Singapore  Singapore

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Listing Id: 26533 Last Refreshed: 18/10/2022 Total Views: 2340

Wooden Furniture Business For Sale!!

Central AreaFurniture Stores
Asking Price: S$750,000
Business For Takeover
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Peter Wan Dream Centre Business Brokerage Pte Ltd

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  • Overview
  • Reason For Sale
  • Description
  • Premium Buyer

Overview

  • Premise Type Office Building
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Other business venture

Description

*Well -Established Wooden Furniture Business for Sale!!*

⭐️ Strong Online Presence :
Lazada and Shopee platforms

⭐️ Physical presence in Prime location


πŸ’½ Rentals:
πŸ‘‰πŸ½ 1st Showroom monthly rental :
currently $3000;
$3500 ( from Jan 2023)
πŸ‘‰πŸΌ Carpentry Workshop rental:
$2354 ; lease till 31/01/23
πŸ‘‰πŸΌ 2nd Showroom monthly rental:
$5000 ; lease period -1/9/22 to 31/8/26

πŸ’½Inventory (estimated)
πŸ‘‰πŸΌ300 pieces Wood slabs
Valued at $500,000

πŸ’½Machinery:
πŸ‘‰πŸΌWoodworking tools
πŸ‘‰πŸΌMetal Racking for display purposes

πŸ’½ Staff :
πŸ‘‰πŸΌ 1 Full Time local employee
πŸ‘‰πŸΌ 1 part-time local employee
πŸ‘‰πŸ½ 3 WP holders

πŸ’½ Revenue (estimated) :
πŸ‘‰πŸ½ 2019: $944,000
πŸ‘‰πŸ½ 2020: $871,000
πŸ‘‰πŸ½ 2021: $966,000
πŸ‘‰πŸ½ 2022: $950,000 ( Projected)
πŸ‘‰πŸ½ 2023: $1,400,000 (Projection- based on opening of 2nd showroom)

πŸ’½ Projected Profit:
πŸ‘‰πŸ½ $180,000

πŸ’½ Selling Price:
πŸ‘‰πŸ½ $750,000 negotiable (100% shareholding)

πŸ’½ Takeover fee inclusive of
πŸ‘‰πŸ½ Existing employees
πŸ‘‰πŸ½ Director guidance ( Complete handover after 6 months at $6000/ month)

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