Businesses For Sale in SingaporeSingapore

Listing ID: 5183
Total Viewed: 2271
Last Refreshed: 28/12/2017

Spring Certified Business Management Consultancy And Software House

Serangoon, Singapore

Asking Price : SGD510,000

Revenue: SGD500K-1M

Cash Flow: SGD50K - 100K

Payable: SGD0***

Established: 2011

Gross Profit: SGD500K-1M

Inventory: SGD5,000***

Receivable: SGD38,000

Owner Role: Full Time

Net Profit: SGD200K - 500K

Liability: SGD0***

FFE: Not Disclosed

Staff: 6

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

***NOT included in asking price

Reason To Sell
Series A Seed capital injection by VC required owner's focus in ASEAN region
Business Description

The company is looking for acquirer (100% for 500,000 SGD or 30% @ 200,000 SGD) 


Only IT Mangement Consultancy company with a full-fledged Software development house, certified under Singapore Government Agency SPRING for sale in the market.



The company has been running for almost 7 years focusing on providing Management Consultancy and IT Solutions (web/ mobile/ enterprise) to local SMEs. (199000 SMEs registered in Singapore). There are currently only close to 200 Tud Suv Singapore Certified Management Consultant in Singapore.  Company is listed under the Spring Certified Approved list of Management Consultants. 


Clients are mainly in Singapore and Malaysia. 

(12 projects size averaging 50k each per year approx. Without counting those small project averaging at 10K each)


Man-power is > 5 staffs. One Management Consultant, One Project Manager, Two developers and One Admin. Good working relationship with a few development partners.  


Strengths:

- Company has a lean work force and has been profitable for the past few years. 

- Currently it generates sales around 700,000 SGD / year and profit around 300,000 SG/ year. (Sales increased 15% / year since 2012)

- Confirmed Business deals size for next quarter, 38K and 70K business management system. 

- Pending Business deals: 15K and 90K customized inventory management system. 

- Certified Managment Consultant support, able to write/submit proposal for single project size limit under $500,000. Management Consultant will be able to sign an employment contract with the existing company with a bond of 24 months at a payroll of 6K per month. Each proposal written by the management consultant is charged to clients between 3.5K to 10K, depending on the complexites involved and hours taken. Management consultant is getting up to 3 inquiries on proposals inquiries on a weekly basis. Complex proposal writing take 2 weeks and normal proposal writing take 3 to 5 days. Additional income for new acquirer. 

- Monthly payroll is standing at 16k per month


New acquirer can explore expanding the inhouse development force and sales team in IT solution sector.  


Address: Current Lease is up and company is looking for new business location and negiotiating for renewal lease with landlord. Looking to commit to rental lease of around 2.5k per month. 

Update: Company is in talks to acquire a ground floor unit with good frontage at 2K per month in East side of Singapore. New acquired venue will be able to act as a training school for IT related courses. Company is looking to enter as a WTO under the skill futures directory in the first quarter of 2018. 


Website: www.knkit.sg


Please contact for details

+65 88268513 (Mr.Teng)


Business Operations
Business Hour:
930am to 630pm
Preferred Skills:
Good communication skills, able to deal with stakeholders of SMEs
Supporting and Training:
Training and support will be provided for 6 months
Staff:
3 Local, 2 Foreigners, 1 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1500sqft
Rental Fee:
SGD2,500
Rental Deposit:
SGD2,500 (included in selling price)
Lease Term:
1
Premises Detai:
Fully furnished office premises
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Office equipments
Competition:
Other Software houses providing similar services. Approved management consultant has the ability to close the sale as grants approval require the involvement of such personnel.
Expansion Potential:
Moving into Adult Learning to impart IT knowledge for PMETs and be appointed as WTO service provider. Move into ASEAN region with developed Off-the-shelves systems on SAAS platform

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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