SGD10K - 20K
SGD5K - 10K
Reason To Sell
National Service Commitment
Company Name: VARENTA Cycles
Number of employees: 1
Total Monthly Expeneses: 2500$-2700$
Monthly Revenue: 25000$-35000$
Reason for sale/takeover: National Service commitment
Takeover amount: SGD$100,000
What we offer to customers:
* Bike customization built
* Retail Sales of Bike components
* Custom bike frame paintjob
* Bike customization decals
* Mechanic Repairs/Servicing
* High-end mountain bike rental
* Parallel import of almost any brands w/ 15-40% gross margin
* Competitive pricing compared to international online retailers & local bike shops
* Low overheads with sufficent advertising
* One man operation
* Variety of services relating to bicycle, one stop service
* 2nd-hand components/parts/etc
What you would get after taking over:
* 1-2month crash course of bike repair/servicing
* Complete handover of bike product knowledge in terms of components, etc.
* Entire stock & mechanic tools
* Retail shop & partitioned back storage w/ sublet option
* Complete handover of supplier/agent contacts of services to customers.
* Complete handover of customer base
* Long-term & short term plans of the business
* I would be helping out in retail operation/mechanic works/supply purchase/advisor for 3months without taking any salary.
I'm a 20yr old entrepreneur whom founded this company last year and before that has 4years of bike experience. With national service coming up soon, I would like to retire entirely from cycling industry and venture into other areas while i'm still young.
About the industry:
Our local distributors has poor profit margins to retailers & has frequent stock-out issues.
Seeing this as a opportunity I started out home base but ended up expanding into a mountain bike retail boutique after feeling confident with my current customer base, using word of mouth & advertising through social media & after receiving many neighbour complains
1.30pm - 10.30pm
Supporting and Training:
SGD4,000 (included in selling price)
Yes, it can relocate to other place
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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