Singapore  Singapore

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Listing Id: 26533 Last Refreshed: 18/10/2022 Total Views: 1386

Wooden Furniture Business For Sale!!

Central AreaFurniture Stores
Asking Price: S$750,000
Business For Takeover
Look For Investor
Look For Partner

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 Full Time
  • Staff N/A
  • Established N/A
  • 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)

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