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Listing Id: 15167 Total Views: 22318

(Sold) "SOLD" - Profitable Electrical Appliances firm For Sale 97498301

Central Area

Date Closed: 09/10/2019

Asking Price: S$650,000

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  • Overview
  • Reason For Sale
  • Description

Overview

  • Premise Type
  • Premise Size
  • Monthly Rental
  • Rental Desposit
  • Revenue
  • Liability
  • Gross Profit
  • Net Profit
  • Stock
  • FFE
  • Payable
  • Receivable N/A
  • Owner Role
  • Staff
  • Established
  • Source

Reason For Sale

Owner is retiring

Description

- Heritage firm as it has been in operation for closed to 30 years
- Profitable with above $1 mil yearly gross turnover
- Double digit net profit margin
- Holding distribution rights/sole agent/authorised dealer for well-known electrical brands and OEMs for several popular electrical consumer and marine products
- Built good relationship and have many long term loyal corporate customers
- Experienced and loyal staff
- Sell with naming rights, inventories, customers data base etc
- Operator is retiring and prepared to transfer the business know-how to the new buyer
- Asking takeover fee nego (include inventories of about $650k and No Liabilities)

Interested please contact 97498301

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