Businesses For Sale in SingaporeSingapore

Listing ID: 4493
Total Viewed: 7128
Last Refreshed: 03/01/2019

Highly Profitable Electric Scooter Retailer Looking For Investors


Asking Price : Available On Request

Revenue: Above SGD1M

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2015

Gross Profit: SGD500K-1M

Inventory: SGD200,000***

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 16

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

***NOT included in asking price

Reason To Sell
not selling, looking for partner
Business 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)

Business Operations
8 Local, 8 Part Time
Property Information
Premise Status:
Premise Size:

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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