Singapore  Singapore

Sell a Business

Listing ID: 5183 Last Refreshed: 07/05/2019 Total Views: 11480

Enterprise Singapore Certified Management Consultancy/Software House

Kallang/Whampoa

Asking Price: S$1,000,000
  • Premise Type N/A Premise Size 1000sqft
  • Monthly Rental S$1,500 Rental Desposit S$0***
  • Revenue S$500K-1M Cash Flow S$50K - 100K
  • Gross Profit S$500K-1M Net Profit S$200K - 500K
  • Stock S$0 Liability S$0
  • Payable S$0 Receivable S$200,000
  • FFE S$50,000 Established 2011
  • Owner Role Full Time Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Teng Teck Leong Kingsley
Email Owner

Reason For Sale

Series A Seed capital injection by VC required owner's focus in ASEAN region

Description

The company is looking for acquirer (100% for 1,000,000 SGD or 20% @ 200,000 SGD) 


Only IT Mangement Consultancy company with a full-fledged Software development house, certified under Singapore Government Agency Enterprise Singapore for sale in the market.



The company has been running for almost 7 years focusing on providing Management Consultancy and IT Solutions (web/ mobile/ enterprise) to local SMEs. (199000 SMEs registered in Singapore). There are currently only close to 500 Singapore Certified Management Consultant in Singapore.  

Company is listed under the Enterprise Singapore Certified Approved list of Management Consultants. Company has been featured on Money FM 89.3 on February 2018 for an interview of the availability grants catering to SMEs.


Clients are mainly in Singapore and Malaysia. 

(12 projects size averaging 50k each per year approx. Without counting those small project averaging at 10K each)


Man-power is 8 staffs. 1 Management Consultant, 1 Project Manager, 4 Software Developers, 1 Support Staff and 1 Admin. Good working relationship with a few development partners.  


Strengths:

- Company has a lean work force and has been profitable for the past few years. 

- Currently it generates sales around 500,000 SGD / year and profit around 300,000 SG/ year. (Sales increased 15% / year since 2012)

-Receiveables for Year 2018 is standing at 200K SGD.

-Localized Full-fledged ERP system deployed over many SMEs including E50 SME within Singapore. 

- Pending Business deals: 15K and 90K customized inventory management system. 

- Certified Managment Consultant support, able to write/submit proposal for single project size within SGD 1 Million limit. Management Consultant will be able to sign an employment contract with the existing company with a bond of 24 months at a payroll of 8K per month. Each proposal written by the management consultant is charged to clients between 3.5K to 30K, depending on the complexites involved and hours taken. Management consultant is getting up to 3 inquiries on proposals inquiries on a weekly basis. Complex proposal writing take 2 weeks and normal proposal writing take 3 to 5 days. Additional income for new acquirer. 

- Monthly payroll is standing at 16k per month


New acquirer can explore expanding the inhouse development force and sales team in IT solution sector.  



Website: www.knkit.sg


Please contact for details

+65 88268513 (Mr.Teng)


Business Operation

930am to 630pm
Business Hour
Office equipments
Facilities
Other Software houses providing similar services. Approved management consultant has the ability to close the sale as grants approval require the involvement of such personnel.
Competition
Moving into Adult Learning to impart IT knowledge for PMETs and be appointed as WTO service provider. Move into ASEAN region with developed Off-the-shelves systems on SAAS platform
Expansion Potential
Training and support will be provided for 6 months
Supporting and Training
Good communication skills, able to deal with stakeholders of SMEs
Background & Skills

Property Information

Rent
Premise Status
2
Lease Term
Fully furnished office premises
Premises Details
Yes, it can relocate to other place
Relocatable
Email Owner
Your Name*
Mobile Number*
Email*
Message

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