Ad ID: 2950
Ads Post Date: November 14, 2018
Sale Price: S$1m
District: D03 - Tiong Bahru - Alexandra - Queenstown
Established since: 2006
Annual Revenue: S$2,000,000
Annual Gross Profit: SGD800,000
No. of Staff: 10
Reason to Sell Business: Owner work everyday, decide to take a break
Started in 2006, supplying vegetable to restaurants, cafes, coffeeshops, stalls, group of companies & etc.
Office at biggest wholesale centre in Singapore (Pasir Panjang Wholesale Centre) for fruits, vegetables & dry goods.
Great potential grow, even not much marketing have been done in the company. Revenue can easily hits $1.8million – $2 million.
Why it is a potential business?
– Clientele payment to company ranging from Cash Terms – 1 month Term
– Average sales per day from $5,500 – $6,300
– One year operate 364 days
– More newly set-up F&B into Singapore market
– Owner is a Sole proprietorship under ACRA, you can Incorporate a new company to take over the clientele to run the business
– Owner willing to stay for a year
– Potential to improve the business further
Preferable buyer to be in vegetable trade and take over all current clientele
If interested call/meet to discuss further