Singapore

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Listing Id: 24363 Last Refreshed: 14/12/2021 Total Views: 1115

(Expired)Systems Integrator with Existing Maintenance Contracts

SerangoonIT ConsultanciesIT Maintenance
Asking Price: S$500K - 1M
  • Premise Type Commercial Street Premise Size
  • Monthly Rental S$1,600 Rental Desposit S$3,200***
  • Revenue S$20K - 50K Liability N/A
  • Gross Profit S$20K - 50K Net Profit S$5K - 10K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 3
  • Established 2015 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Glenn Teo

Reason For Sale

relocating out of singapore, exploring other opportunities, taking a break

Description

We have been in the Systems Integration business for 9 years now and have had pretty good success in our early years, hence having quite a few existing maintenance contracts (close to 200k annual) to sustain the business in years to come. In addition, we have a couple of ongoing projects with both existing and new customers and have potential deals in the pipeline for 2022 as well.

Unfortunately, my partner and I are intending to relocate out of Singapore and hence, i would like to sell the business and hand over my legacy to someone who is as passionate in the SI and IT industry as me to ensure the efforts we have painstakingly put in all these years do not go to waste.

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable
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