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Listing ID: 751 Total Viewed: 12829

Established Bicycle Leasing Business For Sale

Bedok, Singapore

Asking Price : SGD200K - 500K

Revenue: SGD100K - 200K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2014

Gross Profit: SGD100K - 200K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD140,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 8

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

Reason To Sell
Owner expanding business into Australia
Business Description

Established Bicycle Leasing Business For Sale


Operating in Singapore since 2014 with growing turnover year on year.


Bicycles are leased primarily for public events, school events and on private assignments.


Annual profit to working owner consistent for $140,000 per year for 2016 at 87% of turnover.


Verified financial statements available to approved purchasers.


The business suits an operator experienced in the cycle industry or someone wanting a new challenge.


Alot of the hardwork has been put in and a new owner should develop on the existing collaborations with established brands and government agencies in Singapore for the past 3 years. The business has been part of major national events along with multiple community-level events across Singapore.


The existing owners have taken up a major business offer in a related industry in Australia and would release this business opportunity to the right candidate.


Stock includes close to 100 unique bicycles and two portable bicycle housing containers.


Interested parties, please submit your interest. Confidentiality agreement needed prior to release of financial statements.



Business Operations
Staff:
2 Local, 6 Part Time
Property Information
Premise Status:
Rent
Rental Fee:
SGD0

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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