HRZ Creations 53
Businesses for Sale
- Brand Name: HRZ Creations 53
- Company Entity Sdn Bhd
- Industry Category Transport
- Asking Price RM 280,000
- Strength & Weaknesses Key Investment Highlights 1. Strong Brand Positioning • Company has been Rider focused from Day 1 and built strong relationships with Riders • Users can deliver anything, anywhere quickly and cheaply as long as it can fit on a bike • Over the last 12 months, the Company has taken substantial steps to tying up with merchants directly in response to merchant demand 2. Well Established Operator • 1,090,000 Users • 65,000 Registered Riders • 1,100,000 Transactions Completed • 4000+ Merchants • Key IT infrastructure complete, ready to be scaled up operationally and nationally 3. Attractive Industry Dynamics • We estimate that the underlying industry is growth 15% p.a., driven by E-Commerce and Food Delivery. These trends are projected to continue growing in the next 5 years • The industry players are dynamic and are constantly evolving. The direct competitors to the Company are Mr. Speedy and Lala Move, as they have a similar product philosophy • Our competitive strength is our focus on Riders needs and welfare 4. Key Financial Metrics • Revenue RM7M • EBITDA (RM1M) and projected EBITDA breakeven by FY22 • Sufficient cash runway for next 12 months
- Reason of Selling We have offers from other conglomerates currently, however looking for a more suitable offer. Also we have another opportunity which we want to explore.
Introduction
Business Overview.
The Company is a platform business that provides last mile delivery services to the general public through a mobile app. We have over 1 million users, 60k riders & 4000 merchants.
The mobile app allows a User to hire a Rider to procure desired products for the User from any merchant. We also have an e-commerce on-boarding platform that allows merchants to offer their products to the public using us as a delivery service provider.
The Company has been in operation since 2018 and operates primarily in the Klang Valley. We have plans to expand nationwide in 2022
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Location
melawati urban 1