Businesses For Sale in SingaporeSingapore

Listing ID: 2693
Total Viewed: 12232
Last Refreshed: 03/01/2019

Profitable Software / Mobile App IT Company Looking For Investor

Central Area

Asking Price : SGD500K - 1M

Revenue: SGD500,000

Cash Flow: SGD20K - 50K

Payable: SGD10,000***

Established: 2012

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: SGD80,000***

Owner Role: Full Time

Net Profit: SGD150,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 18

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

***NOT included in asking price

Reason To Sell
Business Description

We develop cutting edge Software solutions for our clients.  Our solutions target Small and Medium Entreprises (SME) which requires technology to improve their business sales, productivity thereby enhancing their competitive edge.

Due to rising costs and tight labour market, companies are in need to increase their productivity and boost their sales. The evolution and increasing popularity of Cloud solutions, Mobile apps, open source technologies are pivotal considerations for businesses looking to increase their edge over competitors

We expect a high profitability based on our plan to key in on businesses as we already have a strong pipeline of customers expressing the need for such services and products to the software manufacturer. Our management is experienced in dealing with corporate decision makers and our technical expertise in software development ops will be the cornerstone of our success. 

We are currently profitable and cash flow positive. We are seeking a SGD 500,000 dollar investment to assist in covering manpower costs, development cost, research and development cost and marketing expenses 

Business Operations
6 Local, 12 Foreigners
Property Information
Premise Status:
Premise Size:
Rental Fee:
Other Information
There is high barrier of entry as IT development business requires very stong and professional skill set
Expansion Potential:
Very High

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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