Businesses For Sale in SingaporeSingapore

Listing ID: 13811 Total Viewed: 259

Global Used Car Export Platform

Location: Yishun, Singapore

Industry: Not Disclosed

Business Stage
Establhsed Running Business
Monthly Revenue::
SGD20K - 50K
Monthly Net Profit::
SGD20K - 50K
Year of Incorporation::
2017
Number of Staff::
8
Industry::
Not Disclosed
Business Description

Hi All,


In the year of 2016 December, a car rental company who had 20 cars that is due for scrapping as their car’s COE (certificate of entitlement) were coming to an end. They called up scrapyards, online “exporters” who promised to offer high price for car body but end up offering nothing for their first due to scrap vehicle (Mitsubishi Colt Plus). Nothing, meaning zero dollars, and the so-called “exporter” will just do up the necessary car disposal paperwork for the exchange of their car. 

 

Many direct car owners had the exact same predicament when comes to scrapping their cars. Ridiculous low car prices offered by scrapyards/exporters are simply frustrating. 

 

Can you believe it? This is exactly what is happening in Singapore at the moment. Singapore, who ranked the most expensive place in the world to own a car, is also one of the cheapest places to buy a 10 years old car. How can the disparity be so big? Who is controlling all these car body prices? 

 

One of the contributing factors to the feasibility of such export include Singapore's strict motor-vehicle inspections and high depreciation which make such vehicles worth very little in Singapore after ten years of age, and strict Transport regulations that make renewing vehicle COE very expensive in Singapore. 

 

Hence we need a solution and we saw an opportunity. We know we have to do something. We need to make a difference in this industry because it will benefit a lot of car owners out there.

Congradulations if you are still reading, that means you saw the opportunity in our business as well.

We are not just all words, we have already built the online website equipped with many advance functions that enables car owner to directly sell not just to importer but we are talking about the end user which is the ultimate car buyer. We are eliminating all middlemans who had been exploiting the used car market for close to 20 years now.

Please see screenshots for our website.

We have in fact secured 6 major singapore car exporters, (they will be using our platform to post their cars) as currently they are using a japan export car website. See? We dont even have a website that enables car owner to sell their cars directly. In the world, japan is the market leader for exporting their japanese cars, its not that they are cheap, in fact singapore cars are the cheapest in the world for 10 years older cars. But we simple do not have the avenue to sell to the world, with our platform, be sure that this will change the car selling price from now on.


If you excited somehow just by reading this, PM us and we can see how we can collaborate on a win win basis! Thank you for your time and talk soon.


Latest Update:

With our transparent platform, we will change the trend and disrupt the industry for now. We have already secured more than 100 buyers from overseas as well as 1000+ cars from direct car owners. We will not be manipulated when comes to our car body price anymore. there is also no need to dekit all your valuable car parts before scrapping.


The website is already up and running with transactions being made and cars being sold.


At the moment, we are hoping to seek investment for our own in house IT team, marketing and manpower.

If you are keen to find out more, please contact me and we shall meet over coffee to talk more.




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Detail Informaiton

Capital Required

Under SGD50K

Expected Monthly Revenue

SGD100K - 200K

Expected Monthly Profit

SGD50K - 100K

Expected Investor's Role

Either Active or Passive Partner

Return On Investment

12 months

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