Businesses For Sale in SingaporeSingapore

Listing ID: 3613
Total Viewed: 4250
Last Refreshed: 19/09/2018

Divesting 50% Stake In Highly Profitable Lifestyle Products Distribution Company

Queenstown

Asking Price : SGD1M - 5M

Revenue: SGD4,700,000

Cash Flow: SGD500K-1M

Payable: SGD350,000

Established: 2013

Gross Profit: Above SGD1M

Inventory: SGD800,000

Receivable: SGD240,000

Owner Role: Part Time

Net Profit: SGD500K-1M

Liability: SGD550,000

FFE: SGD100,000

Staff: 14

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

Reason To Sell
Cashing out to pursue bigger business ventures
Business Description

The company whose shares are being divested is the dream of any business start up.


Founded in 2013, the company was started as a 50/50 joint venture between 2 partners to test the market for an innovative new product. One partner is passive, owns an existing distribution company, and provided a ready-made platform to launch the product and incubate the new business. The other partner is the CEO, and is a newcomer, with the time and energy to grow the business aggressively.


The business opportunity turned out to be a gold mine, and the company was profitable and had positive cash flow within the 1st month of operations. Sales skyrocketed rapidly, and by 2016 the company hit a revenue of almost $5 million, with a net profit of almost 15%. We are talking about NET profit, after deducting all cost of goods, rentals, salaries, bonuses and director fees.


It is now one of the market leaders in the industry, occupying a very comfortable niche with a very well-known brand. Most of the sales are generated from the website, with a healthy portion coming in from various dealers as well. The market it operates in is still going to be one of the fastest growing industries in Singapore, despite the poor economic outlook. Overseas sales are growing as well and also making a healthy profit.


The passive partner is now looking to divest his 50% share of the company to pursue other business ventures. The company has been hugely successful and has great prospects, but it grew big very quickly, so many back-end processes such as inventory control, human resource, financial control etc. still need to be improved.


A most suitable buyer would be one with good organisation skills and financial prudence, able to help the CEO build a stronger and more organised company, and bring the business to the next level.


Looking for serious buyers only. Please provide an indicative offer when you make contact, keeping in mind that this is only 50% of the company, so your offer should only be 50% of your valuation of the company. 



Business Operations
Business Hour:
Mon - Sat
Staff:
10 Local, 2 Foreigners, 2 Part Time
Property Information
Premise Status:
Rent
Premise Size:
2700sqft
Rental Fee:
SGD5,600
Rental Deposit:
SGD16,800 (included in selling price)
Lease Term:
3 years
Premises Detai:
Unit in an industrial building, housing a showroom, office, workshop and warehouse.
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
2 x company vans
Competition:
Only 1 major competitor, comparable in sales, but very much less profitable.
Expansion Potential:
Very strong online marketing, can expand overseas.

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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