Singapore  Singapore

Sell a Business

Listing ID: 2897 Last Refreshed: 07/05/2019 Total Views: 6777

Bridal / wedding Business Seeking Partners Or Investors

Singapore

Asking Price: Under S$50K
Bridal / wedding Business Seeking Partners Or Investors
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue S$100K - 200K Cash Flow S$10K - 20K
  • Gross Profit S$50K - 100K Net Profit S$50K - 100K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2010
  • Owner Role Part Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
kelly kwa
Email Owner

Reason For Sale

Expansion

Description

Hi, my wedding studio is around five years old now. It is running very steadily and smoothly, but I think it is time to grow the business further. 


Currently, we do wedding packages with gowns, photography, makeup services and videography. We have an active facebook page with near seven thousand of followers, a functional website and studio. 


I am looking for silent partner or investors:

- You will not interfere with how I run the business. You will come out with the capital, and I will be in charge of hiring and advertising. The business worked because of how I run it. So if you are intending to run it like a dictator, you probably shoud buy the entire business instead. 


For silent partners (You do not have to do anything in the business, I will pass you whichever profit made every year according to %)

- S$35k per 10% stake (Realistically, this would take you around 3-5 years to break even. Unless something bad happens and no one wants to get married suddenly.)

- You are allowed to sell your stake to whoever interested anytime, as long as he/she is a be a credible person. Eg if you handed me 35k today, and your friends wants to buy from u at 20k per 5% tomorrow, u earn 5k in 1 day.


For investors that do not want a stake, but looking for returns only:

- 25k minimum investments for 5% returns per year (1k per year). 

- You have to keep your investments with us for 2 years minimum; and 5 years maximum. You could get your 10k investments back during the first year, and the balance from second year onwards. For example, you invested 50k in us, and on the 5th year, you decided to withdraw all your investments. That would give you 50K (your initial investment) + 12.5K = 62.5k. 

- This is a lot higher than you storing your money in the bank or buy insurance. Because your bank will only pay you far below 1%, while other insurance related funds only gives you 2 - 4% max. 

- So this option has absolutely no risk at all. 


I consider the rates above very reasonable. This business is very safe and steady, unlike you purchasing a new business, you are investing in a owner that knows the industry and has proven success. You are not putting down a lum sum to enter a new business that you don't understand, or risk to lose everything. For that reason, I am not interested in anything lower than the above sums. 


Please contact me with your contact number if you are interested!! If you are keen on purchasing the entire business, I am open too, but you have to be credible. I built my business based on integrity, and I have to make sure that my clients are in good hands. 

Business Operation

Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
Email Owner
Your Name*
Mobile Number*
Email*
Message

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