because most of materials and some services will be sourced out by SPIN CITY ENTERPRISE itself.
Business OpportunityThere are 1536 units on PPA1M and 1062 units on Parkhill Residence and targeted customer is about 50% of it. SPIN CITY ENTERPRISE will be provided fully-automatic coin operated washing machines can be used around the clock. This business also may ease the resident for washing clothes routine of work. SPIN CITY ENTERPRISE is equipped with washing machines imported from the United States which complete washing, bleaching and drying all within 60 minutes, allowing customer to running other errand while their clothes are being washed.
Revenue / Business ModelTargeted 30 sales per day that will make RM45,900.00 gross profit per month and for the nett profit is RM21,445.00 after several cost including loan, lease, raw materials and etc.
Management TeamAhmad Mukhlis – Manager and Technical
Muzlifah – Account
Company BackgroundDate of started – 1 October 2018
Sales – RM162,000.00
Profit – RM45,000.00
Funding MilestoneRM150,000.00
% Equity Allocation10% per annum
Expected ROI36 month
Company NameSPIN CITY ENTERPRISE
Business AddressNO 20, JALAN PLUTO AY U5/AY BANDAR PINGGIRAN SUBANG, SEK U5, 40150 SHAH ALAM, SELANGOR
Contact PersonAHMAD MUKHLIS BIN ZULKIFLI