Year of Inception: 2007 Annual Revenue: SGD $2.1 million Seller's Discretionary Earnings: SGD $590k Asking Price: SGD $2.7 million Reason for selling: Owner is past retirement age Seller Financing: No
Fey Day presents a profitable warehouse storage business, it is simple to operate and highly scalable. It caters to both B2B and B2C segment, with consumer segment being the key contributor. Due to the owner's advanced age, he is looking to exit from this business. He is willing to stay on for up to 1 year to assist with the transition.
Customers are attracted to their offering (item storage & retrieval) due to competitive pricing and accessibility (Multiple locations around Singapore). They presently have 1,300 paying customers, with an existing database of 12,000 customers.
The business utilized an American-style warehousing model that is practical, convenient, and employs customized software for operational management. The company can relocate >600 wooden crates (for a large warehouse) to a new location within 10 days, ensuring continuous operation.
What to love about this business?
1. Strong cashflow business 2. 28% EBIT margin 3. Simple to operate business 4. Highly scalable 5. Low Employee Turnover rate 6. Financially healthy company with no liability 7. Plenty of room for revenue and profit growth
What are the potential areas to grow this business?
1. Adopt a more cost effective digital marketing strategy 2. Open up more warehouses in Singapore 3. Re-engage existing database 4. Cultivate the B2B segment 5. Utilise AI for customer engagement 6. Provide ancillary services e.g. packing and delivery
Year of Inception: 2007 Annual Revenue: SGD $2.1 million Seller's Discretionary Earnings: SGD $590k Asking Price: SGD $2.7 million Reason for selling: Retirement
Physical warehouse: Jurong East & Toa Payoh (20k sqft), Bishan & Geylang (4k sqft) and 1 office in CBD area Monthly Rental: $50k Total Headcount: 8 (Inclusive of owner)
Interested in this business? Please contact Mac via +65 8161 0017 or mac@feyday.com today!
If you are looking for more businesses to buy, please visit www.feyday.com
Business Operation
Owner is willing to stay up to 1 year for the transition.
Singapore
