Singapore  Singapore

Sell a Business

Listing ID: 3121 Last Refreshed: 07/05/2019 Total Views: 7360

Highly Profitable GPS Tracking / Fleet Management Business For Sale

Geylang

Asking Price: S$3,000,000
Highly Profitable GPS Tracking / Fleet Management Business For Sale
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue S$100K - 200K Cash Flow S$100K - 200K
  • Gross Profit S$100K - 200K Net Profit S$50K - 100K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2014
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Lim Chee Wee
Email Owner

Reason For Sale

Too much sales to handle

Description

Highly profitable GPS tracking / Fleet Management 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 40% of the cost incurred. 
- IDA
(iSprint) - Goverment pay for 70% of the cost incurred. 

We are a Pre-Approved Vendor appointed by Government agencies. Meaning to say that local SMEs will pay $0 to purchase our system. With this give away, our products are selling like hot cakes. We have been in
business since 2014 and our solutions are proven to work and are highly recgonised by both SMEs and our Government. The
margin for each tracker is about 500%. There are only a handful of similar business around with similar set up.


As our main infrastructure is cloud based, the business can be easily scale up with minimum cost. Eg, you can add another 1000 new customers at almost no additional cost. The business can also easily be set up all around the world with minimum set up cost. 


You may want to ask the million dollar question, if the business is so good, why would I want to let go? Let's be frank about it, I have other multi million dollar business to manage. I started this business as a part time business but things got serious and I am overwhelm by the sales. Workload is getting heavy and I do not have time and commitment to bring it to a higher level. 


For interested buyers, I will provide letter of appointment by Government agency, customer details and payment records. All records are submitted to Government for audit thus all are genuine. 


The selling price does not include property under the company. It is purely for the existing business with full customer base only.

Business Operation

mon to fri 10-6
Business Hour

Property Information

Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
Email Owner
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