Singapore  Singapore

Post Ad
Listing Id: 15055 Last Refreshed: 26/06/2019 Total Views: 4233

Profitable Sales Organisation Promoting Cashless Payment

Central AreaFinancial Services
Asking Price: S$5,000,000
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue S$500K-1M Liability N/A
  • Gross Profit S$500K-1M Net Profit S$100K - 200K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 5
  • Established 2015 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Email Owner

Reason For Sale

Scalabilty. As this business requires the financial investment to increase the staff strength, it is imperative that we need a business operator with the financial strength to expand the business further. The income has a direct co-relation to the increased sales from new and existing merchants

Description

ICANPAY PTE LTD is in the business of promoting cashless payment for our partner, Wirecard Singapore. A major global payment platform specialist HQ in Munich.
We are an Independent Sales Organisation and we promote the acceptance of Visa, Mastercard, JCB, China Unionpay and WeChat pay at merchants in Singapore. To date, more than 1000 merchant outlets have benefited from our service. The total sales porfolio is worth more than $180million in 2018.

Merchants severd by us include restuarants, retail, wellness & beauty and eletronics. Our core revenue is from the sales commission earned based on a percentage of the sales generated by these merchants. This commission is recurring and is calculated monthly. Separately, we also derived revenue from renting card acceptance terminals directly to merchant.

Property Information

Rent
Premise Status
Send Enquiry
Please send enquiry in English
Your Name*
Mobile Number*
Email*
Message
/

Just a moment... we are processing the request