Ad ID: 4426
Ads Post Date: July 19, 2019
Sale Price: S$500k
District: Not Applicable
Established since: 2013
Annual Revenue: SGD 1 to 2m
Annual Gross Profit: SGD 600k-1.2m
Inventory value: 300000 (not included in sale price)
No. of Staff: 10
Reason to Sell Business: Owner wish to focus on another business which needs to travel often
Founded in year 2013, the company is now a well-known online furniture company in Singapore. The company have since expanded their diverse category of products to include home furniture, outdoor furniture, soft furnishings and home décor products.
Till date, the company is proud to say that they have furnished more than 200k+ homes in Singapore.
Besides running successful e-commerce stores, the company also distribute products to credible stores such as Metro Departmental Store, Takashimaya, Robinsons, AudioHouse, FORTYTWO.sg, Hipvan, PickJunction, HomeAndStyle, BedsAndBasic and more.
Being an e-commerce company, the company also sell on platforms such as Lazada, Qoo10 and Shoppe. The Lazada and Qoo10 stores had been in operation over 5+ years and collected thousands of customer reviews.
About Business – Automated – As most of the sales are completed online, the sales and operation process are mostly automated.
Low Overheads – Unlike a retail store, there is no need for sales person, cashiers and cleaners which is a low overheads business. We with professional delivery partners and there is no overheads cost of maintaining vehicles.
Minimised Labour Cost – The warehouse consist of full time and part time staffs will pick and pack items and get the orders ready for deliveries. Payments are collected online before items are shipped.
Quality Suppliers and OEM Factories – The company has built stable relationship with local suppliers as well as OEM factories overseas. These suppliers and OEM factories have supplied goods to the company for years and they are trusted partners.
What Will The New Owner Gets?
You will get a profitable and operational business with system in place.
A complete supplier list will be provided.
The current owner is prepared to personally introduce every supplier, OEM factories, business partners and vendors. The current owner will ensure smooth transition and reveal all trade secrets.
Brand – Most important of all, you get a well-known brand with thousands of great customers reviews. Branding takes time especially for higher tickets items such as furniture. It takes many years for the company to be here.
Owners’ Profile: Easy to work with. Owner will ensure smooth transaction.
Warehouse: 10000sqft warehouse at the west part of Singapore. Rent SGD 9,700 per month, lease will end by Sept 2019.
Competition: The company faces little competitions. Besides having its own online stores, the company also wholesale products to major retailers and online furniture stores in Singapore.
Expansion Potential: Given everything that the company has done right till date, it is very possible that the new owner can expand into regional markets. Having said that, the Singapore market has rooms for further growth. There is always a demand for furniture in Singapore. The furniture industry is one of the most stable and recession-proof industry.
Note* Only for prospective and serious buyers.