Businesses For Sale in SingaporeSingapore

Listing ID: 3121
Total Viewed: 6135
Last Refreshed: 03/01/2019

Highly Profitable GPS Tracking / Fleet Management Business For Sale


Asking Price : SGD3,000,000

Revenue: SGD100K - 200K

Cash Flow: SGD100K - 200K

Payable: Not Disclosed

Established: 2014

Gross Profit: SGD100K - 200K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD50K - 100K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

Reason To Sell
Too much sales to handle
Business 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 Operations
Business Hour:
mon to fri 10-6
Property Information
Premise Status:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home

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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