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Listing Id: 31778 Last Refreshed: 30/09/2024 5839 Views

Luxury Furnishing Retailer For Sale In Singapore

Closed
Asking Price > S$5M
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Stock
S$2,500,000 Price Included
Receivable
S$1,000,000 Price Included
Staff
30 Employee
Year of Incorporation
1990
Owner Role
Full Time
Premise Status
Rent
Premise Type
Shopping Mall

Business Details

Reason For Sale

Senior age owners intend to retire.

Description

Prestigious Designer Furniture Retailing Group
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Operating as a premier brand for more than 20 years, this company specializes in offering exquisite European furnishing tailored to discerning individuals.

• A renowned designer furniture retailing brand
• Multiple physical and online presence in Singapore
• Long term strong partnerships with top European designer brands
• Strong business resilience against economic turbulence and pandemic with breakthrough growth even during tough times
• Revenues circa SGD$7m in past years 2022 and 2023
• 3 years revenue CAGR 8.9% and gross margin CAGR 8.8%

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This presents an ideal opportunity for investors or acquirers looking to enter or expand within the home furnishing industry. This opportunity pertains to an outright full sale and is intended for serious inquiries only

For further information and a detailed discussion, please reach out to us at info@businessvaluation.com.sg or call 6950 1120 / 8849 8462

Facilities

Several retail fronts in popular shopping malls in Singapore and neighboring country.
And fulfilment warehouses in both countries as well.

Buyer Support & Terms

Support and Training

Ample support and training will be provided, depending on the preferences of new owner. Current owner is willing to stay on for reasonable period of time to assist in handover of business operations.
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