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Listing ID: 15320 Last Refreshed: 07/05/2019 12322 Views

K-Beauty E-Commerce Start-Up (Looking For Investors/Buyers)

Asking Price Price On Request
Bedok Hair and Beauty Businesses Health Food and Nutrition Shops
Business For Takeover Look For Investor

Overview

Financial Performance

Monthly Figures
Revenue
S$5K - 10K
Gross Profit
Under S$5K
Net Profit
Under S$5K
Monthly Rentalt
Not Provided

Operations & Ownership

Year of Incorporation
2018
Owner Role
Full Time

Property Information

Premise Status
Rent

Operations & Growth

Information provided by the seller

Reason For Sale

Lack of time to manage business due to other commitment.

Description

Business description


Started in April 2018, MUSCBOX started off as a k-beauty online store that sells Korean skincare products, specialising in k-beauty subscription boxes that are specially curated for our customers. Later in 2018, the startup launched a k-beauty Vending Machine, the first ever in Singapore. 



Advantages of taking over/investing in the business


Unique Selling Point.     MUSCBOX is the first company that introduced the idea of a k-beauty subscription box as well as a k-beauty vending machine. This gives the buyer or investor an edge over competitors from the Singapore k-beauty industry. 


Low Cost.     Being an online based business, MUSCBOX's costs are kept at a minimal level. The only major cost that the business possesses will be the rental fee of the vending machine, which is $350 a month. 


Flexible Profitability.     As all of MUSCBOX's products are bought directly from Korea parallel importers, the cost price of the products are low, which means that products are profitable. With enough capital to purchase the products in bulk, the profit margin will definitely increase folds. 


Online Presence.     MUSCBOX has established a decent amount of followers on various social media platforms (e.g. Instagram) and e-commerce platforms (e.g. Shopee). 


Additional Notes


*Do note that the price offered is only for people who are interested in taking over the business and company.

*The price offered does not include inventory stocks and is only for the purchase of the business. 

*The price is negotiable. 

*For investors, the prices are not relevant, please contact via the phone number below to discuss in detail. 

Competition

Competitors include beauty retail stores and online stores.

Expansion Potential

Due to the unique selling point of a subscription box and vending machine, given the correct branding and advertising, MUSCBOX has a huge potential to outshine its competitors, even competitors that are very well established in Singapore.

Buyer Support & Terms

Information provided by the seller

Seller Financing

Yes, seller financing is available.
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