Singapore  Singapore

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Listing Id: 4493 Last Refreshed: 07/05/2019 Total Views: 10011

Highly Profitable Electric Scooter Retailer Looking For Investors

WoodlandsAuto Accessory ShopsEcommerce Websites and Online Stores
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue > S$1M Liability N/A
  • Gross Profit S$500K-1M Net Profit N/A
  • Stock S$200,000 FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 8
  • Established 2015 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
tan
Email Owner

Reason For Sale

not selling, looking for partner

Description

We are an online distributor of electric scooters, we have been in business for over 3 years

We are GST registered (> 1 million in revenue last year)

Selling electric scooters in singapore can be very profitable but also complicated

We have seen good profits over the years but also had a fair share of issues (e.g. scooter repair, modifications, replacement of parts, bringing in the right models, etc.)

We have our own warehouse, workshop area, tools, spare parts (for limited ,models), technician and website
We have around 12 dealers with physical shops in Singapore

We are looking for partners who believe in the future of electric vehicles and willing to invest for the future

Our strength lies in our online brand, online and offline distribution channels

Note: if you're keen you can let us know your background and how you think you can contribute (we would prefer if you provide more info about yourself)

Property Information

Rent
Premise Status
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