(This business was registered in June 2017 but was dormant for a year as the owner was busy with other ventures.)
In June 2018, we "started" the business and was profitable from day 1 with just 2 staff.
We were just doing online marketing through Facebook and Google to test out the market with a NEW Brand. We are closing sales and have been outsourcing all of the fulfilment work.
After 3 months of generating $100k in revenue, we are confident that there is huge growth potential and ready to expand the business.
So far, the marketing spend is less than 10% of the revenue and we have to pause the campaign at times because our fulfillment partners can't cater to our output.
The market is fragmented and the standards of the outsourcing partners are inconsistent. Occasionally there were some lapses in service delivery and we have to manage it accordingly.
We believe if we can have control over the service delivery part, we will be able to raise the standards of this industry and serve the customers better.
New houses are being built in Singapore every month and the market is huge enough. We are confident that we can garner a market share with our strong know-how in online marketing.
The plan is to start our own production and build our own teams to have FULL control over the fulfilment and service delivery process.
How do we intend to use the funds:
- A small factory place where we can convert part of it into a showroom. This is considered a "Light" industry and we have checked that it can be done.
- Industrial sewing machines. (Ranges from $70k to $500k for different types)
- Company Vans.
- Building out our own installation teams.
- Building own Supplier base with China, Korean and etc.
We believe we can turn this into a million dollar company and are seeking the right partners to accelerate the growth.
With the right setup, having a $100k to $400k monthly revenue is very much possible as we grow. And as we build out our own production line, the profit margins will be higher and we can reinvest it back into the company to increase productivity and to expand to other related revenue streams in the soft home furnishings niche.
You can see that there's not much risk as we are mostly acquiring "hard" assets which can be sold off in the unlikely event that something goes wrong.
If you are an investor, we welcome you to discuss about giving us a loan and discuss the terms about it.
If you are an investor with the relevant knowledge to scale up the business, we are happy to discuss stockholding terms.
Contact us today for a non-obligatory discussion today. We can show the books to suitable investors/partners.
Singapore