Singapore
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Overview
Financial Performance
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$4,200
Business Operations & Assets
Staff
6 Employee
Year of Incorporation
2016
Owner Role
Investor
Premise Type
Shopping Mall
Premise Size
950 sqft / 88 sqm
Rental Deposit
S$8,000
Premises Details
950 sqft of retail space with workshop and storage space. The lowest rent secured in the area due to long standing relationship with the landlord
Business Details
Reason For Sale
Retirement
Description
The company is a leading premier express florist based in Singapore, offering a wide range of floral services for various occasions including birthdays, anniversaries, condolences, grand openings, and more. It provides both online and offline florists services with a beautifully designed and successful website based off the shopify platform. It prides itself on fast delivery, quality fresh flowers and luxury-brands used flower arrangements. With a physical store next to Tanjong Pagar MRT, the florist facilitates both self-pick-up and express delivery services. The business has garnered positive reviews for its service quality and beautiful flower arrangements, making it a beloved choice for customers seeking floral gifts and decorations in Singapore.
The business is currently owned and managed by a lady and has decided to exit the business due to retirement. It is restructured to allow scalability and expansions to consolidate the florist business in Singapore.
The name of the business would only be disclosed after a quick chat with the sellers.
The business is currently owned and managed by a lady and has decided to exit the business due to retirement. It is restructured to allow scalability and expansions to consolidate the florist business in Singapore.
The name of the business would only be disclosed after a quick chat with the sellers.
Facilities
Fridges, workstations, basic inventories, computers, desks, etc.
Competition
The business currently competes in the online and offline florist space. The florist market is highly fragmented with the market leader being Far East Flora, which leads an integrated business doing wholesale flowers as well as a last-mile delivery solution. We compete in the last-mile delivery florist segment together with other leading market players specializing in the online channel. The florist space on the offline channels is highly fragmented with little online presence in Singapore.
Expansion Potential
By building up capabilities in the online space, our company is well positioned to take the next step to consolidate physical florists into the platform as one of Singapore's leading florist marketplace.
Buyer Support & Terms
Support and Training
Support and training will be provided on the operations, customer support guidelines, online website adjustments, finance and strategy.
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