Singapore  Singapore

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Listing ID: 4683 Last Refreshed: 18/09/2019 25342 Views

Profitable Wholesale Retail Business For Sale

Asking Price <span class='currency'>S$</span>300,000

Overview

Financial Performance

Annual Figures
Revenue
S$200K - 500K
Gross Profit
S$200K - 500K
Net Profit
S$100K - 200K
Monthly Rentalt
S$2,800

Assets & Working Capital

Stock
S$25,000 Stock and inventory Price Included

Operations & Ownership

Year of Incorporation
2013
Owner Role
Part Time

Property Information

Premise Status
Rent
Premise Type
Neighbourhood

Operations & Growth

Reason For Sale

Moving overseas

Description

FOR SALE

DISTRIBUTION AND RETAIL FURNITURE BUSINESS


A highly profitable distribution and retail business of designer custom made furniture and homewares is for sale. The business has been in operation in Singapore for the last 8 years. With sales globally and solid year on year sales growth the business has huge growth potential.


Our brand is currently sold in retail stores throughout Singapore with further options to expand this section of the business. The business is perfect for a sole trader, partnership or for an existing business looking to expand. As our brand is highly visible with a dedicated customer following and established relationships with suppliers, logistics and quality control of the product are streamlined.


The operational expenses are low due to the following:


1. Inexpensive rental space with ability to terminate the existing lease with 2 months written notice.


2. Paid up Inventory delivered on arrival to the customer, limited and inexpensive warehousing may be required.


Asking SGD$300,000 neg.

Please contact ask@cslb-asia.com 


Facilities

No rental costs / staff costs
All client orders are paid in advance with guaranteed income.

Competition

Few companies compete in Singapore and supply this type of homewares and furniture and none that offers custom made design.

Shops that wish to offer this type of furniture / homewares in Singapore buy wholesale from us.

Expansion Potential

- More extensive advertising of the products available
- Online sales
- working with more interior designers
- taking the business global

The company has excellent cash flow. Clients prepay the goods when placing the order, receiving income prior to payment to supplier. No receivables and liabilities are presently showing on the Balance Sheet.

Buyer Support & Terms

Background & Skills

Sales and a love of homewares and furniture
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