Businesses For Sale in SingaporeSingapore

Listing ID: 12753
Total Viewed: 12226
Last Refreshed: 21/05/2018

Amazing opportunity to run a profitable tech business (100% Reviews)

Central Area, Singapore

Asking Price : SGD38,000

Revenue: SGD200K - 500K

Cash Flow: SGD10K - 20K

Payable: SGD1,400

Established: 2017

Gross Profit: SGD20K - 50K

Inventory: SGD15,000

Receivable: SGD4,000

Owner Role: Full Time

Net Profit: SGD20K - 50K

Liability: SGD0***

FFE: SGD12,000

Staff: 3

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Have existing ventures on hand, not enough time for all my commitments
Business Description

This is a genuine offer, I'm letting go one of my babies as I'm spreading myself too thin. Currently running 3 ventures simultaneously. (1 of my ventures is going to enter into the China market, and another venture of mine is in 30 over stores in Singapore) This started as a side-hustle for me 11 months ago. Sales keep on increasing month over month. Felt that I have some time to spare, turn it into an actual business. 

This business is a transportation business, we sell electric scooters to the market. Currently we have consignment deals with 2 other businesses. (We supply other stores with electric scooters) People in Singapore use electric scooter for going to work, hobby, short distance travel, delivery food, leisure riding. This mode of transport is not going anywhere, counter-intuitively, our sales increased with the regulations in place. (Due to selling compliant products). When there is regulations that are coming out, its a tell-tale sign that the market is so early. Our government sees this as a serious mode of transport, cars are expensive, and it will not get any cheaper. 

Our business provide sales of e-scooter, repairs services, accessories and more. So for example, you sell 1 scooter, customer will buy accessories for sure. The margin for an overall sale is between 33%-45%

The business sell branded electric scooters, we have a reputation of selling only quality products, due to all these reasons, the business currently has 100% positive feedbacks, 0 negative feedbacks. 

We have exclusive rights to certain products, which makes it easy for the buyer as you will not have other people selling the same product.

Our website has a daily visit of around 40-100 visitors per day (Attached the analytics in the listing images)

Just this month alone we have around north of 60,000 post engagements on our facebook page (Attached the report in the listing)

There are a few product roadmaps that are in the works right now, there will be another star product that we will be launching, it will boost the sales rapidly. 

Business has an actual shopfront, a website, facebook page (100% positive feedbacks), instagram page (targeted loyal followers), carousell page(0 following, 1k followers, 100% positive feedbacks)

You're able to run this business remotely, as long as you have 1-2 manpower (interns) at the shopfront, I can advise you on the tasks that you can delegate and the tasks that you have to hands-on. 

If you look into our numbers, this is a business where you can scale rapidly anytime when you are ready. Our business is already profitable from day 1.

There is a few ways that we can structure the takeover, there is an option for you to takeover the biggest electric scooter showroom in Singapore, we can discuss on this. 

. Only for serious buyers, we are not looking to review offers that take too long to close. Do hit me up ASAP +65 93398921 for takeovers. 

****UPDATES***

- The business just hit 20k monthly revenue as of this month (January).

- February update - Our sales crossed 20k revenue! 

- UPDATE 13 Feb - We have sold quite a few sets the past 2 weeks, kindly note that the listing price is INCLUSIVE of the inventory value, we will adjust the listing price according to our inventory value as well

Valuation will include the incoming inventory (~11k) and existing stocks on hand ~$10k. 






Business Operations
Business Hour:
11am - 830pm
Preferred Skills:
No preferred background or skills needed. I know nothing about this business when I started
Supporting and Training:
Will provide you with the technical trainings
Staff:
1 Local, 2 Part Time
Property Information
Premise Status:
Rent
Premise Size:
220sqft
Rental Fee:
SGD1,400
Rental Deposit:
SGD3,900 (included in selling price)
Lease Term:
1 year
Premises Detai:
The premise allows customers to try and test ride the scooters, it also acts as a collection/despatch point.
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home
Other Information
Facilities:
Storefront, Facebook, Instagram, Carousell (1k followers, 120 positive feedbacks, 100% positive feedbacks), e-Commerce Website,
Competition:
Healthy competition
Expansion Potential:
Expanding to other parts of the world. We have a few overseas retail companies expressed interest to distribute products, we will introduce it to you.
Supporting Documentation

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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