Businesses For Sale in SingaporeSingapore

Listing ID: 14583
Total Viewed: 571
Last Refreshed: 30/10/2018

Chartered Bus Service Business For Sale

Tampines, Singapore

Asking Price : S$3,900,000

Revenue: Not Disclosed

Cash Flow: S$20K-50K

Payable: SGD242,000

Established: 2010

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD230,000

Liability: Not Disclosed

FFE: SGD5,000

Staff: 20

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

Reason To Sell
Health Issue and want to rest
Business Description

Well profitable transport business with $230k profit per annum is for sale as the owner having some health issues and want to rest.  All the licenses issued by LTA and PTC can be transferred. All the routes and services all set. Just need to monitor. Can train the buyer till he/she is confident enough to handle. 

Business Operations
Business Hour:
Flexible
Preferred Skills:
Operational skills
Supporting and Training:
Proper training in dealing with the licensing officials, routes, staff, etc will be
Staff:
14 Local, 3 Foreigners, 3 Part Time
Property Information
Premise Status:
Rent
Rental Fee:
SGD1,200
Rental Deposit:
SGD1,200 (included in selling price)
Lease Term:
1year
Premises Detai:
Renewable every year. Seller can handle all works remotely and can also work from home.
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home
Other Information
Facilities:
10 company owned buses with inbuilt cameras that can assist in monitoring and safeguard from any accidents. All the buses can be tracked using an application which shows live videos of all the buses including the speed at which the driver is driving. 3 school contracts and 3 company contracts can also be transferred.
Competition:
There are only two bus operators in Changi Business Park who were issued license to operate the Premium Bus Service and we are one of them. Even with the competition, we are able to make good profits due to different routes.
Expansion Potential:
New routes and licenses can be applied by making market surveys where the seller can assist the buyer.
Seller Financing Available:
Yes

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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