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.
Business Operation
Competitors include beauty retail stores and online stores.
Competition
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.
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