Singapore  Singapore

Sell a Business

Listing ID: 2180 Last Refreshed: 07/05/2019 Total Views: 11524

Lamp And Lighting Wholesaler / Importer / Distributor Business For Sale

Geylang

Asking Price: S$500K - 1M
  • Premise Type N/A Premise Size 4250sqft
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue > S$1M Cash Flow S$200K - 500K
  • Gross Profit S$500K-1M Net Profit S$100K - 200K
  • Stock S$761,700*** Liability S$981,900
  • Payable S$198,000 Receivable S$36,500
  • FFE S$179,200*** Established 2004
  • Owner Role Full Time Staff 5
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
CALVIN
Email Owner
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Reason For Sale

Owner has been granted a PR status and will migrate for retirement in one year time

Description

It has been a company philosophy that light source is the core of illumination and all lighting fixtures developments are based on innovation of light sources. With this philopsophy in mind, the company has continuously integrated all types of light sources from incandescent lamps, halogen lamps, fluorescent lamps, compact energy saving lamps to high intensity discharge lamps including recent innovation technology LED light sources under its own trademark since its establishment in 2004.


Today the company has progressed and become one of the leading brand for all types of light sources in Singapore and has also successfully developed wide range of light fixtures integrated with its own light sources to meet the vast range of lighting concepts and applications. With many years of expertise and experience, the company has transformed and diversified into the Lighting Planner business providing lighting concept and lighting solution for various kind of industries such as government agencies, MNC's, private companies and residential properties while maintaining its stable wholesale and distribution business.


Owner is willing to share his knowledge and network with the new buyer and willing to provide full management support up to six months for the buyer to get the hands on in running the business. The buyer can opt to buy only the business or the company together with the company's trademark.

Business Operation

MON - FRI 8.30-18.30
Business Hour
The physical assets of this business are mainly inventory, furniture and fittings as owner do not plan to sell with the premise but will leave the option open to the buyer to buy or rent the premise or relocate
Facilities
The most direct competition to this business in today market is the convenient online selling platform available over the internet although it is not a real concern for our company as we have already reached the stage whereby our expertise and ideas are our selling point besides top quality of our products branding.
Competition
Expansion potential is to expose more to the places where different layers of people and industries can learn more about the company's expertise and business concept. This maybe achieved by setting up simple lighting concept showcase road show in shopping malls or office buildings . There is also good exposure to participate in local lighting show, interior design or real estate events or exhibitions.
Expansion Potential
1
Supporting and Training
Yes, seller financing is available.
Financing

Property Information

2 ADJACENT LIGHT INDUSTRIAL BUILDING, 1 UNIT AS WAREHOUSE AND 1 UNIT AS OFFICE
Premises Details
Yes, it can relocate to other place
Relocatable
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