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 For Small and Medium Business Owners, Come In and Share Your Biz.

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Humorboy
post Dec 20 2009, 02:50 AM

Getting Started
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i always wanted to start a business but do not have the courage to take the first step...


Humorboy
post Sep 29 2010, 08:24 PM

Getting Started
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Junior Member
187 posts

Joined: Jan 2005


is RM40k - 50k enough to start a language centre? like teaching japanese or korean... or do i need to apply special license?
i plan to hire the teacher and i do all the admin stuff like a/c and student registrations

any ideas? hmm.gif
Humorboy
post Apr 13 2011, 08:42 PM

Getting Started
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Junior Member
187 posts

Joined: Jan 2005


hi ppl, i have been lurking on this thread for such a long time, it's time for me to make big decision.. i will put all my time into the business and dun mind doing hands on stuff

i have 2 business in mind, either open a kindergarten from an established franchise or a laundry services which i will seek help from another forumer here...
capital i have is about RM40-50k...

any comments on profit, sustainability, etc?
Humorboy
post Jul 28 2011, 04:35 PM

Getting Started
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Junior Member
187 posts

Joined: Jan 2005


is there any company that can deal with all the registration for me? including ssm and local council, means i just pay them, they get all the docs required to open shop legally

anyone have contacts?
Humorboy
post Mar 19 2012, 11:22 PM

Getting Started
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Junior Member
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hmmm i am thinking whether to take over a mini mart or not... here is the info i have gathered

rental: RM1800
daily sales: including top-up about RM1k-1.2k/day
Competition: On the same row of shoplot, there are no other mini mart but opposite shoplots there are speedmart99, 7-11, etc.
Behind the shop lot are housing area, double storey houses worth about RM600-800k according to iproperties. So target group is middle class income?
1 existing staff (mininum wage RM800?)
electrical and water bills: RM350
no cctv & pos system.

i understand profit margin is pretty low in this industry especially top ups, but is this a good choice?
if i do purchase this business i have around RM9-10k emergency cash on hand

Humorboy
post Mar 21 2012, 05:35 PM

Getting Started
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Junior Member
187 posts

Joined: Jan 2005


QUOTE(fasionoval @ Mar 20 2012, 09:24 PM)
how much is the take over fees? include stock? include rental deposit?what thype of minimart is it?i have manage a minimart for more than 5 years.have seen a few.
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take over is around RM35k not including rental deposit, but i tried to negotiate down to RM30k, the owner said will think about it this week... yeah include existing stocks, i would say about 60% stocks...
just a normal malay mini mart without aircon and glass door...

i was thinking of using existing sales to bring in new stocks...

i have this crazy idea to compete with speedmart99, instead of competing with them for what they have, why not sell what they DON'T have?
if i were to take over this shop, my long term plan is move all the mini mart groceries stuff at one side, the other side sell different stuffs, maybe bakery, fruits, etc. the shop is pretty big

in the meantime i will scout for other mini marts for sale
big decisions sweat.gif

This post has been edited by Humorboy: Mar 21 2012, 05:37 PM

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