Singapore  Singapore

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Listing Id: 18115 Last Refreshed: 16/01/2020 Total Views: 2420

12 Years Old Profitable Scaffolding Business

GeylangConstruction Contractor
Asking Price: S$1,800,000
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type Factory Premise Size
  • Monthly Rental S$3,400 Rental Desposit N/A
  • Revenue S$100K - 200K Liability S$0
  • Gross Profit S$50K - 100K Net Profit N/A
  • Stock S$350,000*** FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 20
  • Established N/A Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Michelle
Email Owner

Reason For Sale

Retiring and Children Does Not Want To Take Over

Description

Owner is retiring and prefers to let someone takeover the business rather than close it down.

His children are not interested in construction-related field and have their own businesses outside.

Have been operating profitably for the past 12 years.

Other than scaffolding, is able to conduct other construction-related works as well.

MOM licensed, LTA approved, and BCA registered.

Highest level of BizSAFE Star attained, with certifcations of ISO 9001:2008, SS506, OHSAS 18001:2007, and more.

Currently managed by only 1 boss himself with no marketing done and already profitable, if new owner takes over and expands, can earn even much more. In addition, he is now working only about 4 hours per day in a semi-retired mode.

With 20+ manual workers and a few supervisors overseeing the business.

New owner will be handed over 100+ of Clients, some are big names in the industry and valuable contacts built over 10+ years.

Existing contracts will also be handed over, with current value of about $600,000 to $800,000.

Total Incoming Receivables and Material Assets value at least $500,000.

Available jobs in the market potentially over $8,000,000 which current boss does not want to take up due to retirement plans.

Owner is able to train and handover transition 3 to 6 months, or negotiable based on how much time required for full takeover.

Hopes to retire by February or March 2020.



Property Information

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