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Listing ID: 1207 Total Viewed: 31491

Highly Profitable GPS Tracking Business For Sale

Geylang, Singapore

Asking Price : SGD190,000

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2011

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

Reason To Sell
Generate more income.
Business Description

Highly profitable GPS tracking business for sale. Currently Singapore's Government is encouraging local SMEs with vehicles to adopt this technology to improve productivity. Currently Government is subsidising this technology through the followings: 

- SPRING Singapore (ICV) - Government pay for first $5000 of the purchase. 

- IRAS (PIC) - Government pay for 60% of the cost incurred. 
- IDA (iSprint) - Goverment pay for 70% of the cost incurred. 

With these funding, our products are selling like hot cakes. We have been in business since 2011 and our products and solution are proven to work. The margin for each tracker is about 500%. There are only a handful of similar business around due to the fact that this business requires very specialised knowledge.

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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