Singapore  Singapore

Sell a Business

Listing ID: 14583 Last Refreshed: 07/05/2019 Total Views: 5112

Chartered Bus Service Business For Sale

Tampines

Asking Price: S$3,900,000
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$1,200 Rental Desposit S$1,200***
  • Revenue N/A Cash Flow S$20K - 50K
  • Gross Profit S$200K - 500K Net Profit S$230,000
  • Stock N/A Liability N/A
  • Payable S$242,000*** Receivable N/A
  • FFE S$5,000*** Established 2010
  • Owner Role Full Time Staff 17
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Email Owner

Reason For Sale

Health Issue and want to rest

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 Operation

Flexible
Business Hour
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.
Facilities
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.
Competition
New routes and licenses can be applied by making market surveys where the seller can assist the buyer.
Expansion Potential
Proper training in dealing with the licensing officials, routes, staff, etc will be
Supporting and Training
Operational skills
Background & Skills
Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
1year
Lease Term
Renewable every year. Seller can handle all works remotely and can also work from home.
Premises Details
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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