Singapore  Singapore

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Listing Id: 26590 Last Refreshed: 28/10/2022 Total Views: 287

(On Hold)Rare! Fast Takeover! Profitable Ecommerce Business Ready To Run Immediately

SerangoonOnline Shops
Asking Price: S$0
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type N/A
  • Premise Size 2000 sqft / 186 sqm
  • Monthly Rental S$3,850
  • Rental Desposit S$5,900
  • Revenue S$25,000
  • Liability N/A
  • Gross Profit S$12,000
  • Net Profit S$4,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff 6
  • Established 2018
  • Source Direct Seller

Reason For Sale

Owner is going back to full time corporate work

Description

Online retail shop on platforms Carousell, Qoo10, Shopee and Lazada.
You will take over all inventory, the warehouses, and 6 part time staff.
You will also take over the full systems.
Over 3000 skus in our inventories.
All our online accounts have high ratings (>4.5 out of 5 stars), we have many repeat customers.
You will takeover all the accounts as they are, no gimmicks.

Business has been running since 2018.
Inventory cost value ~70k (including goods in transit)
Inventory are all non-perishable. i.e. inventory costs do not depreciate over time.

You will takeover the 2 warehouse units, located near Taiseng MRT (5mins walk)
The two units are side by side. For rental lease, one of which is 2 years remaining, the other is about 10 months remaining.
I have been at the premise for a long time, landlord is trustworthy, and these are easily renewable.
Rent deposits 5.9k.

You will takeover 6 existing staff. They are part timers, most of them have been with me for more than 3 years.
Staff are stable, zero staff turnover since past 1 year.
Staff tasks includes Customer Service, Procurement and Business Development.
Total monthly staff cost is about 2.2k

Currently owner daily duties include:
- pick and pack stock for deliveries
- manage staff queries
- plan inventory restock
- pack incoming stock
Total time spent daily about 3 hrs.
This can be delegated to staff if you like (though not recommended)
It could be a passive income if you delegate properly.
This business is easily expandable and scaleable as the systems are fully in place.

No agents please.
Only genuine buyers please.

Frequently asked questions:

Qn: Does total cost include paying owner's salary?
Ans: No it doesn't.

Qn: How much slow moving stock do you have?
Ans: I take action to work on slow moving stock reguarly, there should not be much.

Qn: Who does the sourcing for new items?
Ans: I have a staff who does the sourcing. I also do the sourcing by myself.

Qn: What does the takeover fee include?
Ans: Include taking over all the online platform accounts, Carousell (4 accounts), Lazada, Shopee, Qoo10.
It also includes taking over the staff, the systems, the know-how, and all the contacts.
Upon taking over, I do not hold back and will share everything I know.

Qn: If the business is making money, why are you still selling?
Ans: I have gone back into a full time corporate job. My job often requires me to travel overseas.
Now that covid restrictions are easing up, my travels are more often.
Everytime when I travel, I have to temporarily stop this business operations and hence loss of profits.
The business will be in better hands for people who don't travel overseas too often.

Qn: How soon can I takeover and how much training will I get?
Ans: Takeover can start at anytime. I will not hold back in training you everything that I know.
In the first couple of days, I am willing to be onsite to hand hold you till you are stable.

Qn: How can I be assured that the business is truly making money?
Ans: I will share with you my processes and my steps. If you follow them exactly, the business is definitely profitable.

Qn: Do you have a full list of inventory to do a stock count before takeover?
Ans: Yes I have. We will certainly do a stock count together before taking over.

If I receive other questions, I will post them here.
You may check back on this listing regularly for updates.

Property Information

Yes, it can relocate to other place
Relocatable
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