Sale of 30 year-old Halal Food Manufacturer and Caterinng Company

Disagreement amongst shareholders

This opportunity is for the takeover of a 30 year old halal food manufacturing company (60%) and catering company (40%).
For Food Manufacturing, the Company generates the bulk of its sales from B2B (with clients from bustling tourist attractions to corporate offices, MRT stations, residential areas, hospitals and neighborhood coffeeshops) and the remaining sale directly to consumer via shopee and website.
For Catering, the company currently generates about $15-30k per month without any SEO or advertisement. The company works with Big MNCs, government organisation, army camps and schools.
The Company's assets includes 100+ kitchen machineries mostly on rent free lease to customers. The company has a 2+ years old chilled truck and leases another van. Other significant assets includes rental deposit of nearly $20k and receivables of about $40k, and other intangible assets including food manufacturing and MUIS licenses. The company few liabilities are mainly that of owing to routine suppliers about $25k and bank loan of about $50k.
The company has about 6 staff, and is able to self-run, with the owners mainly operating from home to handle new sales, governmental filing, HR and payments.

Latest quarter's average monthly financials estimates:
Sales - 40k (from food manufacturing) and 25k (from events)
Cost - 14k (salary, levy and CPF), 6k (rent), 4k (vehicle related rental and fuel), 16k (food related ingredients), 2k (utilities and others)

This is an opportunity if a person is looking to enter F&B with an established brand name with existing halal certification, premise and customer base, risk free, essentially covering the purchase price within a year from takeover.

Food Factory in North

For food manufaucturing - Competition are that of two established brand. No new competitor expected due to high cost to build up significant market share in small singapore market.
For catering - few competitors for segment company is currently targeting, hence resulting in higher profit margins.

Possible to capture more client with shift towards halal, or move to healthier choice and also, to expand catering business with SEO.

Owners will be able to provide full scope assistance with the management for the first few months.

Decisive, Good Business Acumen, Resourceful.