Opportunity to acquire 100% of an e-Commerce business.
Selling price is RM5 million.
The company is principally engaged in an innovative e-Commerce business which utilise social media live streaming to sell home décor, costume jewellery and accessories made of crystal.
The business has been established since 2016 and has been experiencing exponential growth for the past 4 years due to the advancement of internet technology, changes of consumers spending behaviours and the popularity of online live streaming on social media.
The advantages of such live streaming platform are it is more proactive, productive and effective in acquiring sales as compared to traditional brick and mortal retailing business which is passive, heavily rely on location, high rental and marketing & advertisement cost.
The company has a strong social media followers of approximately 120k. Average number of viewer per show is around 1k and conversation rate is 40%-50% due to its strong and trustworthy brand.
The company has a strong support from reliable local and overseas suppliers which give better deal in respect of product cost, credit term, quality and delivery of the products. This made them as one of the most trustworthy and reliable brand in the market.
The company has a team of 20 over staffs in the area of Sales, Marketing, Operation, Finance and HR. It has a well organised and systematic operational workflow in procurement, stock management, online purchase orders capturing and payment collection mechanism.
Business seek for: Full sale of business
Percentage of stake: 100%
Selling Price/Loan Amount: MYR 5,000,000
Established From: 2016
Category: Sector & Category COMPUTER & INTERNET, ONLINE E-COMMERCE
No. of Employees 20
Legal Entity Private Limited Company
Annual Turnover MYR 10,000,000
Annual EBITA MYR 1,500,000
Physical Assets Value 0
Trading Hours 9am to 6pm