Singapore  Singapore

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Listing Id: 1795 Last Refreshed: 07/05/2019 Total Views: 14617

(Sold) Successful Market Leading Bridal And Wedding Business

Central AreaApparel StoresWedding Activities
Asking Price: S$700,000
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$23,000 Rental Desposit S$67,000***
  • Revenue > S$1M Liability N/A
  • Gross Profit > S$1M Net Profit S$100K - 200K
  • Stock S$450,000*** FFE S$28,000***
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 10
  • Established 2005 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
B Soh

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  • Reason For Sale
  • Description
  • Business Operation
  • Property Information

Reason For Sale

Owner has to relocate for family reasons

Description


Key information:


- Asking price: SGD$700m (3.5 times P/E)

- Yearly net profit: SGD$150-200k (14% net margin)

- Revenue: SGD$1.8m

- ROI: 33% per annum (3 years breakeven)

- Asking price includes Cash working capital and rental deposit of SGD$150k-250k

- External financing can be arranged


Market leading bridal and wedding business established for almost 10 years.



1)Services: Gown and suits design and rental, photography, makeup, hand bouquet and other complementary services.

2)Full collection of award winning wedding and evening gowns, event gowns and men’s suits. Also complete with traditional wedding attires. No investment necessary for the rest of the year

3)Fully functional photography studio with realistic settings

4)High customer satisfaction levels and high referral rates

5)Ample opportunities for expansion with plans all in place

6)Excellent reputation in the industry

7)Invaluable industry contacts and network built over the years

8)     Industry leading photography studio premises newly refurbished

9)     Multiple streams of leads and income from different business units



Serious seller. 

External financing available for the purchase


All contacts will be introduced to ensure smooth transition 
Full company operations guide will be available

Perfect investment in the wedding industry, which is a $3 billion global market

Contact for more information after signing the Non disclosure agreement


Business Operation

12-9pm
Business Hour
Full complete collection of award winning >800 dresses and suits Photography equipment, lightings, studio, all in operational condition No further investment needed for operations
Facilities
Contact for more information
Competition
Contact for more information
Expansion Potential
Seller will train full time for 1 month and remain available for consultation for 1 year or more if required All contacts will be introduced to ensure smooth transition Full company operations and training manuals with step by step guide will be available.
Supporting and Training
Passion for the wedding industry.Customer service knowledge will be helpfulEvery other knowledge, training and processes will be provided
Background & Skills

Property Information

Rent
Premise Status
3 years
Lease Term
Boutique and photography premises. All leased. Sub letting is allowed in the lease agreement. Leases have just be renewed this year so no rent increases expected
Premises Details
Yes, it can relocate to other place
Relocatable
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