Businesses For Sale in SingaporeSingapore

Listing ID: 4725
Total Viewed: 15007
Last Refreshed: 03/01/2019

Car Export Business To 25 Countries To End Buyer Not Importer

Central Area

Asking Price : SGD50,000

Revenue: Above SGD1M

Cash Flow: SGD200K - 500K

Payable: Not Disclosed

Established: 2015

Gross Profit: Above SGD1M

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Above SGD1M

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

Reason To Sell
Looking for potential investor
Business Description

In the year of 2016 December, a car rental company who had 20 cars that is due for scrapping as their car’s COE (certificate of entitlement) were coming to an end. They called up scrapyards, online “exporters” who promised to offer high price for car body but end up offering nothing for their first due to scrap vehicle (Mitsubishi Colt Plus). Nothing, meaning zero dollars, and the so-called “exporter” will do up the necessary car disposal paperwork for the exchange of their car.


Many direct car owners had the exact same predicament when comes to scrapping their cars. Ridiculous car prices offered by scrapyards/exporters are simply frustrating.


Can you believe it? This is exactly what is happening in Singapore at the moment. Singapore, who ranked the most expensive place in the world to own a car, is also one of the cheapest places to buy a 10 years old car. How can the disparity be so big? Who is controlling all these car body prices?


One of the contributing factors to the feasibility of such export include Singapore's strict motor-vehicle inspections and high depreciation which make such vehicles worth very little in Singapore after ten years of age, and strict Transport regulations that make renewing vehicle COE very expensive in Singapore.


Hence we need a solution and we saw an opportunity. We know we have to do something. We need to make a difference in this industry because it will benefit a lot of car owners out there.

Congradulations if you are still reading, that means you saw the opportunity in our business as well.

We are not just words, we have already built the online website equipped with many advance functions that enables car owner to directly sell not just to importer but we are talking about the end user which is the car buyer. We are eliminating all middleman who has been exploiting the used car market for close to 20 years now.

Please see screenshots for our website.

We have in fact secured 6 major singapore car exporters, (they will be using our platform to post their cars) as currently they are using a japan export car website. See? We dont even have a website that enables car owner to sell their cars directly. In the world, japan is the market leader for exporting their japanese cars, its not that they are cheap, in fact singapore cars are the cheapest in the world after 10 years old. But we simple do not have the avenue to sell to the world, with our platform, be sure that this will change the car selling price from now on.

Currently we need $50k investment for our online sever (as we need massive fast sever with the database that we are having), employing operation staff for car inspections for the car owners as we need a detailed report of car condition, export staff and marketing staff support.

If you excited somehow just by reading this, PM us and we can see how we can collaborate on a win win basis! Thank you for your time and talk soon.

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