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Listing ID: 2533
Total Viewed: 3232
Last Refreshed: 22/01/2017

Established Well Known Car Dashcam & Accessories Online Business Up For Sale (Qoo10.sg Power Seller)

Singapore

Asking Price : SGD80,000

Revenue: SGD100K - 200K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2011

Gross Profit: SGD20K - 50K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: SGD20K - 50K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

***NOT included in asking price

Reason To Sell
Medical Condition
Business Description

Established well known car dashcam & accessories online business up for sale to potential genuine buyer.


S-Auto Engrg & Trading (aka my-car-blackbox) 


Active on below online platforms:

>> Qoo10 (Power Seller) - www.qoo10.sg/shop/mycarblackbox

>> Ebay - www.ebay.com.sg/usr/my-car-blackbox

>> Webstore - www.mycarblackbox.net

>> Carousell - https://carousell.com/my-car-blackbox/

>> Gumtree - https://www.gumtree.sg/u-seller-listings/my+car+blackbox/v1u106754194p1

 

Main Product:-

> World leading and Korea No.1 dashcam brand with exclusive authorised dealership on Qoo10.sg 

> World Leading vehicle Tyre Pressure Monitoring System (TPMS) brand with exclusive authorised dealership on Qoo10.sg 

> Motorcycle blackbox brand sole-distributor (trademarks ownership) with exclusive authorised dealership (mainly for corporate)

> 5D car mat exclusive authorised dealership on Qoo10.sg coming soon


Other Products:-

> Wifi to mobile phone reverse camera

> DIY car door projector welcome light

> LED lights

> Daytime Running Light (DRL)

> Universal exhaust muffler

...etc

 

Though is an online business but proper small office with some storage space will be most ideal for this business unless you are comfortable to have customer visiting your home if you prefers home based (home based save rental of min $6k annually which means additional $6k profit). This is because the customers are not restricted to online purchases only. There are many that still feels more secured to see physical product and prefer cash & carry which means higher profit margin not cutting commission to platforms. I also do installation for car dashcam at additional labour charge which is pure profit. As I only have a small office not a workshop, installation is usually done at the open carpark of my office building unless raining which will have to shift to a nearby multi-storey carpark. Or customer may also request for mobile installation at additional charges. So it will be added advantage if you have a auto workshop.


I am running a one man show as a side business, mainly sell & install car dashcam and TPMS that can earn min $30~40k net profit annually. I also owns a motorcycle video camera registered trademarks brand. Profitability 25~200% for direct sales depending on product, and profit 20~80% after platforms commission cuts if sales made via Qoo10 or webstore etc. 70~80% of sales is via Qoo10.sg. Sales of dashcam and TPMS alone on contributes majority of the profit. Around $130K sales annually was made with about $80~100k sales was via Qoo10.sg. Net profit earning after rental and stock was $43k for 2015 and $30k for 2016 (a slow year for most business but not bad for a side business). The figures provided is annual average as monthly income differ, sometime more sometimes less. I am a conservative person and never intend to expand the business since I am already contented with how much I am earning. If you are ambitious, hard working and increase the products line or even expand with workers, $60~120k annual profit earning is no problem.


It took me more than 3years starting from scratch to become a now established online business and Qoo10 Power seller status. Being a one man show, there is only this much I can do. And sadly I do not trust having any partnership (due to bad experience) and neither do I trust hiring workers. So with my medical conditions, it is a matter of time that I can no longer handle the business like before and I do not want to see my business go wasted.


>>Individual who wants to start own business but to start from scratch will takes you years to be success and we are talking about Power Seller grade here- THIS IS BUSINESS IS FOR YOU!

>>Existing car audio and accessories workshop who wants to expand to online market and dealership for reputable products brand - THIS IS THE ONE FOR YOU!

>>Those who looking to venture into dashcam and car accessories business but are clueless - THIS IS JUST WHAT YOU LOOKING FOR!


The asking price will includes:

> Transfer of business ownership (currently sole-propietor)

> Transfer of online plaforms accounts (Webstore, Qoo10, Ebay, Carousell, Gumtree)

> Transfer of paypal account

> Transfer of trademarks ownership

> Introducing of distributors, suppliers and dealers

> Training of product knowledge and dashcam installation (1month if needed)

> Guiding for usage of online platforms (1month)

> Guiding for costing/ pricing (1month)

> All existing goods

> Office premises subject to negotiation with landlord (small office but cheap rental though) or you can find your own premises or home based


Important:

> 50% deposit to confirm taking over the business and transferring of business ownership in ACRA

> 50% balance to be paid to transfer all platforms accounts


Interested party please contact 97948532 or sean.7six@yahoo.com.sg


**Note:

Do not bother to contact me at all if you are not comfortable with the asking price. If you are expecting to buy any business at very cheap price and thinking that your can breakeven in very short period without hardwork then don't bother contacting me. I am not interested to hear your bargaining. I ask for the amount I deem my business worth with it's potential for people who understand business. The figure I am earning is the what I am comfortable with which doesn't mean it cannot make more than that. It can be 3~4times the amount if you are more ambitious.

Business Operations
Business Hour:
9.30am~6pm
Preferred Skills:
>Experience in dashcam installation and knowledge >Interest with online selling >No experience welcome, training provided
Supporting and Training:
>Introducing of distributors, suppliers and dealers >Training of product knowledge and dashcam installation (1month if needed) >Guiding for usage of online platforms (1month) >Guiding for costing/ pricing (1month)
Staff:
Not Disclosed
Property Information
Premise Status:
Work At Home
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home

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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