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Listing Id: 1795 Last Refreshed: 07/05/2019 14835 Views

Successful Market Leading Bridal And Wedding Business

Closed
Asking Price S$700,000
This business has been Sold

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

Overview

Financial Performance

Annual Figures
Revenue
> S$1M
Gross Profit
> S$1M
Net Profit
S$100K - 200K
Monthly Rentalt
S$23,000

Business Operations & Assets

Stock
S$450,000 Price Included
FFE
S$28,000 Price Included
Staff
10 Employee
Year of Incorporation
2005
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$67,000 Price Included
Premises Details
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

Business Details

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


Facilities

Full complete collection of award winning >800 dresses and suits
Photography equipment, lightings, studio, all in operational condition
No further investment needed for operations

Competition

Contact for more information

Expansion Potential

Contact for more information

Buyer Support & Terms

Support and Training

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.

Background & Skills

Passion for the wedding industry.Customer service knowledge will be helpfulEvery other knowledge, training and processes will be provided
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