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Listing Id: 1409 Last Refreshed: 07/05/2019 Total Views: 16030

(Expired)Almost 4 Decade Singapore Travel Agency For Sale

Kallang/WhampoaTravel Agencies
Asking Price: S$200K - 500K
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental S$1,600 Rental Desposit N/A
  • Revenue N/A Liability S$450,000***
  • 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 2
  • Established 1976 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Vanessa Ang

Reason For Sale

Owners to retire and not able to expand further due to aged and financial limitations.

Description

Almost 4 decade Travel Agency for sale. Company incorporated in 1976. Licensed Singapore Travel Agency since then.

Owners retiring due aged (70's) wish to sell off fast

Will provide 3 months management and operation training to buyer and pass on Existing Business clients and suppliers relationships during handover period

This travel agency business license able to
operate inbound, outbound, ticketing, all travel related business within
Singapore and travel overseas from Singapore.

Singapore Travel agency license to renew every 2 yrs, a
local key executive with good travel agency experience is required.

Foreign shareholders n company directors are
allowed w one employed local manager is required who can be the key executive
for the company.

Business good for investment person who interested to
migration to Singapore

Company Business with 3 decade as appointed agent operator to deliver Mass Gaming Players to Malaysia Resort on daily basis

Appointed Agent to Singapore and Malaysia IR delivering Mass Gaming Players to patron for Gaming and non-Gaming on daily basis with transportation facilitating cross border visitation to IR Tourism Logistics cross border from Singapore to Malaysia IR

Company branding gain its fame for its fleet of vehicles and drivers are safety first in priority.

Company had good business relationship with Malaysia Resorts since the 80’s when the company is the pioneer travel agency to operate daily Tour Packages from Singapore and Malaysia

Company has excursion bus permits cross border into Malaysia for tour purpose and renewal yearly.

Business Operation

1100 - 2100
Business Hour
Nil
Facilities
branding is a reputable and reliable
New, clean and comfortable coaches to provide service
Competition
With the world class themepark to open early 2016 in Malaysia. Expected business will increase 200-300% to current. Implementing more coaches to deliver the visitation figures will gain more profits
Expansion Potential
Yes. 3 to 6 months
Support and Training
need further investment to build up the size of the coach fleet to cope with business expansion to gain more profits in 2016 with Malaysia World famous themepark to open
Background & Skills

Property Information

Rent
Premise Status
1
Lease Term
Yes, it can relocate to other place
Relocatable
/

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