Singapore  Singapore

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Listing Id: 31309 Last Refreshed: 24/03/2024 Total Views: 615

Established Marble/ Granite Processing Firm - Owners Retiring

HougangBuilding and ConstructionManufacturing
Asking Price: S$1M - 5M
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Factory
  • Premise Size 10764 sqft / 1000 sqm
  • Monthly Rental S$20,000
  • Rental Desposit S$20,000
  • Revenue S$50K - 100K
  • Liability N/A
  • Gross Profit S$20K - 50K
  • Net Profit S$10K - 20K
  • Stock S$500,000***
  • FFE S$1,500,000***
  • Payable N/A
  • Receivable S$500,000
  • Owner Role Full Time
  • Staff 10
  • Established 1992
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Founders retiring

Description

With more than 40 years of experience in Singapore, providing excellent craftsmanship for natural stones and tiles, Riva Pte Ltd and Fine Work Service Enterprise are seeking interested buyers to take over the business. Trained staff, machineries, management training, rented factories, business networks are part of the package for this sales.

Check out our company website and socials:
https://riva.sg
https://finework.com.sg

Business Operation

3 rented factories from JTC in Defu Lane (1 will be returned to JTC in April 2024); 2 bridge cutters for slab processing, 2 forklifts, 1 overhead crane, 3 2-axis tile cutting machine, 1 polishing machine, 1 sandblasting machine, natural stone stock and readymade tabletop and skirtings (with daily walk-in sales) included
Facilities
We are the B2B suppliers to several large main contractors and stone and tile retailers as our skilled craftsmen and machines are some of the few that can process large format stone and tile slabs in Singapore. While there could be direct orders to China and India for lower processing fees, the ease of having materials processed within Singapore have kept the demand constant or rising over the years.
Competition
With an in-house design and marketing team, the potential of B2B and B2C sales will be very high. Indicatively, ROI for digital marketing (when we run it) have been around 30x. We have scaled back on B2C sales as we wanted to focus on B2B orders which come in on daily basis from our partners.
Expansion Potential
Management training will be provided if desired. A minimum one month of handover is required, and management advisory available up to 12 months from handover.
Support and Training
Engineering Degree, Management experience in construction-related fields
Background & Skills

Property Information

Rent
Premise Status
Three years' lease end in 2025
Lease Term
Primarily two factories along the same block - Riva Pte Ltd for construction-facing work and Fine Work Service Enterprise for design and processing work. Revenue has been clocked under Fine Work Service Enterprise.
Premises Details
Yes, it can relocate to other place
Relocatable
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