I also post my previous venture details as well ;-)

Type : Food & Beverages (Italian and Western Food and Drinks)
Capital : RM90,000
Location : Ipoh
Shop size : 1 lot 10 tables only

a) Shop rental + deposit 2 month + deposit electricity/water = RM9,000
b) Renovations (paint,glass panel door and wall,kitchen cement + partitions, floor and wall tiles, bar, sink, furniture) = RM35,000
c) Coffee machine = RM11,000 (this is not ordinary coffee machine despite the pricing, it's a full feature coffee machine with milk frother and two head)
d) Plates, glass cup, coffee cup, metal cup, cutlery etc = RM5,000
e) Electrical component (wires, lightning, wall plug, airconditioning) = RM12,000
f) Kitchen (oven, microwave, stove, fridge, etc) = RM7,000
g) Food and drinks material (coffee beans, teas, meat, vegetables,milk, spices) RM10,000++

Roughly estimated. But overall we used up to RM90,000.

Workers : 6 (2 kitchen, 4 front)
Salary : RM4.5 per hour averaging excluding tips and service charges.

Daily Revenue : RM1,100++ averaging (most of the business comes from weekends)
Daily expenses : RM600 at least
Profit : RM10k-14k monthly

Opinion : It's kinda successful despite our 1 lot shop and we only have 10 tables. Strange huh? 10 tables and we're mostly packed due to the fact we do not advertise, but FREE social networking (food bloggers, instagrams, etc) and facebook sharing our food picture that booms everything we had. We have appeared and featured in Star newspaper and also MAS magazines and also Motormouth food blog. I didn't expect it to be successful because we are actually challenging the fact we don't sell spaghetti or chicken chop like the rest of the cafe. We want to be unique and so, we created a lot of stuffs that can't be found elsewhere in Ipoh and Malaysia nationwide. We do have customer complaints our variety of food isn't that MAJORITY because some of their friends wanted spaghetti or rice or steak. In the end we do offer italian herb rice with marinated chicken and spices to make it different than just a chicken chop + sauce + plain rice, because we still don't want to follow what others is doing. Most of our ingredients is imported.

Next Venture : Now me and my partner (the MASTER CHEF) are going to opened another with bigger venture this time in one of the upmarket gardens in Ipoh. It's triple the size we had last time. We already secured the spots, that is included with outdoor garden as dining area as well. We are scheduled to open by September. I already posted earlier in this particular thread about this newest venture. Anyone interested can PM me.

Cheers~! :-)

Hi Guys

i am now trying my fourth business, but this time i am starting with smaller capital.
now it have been for 2 weeks, no gain yet but still hoping for the best in next 4 months

Title: REDCLAW PROJECT
Capital : RM500
a. 1x Air Pump 20L/min - RM30
b. 1x set of Mini Package consist of 6 adult lobsters, 6 premature lobsters and portable air pump - RM290
c. 4x rectangular basin - RM20 each. Total RM80
d. 3x set of batteries size D - RM12 each set. Total RM36
e. 2 feet of PVC pipe for lobster hiding spot - RM5
f.  2 x crab cuisine pellet for lobster food - RM14 each. total RM28 (recurring on monthly basis)
g. Other miscellaneous stuff
h. Minor renovation = Not required since i am putting all the basin in one of my house room

Workers : No workers
Opinion : Slow profit earning and need to focus on market or alternative buyers. But the maintenance cost is really minimal since lobsters are high disease resistance. No need special attention since u only need to feed them and let them breed.
Expected Monthly Income :
Considering I have 3 pairs for adult lobster and each pair will give about 80-500 eggs.
Since I am newbie and lot more to learn, there is only 30%-50% chance of success in breeding the lobster babies.
3 pairs x minimum 80 eggs x 30% success chance = 72 of lobster babies
these babies will mature within 4 months with average price of RM40 each.
So, RM40 x 72 / 4 months = RM720 per month

I know it sounds very low but looking at how it been done, i can consider this is my passive side income

REnovation cost 35k is it a major renovation to the whole shop? Like decorations and all? WHo is your main customers? People from all around or is it near housing area or shopping mall or something?

I have connections with the renovators in town. 35k because we didn't do the ceilings. We leave it as it makes the area more roomier and bigger. The shop was clean to start with (no cracks or anything that needed to be repaired) and it's all depend on the lightning bulb with fancy covers that do the trick and the color paintings. So it was nice and cozy with dawn lightning. No decorations except we painted our logo on the wall with the help of local artists.

My main customers is mostly youngsters and some bankers/sales/elderly but the one who spend the most is also the youngsters. We do located near shopping mall but the walking distance can be quite sweaty.

Ipoh is actually booming with cafes everywhere. You can search for this on the net. I do not know why the phenomena but I do realize after I opened this cafe that nowadays Ipoh people are very rich. I find Ipoh's cafe pricing is much more expensive than KL, yet they will spend it if it taste good.

If the shop condition is already good and you only do minor renovations then 35k seems expensive. Where does the major of the cost go to? I thinkis glass panel door, kitchen and floor and wall tiles? I assume u invets heavily in the kitchen?

Good sharing from suadrif and shoduken .

All the best to your venture. 

Actually from what I actually feel, Malaysian is looking for affordable & value for money items.

For example :
Item : Small Pagoda
Feng Shui Shop : RM120
I am selling : RM 80 which include delivery cost.

Quality wise, maybe/may not be the same, but it functioning the same way. Why not purchasing from me instead of those shops?

One good example would be my mom. A lot of feng shui stuff in my house are purchase from other places (not feng shui shop) as it is much cheaper. I guess more than 50% of the stuff.

Secondly, I feel that not everyone willing to step in Feng Shui shop to listen advice from Feng Shui Master in the shop, as they do not know what they actually need. Instead, if I put it online, people would read and may compare it via GOOGLE.

thanks edyek
i haven't see u anymore lately
it seems u focus more on property thread
busy collecting asset i guess? 

If you have a Sdn Bhd your auditor and company secretary will help u out

if you have sole proprietor, partnership, or LLP, then u just pay the annual fees to SSM. For tax returns u refer to LHDN, register yourself with them first.

Hi all,

Myself and some friends are looking to invest in some manufacturing machines to process agriculture waste and make  them into biomass product.

We spoke to a few machine supplier and each of them has different offerings, there is one which we are quite pleased with the offerings but the supplier location is hundreds of km away from us, we have not dealt with them before. Apart from phone call and website, we are prepare to pay the supplier a visit, however there is still possibility of being cheated according to an experience of a friend a while ago when the 'supplier' borrowed some facilities to show buyer and claimed they sell the facilities.

I know there must be a way to address this but I just lack of such information. One of us was discussing about the risk (whether the supplier could cheat us, for example after receiving payment, they do not send us our order of machines)..

Is there any precaution or transaction protection law we can use to protect our purchase with the supplier?

Appreciate your opinions  Many thanks