Listing Id: 26533
Last Refreshed: 18/10/2022
Total Views: 1737
(Expired)Wooden Furniture Business For Sale!!
Central AreaFurniture Stores
Asking Price: S$750,000
Business For Takeover
Look For Investor
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- Overview
- Reason For Sale
- Description
Overview
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Premise Type
Office Building
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Premise Size
N/A
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
Reason For Sale
Other business venture
Description
*Well -Established Wooden Furniture Business for Sale!!*
⭐️ Strong Online Presence :
Lazada and Shopee platforms
⭐️ Physical presence in Prime location
💽 Rentals:
👉🏽 1st Showroom monthly rental :
currently $3000;
$3500 ( from Jan 2023)
👉🏼 Carpentry Workshop rental:
$2354 ; lease till 31/01/23
👉🏼 2nd Showroom monthly rental:
$5000 ; lease period -1/9/22 to 31/8/26
💽Inventory (estimated)
👉🏼300 pieces Wood slabs
Valued at $500,000
💽Machinery:
👉🏼Woodworking tools
👉🏼Metal Racking for display purposes
💽 Staff :
👉🏼 1 Full Time local employee
👉🏼 1 part-time local employee
👉🏽 3 WP holders
💽 Revenue (estimated) :
👉🏽 2019: $944,000
👉🏽 2020: $871,000
👉🏽 2021: $966,000
👉🏽 2022: $950,000 ( Projected)
👉🏽 2023: $1,400,000 (Projection- based on opening of 2nd showroom)
💽 Projected Profit:
👉🏽 $180,000
💽 Selling Price:
👉🏽 $750,000 negotiable (100% shareholding)
💽 Takeover fee inclusive of
👉🏽 Existing employees
👉🏽 Director guidance ( Complete handover after 6 months at $6000/ month)