Businesses For Sale in SingaporeSingapore

Listing ID: 4226
Total Viewed: 2742
Last Refreshed: 19/09/2018

Event Photography Agency For Sale

Serangoon

Asking Price : SGD900,000

Revenue: SGD20K - 50K

Cash Flow: SGD20K - 50K

Payable: Not Disclosed

Established: 2016

Gross Profit: SGD10K - 20K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD10K - 20K

Liability: Not Disclosed

FFE: SGD100,000

Staff: 22

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

***NOT included in asking price

Reason To Sell
No time to run as starting full time job soon
Business Description

Summary

Instantly.sg is a one stop event photography agency that helps event organizers market their brand and delight their guests through customised event photography solutions. We are established in year 2015 (incorporated in year 2016) and have since served many reputable clients like Apple, Dior, SIA and TigerAir. Our main core service is our Photo Booth service. However, in recent years, we have diversified and introduced many more innovative services. Namely, Dubsmash booth (first and only company in Singapore to do it), Smart Rovers Instant Print, 180 Time Stop Booth etc. Most of these services are built and developed in house from scratch. As such, customisation can be easily done.


Revenue Growth

- Year 2015: $215K

- Year 2016: $302K (growth of 40%)

- Year 2017: projected to be at least $317K


Number of events

- Year 2015: 270

- Year 2016: 319 (growth of 55%)


Clients

- 70% corporate clients

- 30% weddings / kids parties


Marketing Chanels

- Strong SEO

- Rank first page for a large number of keywords on Google

- Contribute about 70% of sales

- Word of mouth / Referral

- Contribute about 10% of sales

- Partnership

- With event companies

- Contribute about 20% of sales 


Equipment / Inventories

- At any one time, we are able to run 5 services at the same time

- Because of the flexibility of our system, we can easily scale up if need be by renting equipment


Other valuable connections

- Backdrop manufacturer contacts

- Props manfucturer contacts

- Photographer contacts

- Videographer contacts

- Good part timers contacts

- Delivery driver contacts


Operations

- Documented training guides on how to set up each service

- Work flow on managing each event


Manpower

- 1 x Account Manager

- 1 x Designer

- 1 x Operations Executive


Who should buy this business

- Event companies who are looking at increasing their product/service range to boost revenue/profit

- Those who wants to have a good side line income. Most events are during weekends.

Business Operations
Business Hour:
10am to 7pm
Preferred Skills:
Photography, IT
Supporting and Training:
Owner will provide one year of full support/training
Staff:
2 Local, 20 Part Time
Property Information
Premise Status:
Rent
Premise Size:
649sqft
Rental Fee:
SGD1,500
Rental Deposit:
SGD1,500 (NOT included in selling price)
Lease Term:
2 years
Premises Detai:
16 Shaw Road, #04-03, Singapore 367954 Fully air conditioned Near to Tai Seng MRT (5-10 min walk)
Other Information
Facilities:
5 x cameras (1 x 70D and 4 x 700D) 5 x photo printer (2 x Double Deck Printer, 3 x Single Deck Printer)

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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