Singapore  Singapore

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Listing Id: 28251 Last Refreshed: 04/05/2023 Total Views: 770

(Expired)Highly Ranked in Google - Profitable Made-To-Measure Curtains & Blinds Business

WoodlandsFurniture Stores
Asking Price: S$398,000
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Factory
  • Premise Size N/A
  • Monthly Rental S$2,000
  • Rental Desposit S$2,000***
  • Revenue S$54,700
  • Liability S$0
  • Gross Profit S$27,000
  • Net Profit S$11,500
  • Stock S$0
  • FFE S$0
  • Payable S$0
  • Receivable S$0
  • Owner Role Full Time
  • Staff 2
  • Established 2018
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Owner pursuing other biz opportunties.

Description

- Customised curtain and blinds traders based out of Singapore.

- The business was started in June 2018 and we get customers purely through online marketing via Google and Facebook only.

- In a normal workflow: we go to customers' places, take measurement of the windows & doors and install curtains/blinds post that.

- We have strong working relationships with trusted suppliers for the products with good credit terms.

- We are a "fabless" entity, as we outsource production to trusted partners. This reduce risk and lower overheads by a lot. (Relative safe business for owners who are new to this trade. )

- Have garnered more than 300 genuine positive reviews on Google page. You will be inheriting a strong brand reputation.

- First in local industry to introduce an online booking system with real time tracking of advisors for appointments.

- Backend systems and processes have been digitalised for ease of processing and communications with suppliers. No more paper forms!

- Proper bookkeeping system has been setup in Xero with automatic bank reconciliations, easy to keep track of business performance.

- Strong website presence in Google, ranked along with the big boys in the same competitive industry. Received thousands of web visitors for free every month. We even outranked IKEA for some search terms!

- This website is easily worth more than $100k if you compare to the search terms bidding from Google Ad for this industry.

- Unique website with online catalog which allows customers to self-serve and get quotes. (This is the FIRST in the local industry as far as we know too.)

- Website developed and maintained in-house, you will not be held hostage by developers.

- Repeat customers from past years.

- Currently operating in a hybrid online/offline mode from Mon-Sat only during normal office hours. Off on Sundays and Public Holidays. (We intentionally "tie" our hands to enjoy family time. )

- Growth opportunities available: Expand working hours into full retail mode, create more product lines and/or packages. Explore IG or TikTok marketing channels which we have not really touched. Open up partnership channels with IDs, agents, contractors, etc. Cross-selling products/services in the home niche and etc.

- If desired, the existing in-house manager can run the business without much intervention from you.

- Gross profit margins is 47.7%.

- If you have your own team and place, you can extract maximum profits from this business very fast.

- Depending on your profile or what existing business you have for synergy, its possible to make back your investment in less than 2 years!

- Great synergy with Renovation companies, Interior design companies, contractor, home furnishing trades and etc.

- The seller is only asking for 0.6x Gross Revenue as selling price, which is only about 1.2x of Gross profits. You won't get this kind of deal elsewhere. Grab this deal before the seller regret it, PM us now!

- Seller financing is available with only 30% downpayment. Rest over 12 months instalment with interest.

- Am also open to partial investment for working synergy. PM to chat more!

Business Operation

1) Strong unique website which is essential an online "salesperson", ranked highly on Google for competitive keywords. This website is worth more than 100k if you know how to value it by comparing with Google Ad Spend. We receive thousands of web visitors for free every month. 2) 300+ verified genuine reviews on Google Business profile. Inherit strong brand reputation with repeat customers. 3) One 2021 NV200 (Petrol) Van, can keep or dispose depending on your needs. On 7 yr loan, instalments are ridiculously low, cheaper than renting! 4) Great working relationships with suppliers.
Facilities
Competition are the Big Boys from the industry, but we as a small outfit, can outrank them for some search terms!

Competition
Expand working hours into full retail mode, create more product lines and/or packages. Explore IG or TikTok marketing channels which we have not really touched. Open up partnership channels with IDs, agents, contractors, etc. Cross-selling products/services in the home niche and etc.

Expansion Potential
1 month support and training
Support and Training
Yes, seller financing is available.
30% downpayment. Rest over 12 months instalment with interest.
Seller Financing

Property Information

Rent
Premise Status
1
Lease Term
Woodlands B1 building.
Premises Details
Yes, it can relocate to other place
Relocatable
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