Listing Id: 22426
Last Refreshed: 25/07/2021
Total Views: 908
(On Hold)Rare Opportunity - Established Watch Business For Takeover
QueenstownWholesale and Distribution
Asking Price: S$1,000,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$0
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Rental Desposit
N/A
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Revenue
S$100K - 200K
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Liability
S$450,000
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Gross Profit
N/A
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Net Profit
S$10K - 20K
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Stock
S$700,000
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FFE
S$100,000
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Payable
S$20,000
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Receivable
N/A
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Owner Role
Full Time
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Staff
5
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Established
1989
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Source
Direct Seller
Reason For Sale
Looking for suitable candidate to take the business to next level
Description
Distributor of wrist watches (a traditional Japanese brand and a popular fashion brand) and manufacturer of customised watches.
Company has a rich and succesful history since 1950's.
It has forged a close relationship with both suppliers and clients especially during Covid-19.
Looking for keen, capable and resourceful candidate to takeover.
Seller willing to commit a handover period for a smooth and succesful transition of ownership.
P/S - Selling Price is strictly for takeover, not inclusive of property, inventory, assets and fixtures.
Business Operation
Present cost of stock (watches only) is approximately $700k.
Service Centre is fully equipped to do watch assembly and carry out watch repairs.
Fixtures (renovated during 2014) and equipment cost approx $100k*
*Seller is willing to write off this cost for buyer who will takeover the property as well.
Facilities
The brands/products which we represent/produce are rather niche and, therefore, we do not encounter much brand to brand competition.
However, due to recent increased awareness of a certain brand which we distribute, many unauthorised online sellers have started selling similar products.
We are actively working with the brand owner to improve the channels management.
Competition
The current management focus highly on business operation, product quality and customer service.
One of our business partners include a MNC.
Therefore, buyer can easily tap on the various growth potentials such as online business, market expansion, brand expansion, corporate sales and improved outreach.
Expansion Potential
Available
Support and Training
Business Management and Marketing Skill
Background & Skills
Property Information
lease ends in 2040 or thereabout
Lease Term
1,421 sq feet, including 3 car park lots at main door (Fitted with private wall mounted charger for Electric Vehicle).
Premises divided into Service Centre, Showroom, Admin Room, Inventory Room, Storeroom, Pantry and Toilet.
Fully fitted with fully air-conditioned (4 fan coils / 2 compressors).
Premises Details
Yes, it can relocate to other place
Relocatable
Singapore