Listing Id: 14583
Last Refreshed: 18/01/2021
Total Views: 6095
(Expired)Chartered Bus Service Business For Sale
TampinesTransportation and Storage
Asking Price: S$3,900,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
S$1,200
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Rental Desposit
S$1,200***
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Revenue
N/A
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Liability
N/A
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Gross Profit
S$200K - 500K
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Net Profit
S$230,000
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Stock
N/A
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FFE
S$5,000***
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Payable
S$242,000***
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Receivable
N/A
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Owner Role
Full Time
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Staff
14
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Established
2010
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Source
Direct Seller
Reason For Sale
Health Issue and want to rest
Description
Well profitable transport business with $230k profit per annum is for sale as the owner having some health issues and want to rest. All the licenses issued by LTA and PTC can be transferred. All the routes and services all set. Just need to monitor. Can train the buyer till he/she is confident enough to handle.
Business Operation
10 company owned buses with inbuilt cameras that can assist in monitoring and safeguard from any accidents. All the buses can be tracked using an application which shows live videos of all the buses including the speed at which the driver is driving. 3 school contracts and 3 company contracts can also be transferred.
Facilities
There are only two bus operators in Changi Business Park who were issued license to operate the Premium Bus Service and we are one of them. Even with the competition, we are able to make good profits due to different routes.
Competition
New routes and licenses can be applied by making market surveys where the seller can assist the buyer.
Expansion Potential
Proper training in dealing with the licensing officials, routes, staff, etc will be
Support and Training
Operational skills
Background & Skills
Yes, seller financing is available.
Down payment - 1M, Balance can be paid over 6 months without any interest.
Seller Financing
Property Information
Renewable every year. Seller can handle all works remotely and can also work from home.
Premises Details
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
Singapore