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.