SingaporeOverview
Financial Performance
Revenue
S$30,000
Gross Profit
S$27,000
Net Profit
S$15,500
Monthly Rentalt
S$1,500
Business Operations & Assets
Staff
2 Employee
Year of Incorporation
2018
Owner Role
Full Time
Premise Status
Rent
Premise Type
Office Building
Premise Size
400 sqft / 37 sqm
Rental Deposit
S$3,000
Premises Details
Warehouse
Business Details
Reason For Sale
Family reason and change of business direction
Description
Founded in 2018
Existing long term service and maintenance and leasing contract with customers, monthly recurring income is $30000 and growing.
2 full time employees, 1 warehouse, inventory for spare parts.
No knowledge in the industry required to takeover the business, the existing 2 staffs are capable to run the show, if the buyer is not considering to expand the business.
Potential growth:
1. Growing market and customer base for maintenance requirements
2. Expand into other equipment repair and service
3. Introduce new products (eg. software) to the existing customers
Customer range: F&B, hospitality, healthcare, industrial, education.
Transfer the leasing, service and maintenance department. 100% recurring revenue.
The owner will keep the sales department and continue to do the sales and at the meantime divert into other business, after sales support of new businesses will be handed over (pay for service) to the leasing and maintenance dept, and renewal belongs to the leasing and maintenance dept.
Existing long term service and maintenance and leasing contract with customers, monthly recurring income is $30000 and growing.
2 full time employees, 1 warehouse, inventory for spare parts.
No knowledge in the industry required to takeover the business, the existing 2 staffs are capable to run the show, if the buyer is not considering to expand the business.
Potential growth:
1. Growing market and customer base for maintenance requirements
2. Expand into other equipment repair and service
3. Introduce new products (eg. software) to the existing customers
Customer range: F&B, hospitality, healthcare, industrial, education.
Transfer the leasing, service and maintenance department. 100% recurring revenue.
The owner will keep the sales department and continue to do the sales and at the meantime divert into other business, after sales support of new businesses will be handed over (pay for service) to the leasing and maintenance dept, and renewal belongs to the leasing and maintenance dept.
Facilities
nil
Competition
Almost no competition
Expansion Potential
1. Growing market and customer base for maintenance requirements
2. Expand into other equipment repair and service
3. Introduce new products (eg. software) to the existing customers
2. Expand into other equipment repair and service
3. Introduce new products (eg. software) to the existing customers
Buyer Support & Terms
Support and Training
After takeover, seller can work closely with the buyer, like sister company, or buyer can choose to seperate completely with a period of handover.
Background & Skills
Hardware, tech
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