Businesses For Sale in SingaporeSingapore

Listing ID: 12756
Total Viewed: 4379
Last Refreshed: 19/09/2018

Foreign Exchange ( Retails) Investor

Central Area

Asking Price : SGD1M - 5M

Revenue: Above SGD1M

Cash Flow: SGD200K - 500K

Payable: Not Disclosed

Established: 2010

Gross Profit: SGD500K-1M

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD200K - 500K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 11

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

Reason To Sell
Business Expansion
Business Description

We are a investment holding company managing retail foreign exhange business. 

With over 20 yrs of experience in operating the business , we have 3 outlets around Singapore which is located in Raffles , Chinatown and Orchard. 


Though epayment is more available now , but the demand for cash is still high. 


And so with high demand in market in our 3 re tails outlet , we would like to souce for investor to allow us to have sufficient funding to upgrade our business to wholesales level with capablilty to do bulk purchase on the supplys with better profit margin. 



We are capable to ensure a monthly return of 1-2% depending on the amount of investment pump in . 


Do contact us for more information.


Business Operations
Business Hour:
24 hours
Preferred Skills:
Finance and trading background
Supporting and Training:
In house compliance and operation training
Staff:
6 Local, 3 Foreigners, 2 Part Time
Property Information
Premise Status:
Rent
Rental Fee:
SGD0
Other Information
Facilities:
Minimart 2 outlet at Orchard
Competition:
The rest of Retails Foreign Exchange outlet
Expansion Potential:
Wholesaler to Distributor, Perhaps expansion to management of Remittance outlet in 2 yrs time.
Seller Financing Available:
Yes

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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