Singapore  Singapore

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Listing Id: 34873 Last Refreshed: 01/01/2025 Total Views: 411

Extremely Profitable For Years Online Luxury Retailer

Ang Mo KioOnline Shops
Asking Price: S$5,000,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Office Building
  • Premise Size 400 sqft / 37 sqm
  • Monthly Rental S$1,800
  • Rental Desposit S$3,700
  • Revenue S$50K - 100K
  • Liability N/A
  • Gross Profit S$50K - 100K
  • Net Profit S$20K - 50K
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff 1
  • Established 2021
  • Source Direct Seller

Reason For Sale

Focussing on other businesses

Description

Company incorporated from 2021, very profitable. No retail showroom, only warehouse space currently. Skills regarding the luxury industry will be taught and passed over to the buyer, willing to be present to guide for many months- year if needed. Owner can choose to work from home and be more hands off etc while staff handles photography, packing and other miscellaneous aspects.

Business Operation

All luxury goods inventory will be handed over
Facilities
There will always be other luxury good sellers but there are significant barriers to entry
Competition
Buyer may choose to open a retail location as a showroom or do other overseas selling etc (more details can be discussed)
Expansion Potential
Support and training for many months-year will be handed over
Support and Training
Yes, seller financing is available.
Partial payment accepted first
Seller Financing

Property Information

Rent
Premise Status
Lease renewing end of this year
Lease Term
Warehouse space in an industrial area.
Premises Details
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
Send Enquiry
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