Listing Id: 24469
Last Refreshed: 27/12/2021
Total Views: 1325
(Expired)Profitable Online Jewellery Brand ($4m Revenue, $1m profit)
BishanEcommerce Websites and Online StoresJewelry StoresOnline Shops
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Neighbourhood
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Premise Size
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Monthly Rental
N/A
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Rental Desposit
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Revenue
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Liability
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Gross Profit
N/A
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Net Profit
N/A
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Stock
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
N/A
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Established
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Source
Direct Seller
Reason For Sale
Partners are looking to relocate and pursue other business opportunities
Description
This is an opportunity to acquire up to 100% equity of an online jewelry brand in Singapore.
- The Company sells gemstone jewelry accessories via live selling platforms (Facebook & Instagram).
- In-house design capabilities. The founders of the Company work with their in-house designer to create jewelry pieces that are well-loved by its customers.
- Diversified network of suppliers. The Company has a strong and reliable network of suppliers and works with over 20 gemstone sellers and manufacturing companies on a regular basis.
- Strong social media presence. The Company’s social media accounts have seen huge growth over the past year, it now has over 30,000 followers on its Instagram and Facebook accounts.
- Remarkable revenue growth. The Company's revenue grew from S$500k in 2020 to over $3 million revenue in 2021. 2022's revenue projections are estimated to be between S$5 to S$6 million.
- High margins and good profitability. 2021’s NPAT margin is estimated to be between 25% to 30%.
- Healthy financial position. The Company’s has been funded entirely through its own cashflows and is debt-free.
- Strong potential for live stream commerce in Singapore. Live stream commerce has just started to gain popularity in the last two years and robust growth is expected to be seen in this space.