Singapore  Singapore

Sell a Business

Listing ID: 1409 Last Refreshed: 07/05/2019 Total Views: 14128

Almost 4 Decade Singapore Travel Agency For Sale

Kallang/Whampoa

Asking Price: S$200K - 500K
  • Premise Type N/A Premise Size 280sqft
  • Monthly Rental S$1,600 Rental Desposit N/A
  • Revenue N/A Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability S$450,000***
  • Payable N/A Receivable N/A
  • FFE N/A Established 1976
  • Owner Role Full Time Staff 2
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Vanessa Ang
Email Owner

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
Supporting 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
Email Owner
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