Singapore  Singapore

Post Ad
Listing Id: 27775 Last Refreshed: 05/02/2024 Total Views: 3179

(Expired)Fully Setup Profitable Awning And Metal Works Business For Takover

Central AreaConstruction ContractorInterior Designer
Asking Price: S$230,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner
Nicholas Neo

Overview

  • Premise Type Factory
  • Premise Size 1000 sqft / 93 sqm
  • Monthly Rental S$3,800
  • Rental Desposit S$7,600***
  • Revenue S$20K - 50K
  • Liability N/A
  • Gross Profit S$50K - 100K
  • Net Profit S$10K - 20K
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Owner has 5 businesses, too many to manage thus letting go 1 of the latest setup

Description

Fully setup and in operation since 2021, our Awning and Metal Works Business is supported by 1 Key Overall Business Manager, 1 Business Development & On-site Safety Manager + 5 to 7 installers. The Team 7-10 employees comprises of only Singaporeans and experienced Malaysians Work Permit Holder. Low levy for Construction Business and plenty of work permit quota.

All team members passed courses with safety certification, welding course, metal work course, metal work supervisor course. The company has also obtained BizSafe3.

The company breakeven in 1st full year of operation and has no existing loan except the 2 lorries on installment. Takeover fee includes the new 2 year lease at below $4000 per month rental on the factory space, existing staff, existing equipment, existing clientele base and supplier information but does not include our Company Group's name, the 2 existing lorries and their bidded vehicle plates. Initial setup cost is more than S$200,000. Salary, rental, levy etc monthly expenses around $28,000 before material expenses.

Construction work permit quota is 1 Singaporean: 5 WP. BizSafe3 certification obtained.

Our current business model includes servicing direct Landed, Shophouses & Condo owners and a handful of reputable Interior Designers.

We specilised in building polycabornate shelter, aluminium composite shelter, awning, loft and all other customised metal works. Commonly used materials are galvanised steel and for the cost budget projects, mild steel may be an optional choice. Monthly operation cost in 2022 averaging $35k all in.

Great for Investor/ Owner who are expanding their business, Interior Designer companies who want to own to control the workmanship of their installers or relevant material suppliers who are consider to go into B2C model. Already with more than 1.5 years of Facebook and Google pressence in Singapore.

Current Business Owner owns 100% of the company and has 5 companies operating. Setup 3 companies in the recent 3 years thus too overwhelm and considering letting go 1 of the newer company to focus on the other 2 new line of businesses.

Not an urgent sales. It is a profitable business and operating smoonthly as it is today. Owner is happy to keep it operating as a Cash Cow. Selling because no time to scale it up. Only interested party needs to contact us for a discussion. Thank you

Property Information

Rent
Premise Status
/

Just a moment... we are processing the request