Listing Id: 29227
Last Refreshed: 29/01/2024
Total Views: 1992
(Expired)Car Leasing Firm For Sale
Central AreaAuto DealersCar RentalCar Washes and Grooming
Asking Price: S$1M - 5M
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
Commercial Street
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Premise Size
994 sqft / 92 sqm
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Monthly Rental
S$2,450
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Rental Desposit
S$4,900
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Revenue
S$50K - 100K
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Liability
N/A
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Gross Profit
S$10K - 20K
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Net Profit
N/A
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
3
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Established
2010
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Source
Direct Seller
Reason For Sale
Migrating Overseas
Description
Profitable car leasing frim for sale. High potential for growth with existing clients. The average net value (current market price less the outstanding loan) of each car is 30 K - 40K. 40% of cars are fully paid. So total value is 1.2 million based on 30 cars.
In addition Please see below:
-breakup of costs: 50-60K sales per month. 45-50K in costs are for maintenance, Car loans, Road Tax, Insurance and salary etc
-90% of cars leased out at any point in time
-corporate leases: 20%
-average age of the fleet: 5 years comprising 70% Jap cars and the balance are conti.
In summary, I am looking at $2million for this sale. If you are keen, we can meet to discuss. Thanks
Daniel
93214602
Singapore