Singapore  Singapore

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Listing Id: 4226 Last Refreshed: 31/05/2020 Total Views: 7759

(Expired)One stop event Photography Agency For Sale

SerangoonEvent ManagementWedding Activities
Asking Price: S$777,600
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type Commercial Street Premise Size
  • Monthly Rental S$2,700 Rental Desposit S$5,400***
  • Revenue S$20K - 50K Liability N/A
  • Gross Profit S$10K - 20K Net Profit S$10K - 20K
  • Stock N/A FFE S$100,000***
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 2
  • Established 2016 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Ewan Sou

Reason For Sale

Moving onto other opportunities in other industry.

Description

SUMMARY
Instantly.sg is a one stop event photography agency that specialises in custom photo and video booth installations for events and brand campaigns in Singapore. By combining the art of photography and videography with technology, we hope to help brands/event organisers create unforgettable brand experiences for their guests.

KEY HIGHLIGHTS
- Have the most number of services within the industry.
- Some of which is proprietary to us and only provided by us in Singapore.
- We built most of our services in house so they are 100% modular with ability to upgrade / improve.
- Competent core team to support you when you take over the business.
- Featured in SGSME. sg, MoneyFM89.3, Canon, JumpStart media before.
- Worked with established clients such as Apple, DBS, Google, Sephora, LinkedIn before.
- Engaged by clients at overseas events before (For instance, to Manila for Netflix, to Japan for SK2, to Indonesia for Cartier)
- Average about 550 events every year.
- Average revenue per event is $1,131.
- Expanded to Malaysia (Kuala Lumpur) in Year 2018. Possibility to take over the Malaysia entity too can be discussed.
- Huge growth potential. For instance, franchising, going regional etc.

REVENUE
- Year 2015: $215K
- Year 2016: $300K
- Year 2017: $486K
- Year 2018: $667K
- Year 2019: $648K

NUMBER OF EVENTS
- Year 2015: 270
- Year 2016: 419
- Year 2017: 522
- Year 2018: 595
- Year 2019: 573

CLIENTS BREAKDOWN
- 70% corporate clients
- 30% weddings / kids parties

MARKETING CHANNEL
- Strong SEO
- Rank first page for a large number of keywords on Google
- Contribute about 70% of sales
- Word of mouth / Referral
- Contribute about 10% of sales
- Partnership
- With event companies
- Contribute about 20% of sales

EQUIPMENT / INVENTORIES
- At any one time, we are able to run 5 services at the same time
- Because of the flexibility of our system, we can easily scale up if need be by renting equipment
- Current value of assets is estimated at about SGD50K. It includes about 35 cameras, 6 printers, more than 10 computers, system enclosures, office racks etc.

OTHER VALUABLE BUSINESS CONNECTIONS
- Backdrop manufacturer contacts
- Props manfucturer contacts
- Photographer contacts
- Videographer contacts
- Good part timers contacts
- Delivery driver contacts

OPERATING THE BUSINESS
- Competent core team to support you when you take over the business
- Work flow on managing each event
- Owner can take on a consulting role during the transition period too

MANPOWER
- 1 x owner
- 2 x Account Manager
- 1 x Designer
- 1 x Operations Executive

WHO SHOULD BUY THIS BUSINESS
- Event companies who are looking at increasing their product/service range to boost revenue/profit
- Those who wants to have a good side line income. Most events are during weekends.

Business Operation

10am to 7pm
Business Hour
5 x cameras (1 x 70D and 4 x 700D)
5 x photo printer (2 x Double Deck Printer, 3 x Single Deck Printer)
Facilities
Owner will provide one year of full support/training
Support and Training
Photography, IT
Background & Skills

Property Information

Rent
Premise Status
2 years
Lease Term
16 Shaw Road, #04-03, Singapore 367954

Fully air conditioned
Near to Tai Seng MRT (5-10 min walk)
Premises Details
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