United States

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Listing Id: 26606 Last Refreshed: 28/10/2022 Total Views: 472

(Expired)Are You Looking For A "Need" Business That Can Never Die Off? Recession Proof? Pandemic Proof?

Central AreaBridal ShopsEvent ManagementWedding Activities
Asking Price: S$2,000,000
Business For Takeover
Look For Investor
Look For Partner
Vincent

Overview

  • Premise Type Commercial Street
  • Premise Size 2900 sqft / 269 sqm
  • Monthly Rental S$9,150
  • Rental Desposit S$27,450
  • Revenue S$100K - 200K
  • Liability N/A
  • Gross Profit S$100K - 200K
  • Net Profit S$50K - 100K
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Moving to overseas

Description

This may be something of interest to you. We are one of the largest Wedding and Events company in Singapore established for more then 17 years, and we are currently selling off our business as I the sole owner of the company am planning to move to overseas. This is an incredible opportunity to acquire an established company with a strong customer base, international awards, and a team of employees.

Our company has been recession-proofed and has the potential to double its revenue and profits within a short span of time. So if you’re looking for a new business opportunity, this is it! Contact us today for more information.

In Singapore the largest business problems are?
High manpower cost
High turnover
High Training cost
High rental cost
High operational cost
High Cost of good sold

Low Manpower. We have a legitimate manpower hiring system and have structure the business effectively such that we do not face the challenges of employment shortage. We have managed to build a effective system over 17 years to attract the top talent and strategically setup a working arrangement to lower our manpower cost by 5 times what you would pay for the same talent.

Low Turnover. Our employment system, and training programmes secures our company with expanding resources for us to monetize and maintain stability of job production line.

Low Training cost. Productions has an end to end training guide and build with tool kits for any new employee to get the business up and running in the shortest time.

Low rent. We rent from the government. We took a terrible building and converted it to a stunning building with 3 levels. We have built years of relationship with our Landlord such that our rent is one of the lowest in this area with the largest space. Our building is strategically located to attract the maximum number of viewers.

Low Operations cost. We hired the best talents to operate on the ground and only those which are necessary for the success of the business. Hence strategising the cost structure to be more effective and scalable.

Low cost of goods sold. We have sourced globally for products, keeping our costs as low as possible eliminating as many middle man. This scalable system has allowed us to push our profit margins to a high percentage.

This asking price of 2 Million is the starting price and the final amount is based on the highest offer. It does not include our acquired commercial property at a different place, this can be sold separately.

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