Businesses For Sale in SingaporeSingapore

Listing ID: 5183
Total Viewed: 4891
Last Refreshed: 13/11/2018

Enterprise Singapore Certified Management Consultancy/Software House

Kallang/Whampoa, Singapore

Asking Price : S$1,000,000

Revenue: S$500K-1M

Cash Flow: S$50K-100K

Payable: SGD0***

Established: 2011

Gross Profit: SGD500K-1M

Inventory: SGD0***

Receivable: SGD200,000***

Owner Role: Full Time

Net Profit: SGD200K - 500K

Liability: SGD0***

FFE: SGD50,000***

Staff: 6

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

***NOT included in asking price

Reason To Sell
Series A Seed capital injection by VC required owner's focus in ASEAN region
Business Description

The company is looking for acquirer (100% for 1,000,000 SGD or 20% @ 200,000 SGD) 


Only IT Mangement Consultancy company with a full-fledged Software development house, certified under Singapore Government Agency Enterprise Singapore for sale in the market.



The company has been running for almost 7 years focusing on providing Management Consultancy and IT Solutions (web/ mobile/ enterprise) to local SMEs. (199000 SMEs registered in Singapore). There are currently only close to 500 Singapore Certified Management Consultant in Singapore.  

Company is listed under the Enterprise Singapore Certified Approved list of Management Consultants. Company has been featured on Money FM 89.3 on February 2018 for an interview of the availability grants catering to SMEs.


Clients are mainly in Singapore and Malaysia. 

(12 projects size averaging 50k each per year approx. Without counting those small project averaging at 10K each)


Man-power is > 5 staffs. One Management Consultant, One Project Manager, Three developers and One Admin. Good working relationship with a few development partners.  


Strengths:

- Company has a lean work force and has been profitable for the past few years. 

- Currently it generates sales around 500,000 SGD / year and profit around 300,000 SG/ year. (Sales increased 15% / year since 2012)

-Receiveables for Year 2018 is standing at 200K SGD.

-Localized Full-fledged ERP system deployed over many SMEs including E50 SME within Singapore. 

- Pending Business deals: 15K and 90K customized inventory management system. 

- Certified Managment Consultant support, able to write/submit proposal for single project size within SGD 1 Million limit. Management Consultant will be able to sign an employment contract with the existing company with a bond of 24 months at a payroll of 8K per month. Each proposal written by the management consultant is charged to clients between 3.5K to 30K, depending on the complexites involved and hours taken. Management consultant is getting up to 3 inquiries on proposals inquiries on a weekly basis. Complex proposal writing take 2 weeks and normal proposal writing take 3 to 5 days. Additional income for new acquirer. 

- Monthly payroll is standing at 16k per month


New acquirer can explore expanding the inhouse development force and sales team in IT solution sector.  



Website: www.knkit.sg


Please contact for details

+65 88268513 (Mr.Teng)


Business Operations
Business Hour:
930am to 630pm
Preferred Skills:
Good communication skills, able to deal with stakeholders of SMEs
Supporting and Training:
Training and support will be provided for 6 months
Staff:
3 Local, 2 Foreigners, 1 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1000sqft
Rental Fee:
SGD1,500
Rental Deposit:
SGD0 (included in selling price)
Lease Term:
2
Premises Detai:
Fully furnished office premises
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Office equipments
Competition:
Other Software houses providing similar services. Approved management consultant has the ability to close the sale as grants approval require the involvement of such personnel.
Expansion Potential:
Moving into Adult Learning to impart IT knowledge for PMETs and be appointed as WTO service provider. Move into ASEAN region with developed Off-the-shelves systems on SAAS platform

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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