Businesses For Sale in SingaporeSingapore

Listing ID: 2747
Total Viewed: 10596
Last Refreshed: 03/01/2019

Accommodation Biz Takeover

Central Area

Asking Price : SGD200,000

Revenue: SGD26,000

Cash Flow: SGD11,000

Payable: Not Disclosed

Established: 2015

Gross Profit: SGD11,000

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: SGD11,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason To Sell
To Focus on new business ventures
Business Description

In 2015 Mid-July, i rented 4 residential apartments from the landlord and did full brand new renovation to make 8 rooms per apartment, thus 32 private rooms in the apartments within one single building for the purpose of residential rooms renting/subletting to expats working and living in singapore. This is a 3+3 lease guaranteed and u have more than 5 years to operate from takeover.

If keen, u can takeover with SGD$200K takeover fees which gives u 32 aircon rooms fully furnished + kitchens + bathrooms operationally ready with tenants. This fee will includes the security deposit also.

Gross rent per month: $26000

- Rent to us: $13000

- Utilities/Repairs: $2000

= $11000 your monthly profits

This 'takeover' will be structured in the form of a 'master tenancy' from us to you with 'back to back' terms and conditions stated in the master agreement. As a master tenant, u will be free to sublet the rooms accordingly to the rules and regulations or URA, BCA, SCDF, etc. 

You should have relevant experience in this residential subletting operation with at least 3 years handson experience and undersanding of the URA, BCA, SCDF guidelines so that you don't waste my time explaining the whole business know-how.

The takeover will be easy if you have the relevant experience without asking me too many newbie questions.

Thus, please contact me only if you have the relevant experience and do not contact me if you are new to this business.

Property Information
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All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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