Singapore  Singapore

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Listing Id: 13809 Last Refreshed: 29/04/2023 Total Views: 9082

Team Building Event/Management Biz For Sale

GeylangEvent Management
Asking Price: S$200K - 500K
Business For Takeover
Look For Investor
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Overview

  • Premise Type Office Building
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Focus on other commitments

Description

Team Building/Event Management for Corporates

💽 Established in 3/4/12

💽 Shop/biz operation office :
👉🏼 monthly rental $2,900
👉🏼 no GST
👉🏼 approx. 1,600sq.ft.
👉🏼 balance lease 2 years,
1 Jan 2018 – 31 Dec 2019
👉🏼 cost of renovation $20,000
👉🏼 moved into empty space; then designed and furbished for business purpose; installed 4 new AC units
👉🏼 renovated 5 months ago

💽 Estimated yearly Turnover :$1.5M

💽 Estimated yearly
nett profit
👉🏼 past 1 year = $259,800
👉🏼 Previous 2 years = $302,000
👉🏼 Average 5 years = $291,000

💽 Director’s involvement in the biz
👉🏼 Since Jan’18 the company staff have been trained to run almost “auto-pilot”
👉🏼 Used to be involved in Strategy, Business Development, Team Management, meetings and facilitation of big and mostly important events

💽 Staff :
👉🏼 11 + 1 intern
👉🏼 Local = 5+ 1 PR
👉🏼 EP = 2
👉🏼 S-Pass = 1
👉🏼 DP = 2
👉🏼 Intern = 1

💽 Operating hours :
👉🏼 9am - 6pm (Mon-Fri)
👉🏼 Casual events on weekend

💽 Reason for selling:
Directors want to move to coaching and develop businesses and also relocate.

💽 Selling price $430,000 negotiable
Thank you & blessings
Peter Wan
Dream Centre

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