Description
Full Sale
Asking Price: Full 100% Takeover : SGD 1,200,000
Working Capital Loan : $700,000 (As of Feb 2025)
* Buyer can choose to takeover Loan Facilties and pay balance minus asking price
* Valued in 2023 with a Valuation of SGD 1,600,000
*Includes physical assets worth >SGD 700,000
Reason to sell : The owner has overseas business opportunities overseas and wants to spend more time managing them.
Interested buyers are requested to WhatsApp the listed number with a short introduction of themselves.
The owner will provide 3-months handover and guidance (a longer period can be discussed & open for negotiation).
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Business Overview
1. Business established in 2015, 10 Years Ago
2. Consist of 4 Departments generating individual revenue
• Automotive Car Repair
• Car Accessories & Retrofit
• Administrative Department – Accident Car Repair, Vehicle Financing, Insurance Policy Renewal
• Market Place – Online Sales of Car Accessories & Car Care Products
3. Increasing Profit Margin - Profit of >$20K
3. Highly-rated online presence on Google Business, Facebook, Caousell, Sgcarmart etc
We have our own website with online products catalogue.
4. Diverse product range in a growing category (Automotive and Car Accessories), with niche products that can be further developed.
5. We are working on expanding our services and products via online platform etc Shopee, Lazada
5. Untapped sales & marketing opportunities that one can leverage to continue scaling the business.
6. Friendly to new starters with SOP (Standard Operating Procedure) and owner's guidance to smoothen the business operations.
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Expansion Potential:
1. Untapped Marketplaces Potential: Can expand to Shopee, Lazada and further grow the Amazon Shop
2. High Scalability: Can tap on re-marketing for existing clientel base and leverage on affiliate marketing for Mass Market Promotion
3. Prospective Growth: Having a vertically motivated business model, with wide range of products to cater customer needs, Company is moving in the direction of upwards growth in the Automotive sector.
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Why Takeover Our Business:
1. Profitable and Scalable: This business is not only profitable, but it also has untapped potential for local growth and expansion.
2. Established Store: Benefit from the reputation and trust we have built in the industry. New owner can easily establish and grow in this sector.
3. Online Presence are perfectly set up and established so the new owner can enjoy continuous flow of new customers and does not need to start from scratch.
4. Wide Range of Products: Our products and services have high positive reviews with good traffic so you need not spend too much on ads. (Ads will further boost the inflow whenever needed)
5. Semi-Automated Business: Comes easy to follow business operating SOP (Standard Operating Procedure) so one can easily takeover the business.
6. Invoicing and Inventory System: We have computerized our invoicing system with product description and price guide for easy billing. E-Invoice will be sent automatically to customers mobile / email.
Inventory is also well captured in the system to keep track of existing stock inventories.
7. Taking over of existing Customers & Business Line : We have our own domain for email address and company business mobile line which is used as a main point of contact from New / Existing Customers so that new owner will not lose any leads and may enjoy a seamless Customer database takeover.
8. Easy To Manage: Our Team has been trained to handle the Operation of the business, each individual are well verse in their own task allowing a automated operation without the owner full engagement in the business.
9. Customer retainment and Membership Reward program
Products & Services Overview
Automotive Car Repair
• Continental Cars Specialized Workshop
• Preventative Maintenance Packages
• Mechatronic Unit MU, Gearbox Maintenance & Repair
• Pre Purchase / Pre COE Renewal Inspection Service
• Troubleshooting and Diagnostic Car Issues
• ABS Troubleshooting & Repair
• Engine Diagnostic & Engine Overhaul Services
• Accident repairs and Third Party Claims
• Collision Repair, Panel Beating & Spray Painting
Car Accessories & Retrofit
• 360 Surround View Camera
• Multimedia Android Headunit
• Driving Recording Camera
• Customized Push Start & Keyless Entry System
• Electric Auto Tailgate
• LED Lightings Installation (Optic Ambience LED, Legroom etc)
• Headlamp Repairs / Restoration
• Bodykit Installation
• Air Intake System
• Performance Brake System
• Car Audio System
Administrative Department
• Accident Car Repair
• Insurance Policy Renewal
• Vehicle Financing
Assets Overview
Assets includes :-
1. Invoicing & Inventory- 3x Kiosks and Backend System to track sales, inventory and client base worth ($15,000 x 3 = $50,000)
2. Website Domain with Product Listings which can be updated from back-end, SEO / SEM compatible, for easy Paid Marketing set-up and re-marketing strategy
3. Social media marketing assets (Sgcarmart, Facebook) that can be repurposed.
4. Email Domain and Business Mobile Lines as customer point of contact (Important)
5. Chatbots and Automatic reply whatsapp system enabled for broadcasting
6. Built-up Mezzanine worth $15,000 with Rackings to store Products and Goods
7. Workshop Equipments worth $100,000
• 6x Hoist Lifts
• 4 Set of Toolboxs
• Diagnostic Computers – AUTEL & LAUNCH Pad 7
• Specialised Computers (Mercedes-Benz, BMW, VW, Audi, Porsche)
• Special Tools for various car repairs
8. Rental Security deposits + Other Deposits of $45,000+
9. Product Stocks estimated $500,000
Asset of Product stock and Deposits worth >$700,000 (Excluding other tangible assets)
Facilities Overview
- Across Three (03) Units of Industrial B2 with a space of >5,000sqft
- Monthly Rental appx $15,000
Capitalization Overview
- With Existing Working Capital Loan Facilities of 700,000k (As of Feb 2025)
- 3 Shareholders with ownership of 70%, 20% and 10%
Business Overview
• Estimated Revenue for Year 2024 - $1,944,000
• Total Working Staffs : 10
• Total Working Space : Appx 5,000 sqft
Singapore
