Singapore  Singapore

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Listing Id: 13809 Last Refreshed: 29/04/2023 Total Views: 10035

Team Building Event/Management Biz For Sale

GeylangEvent Management
Asking Price: S$200K - 500K
Business For Takeover
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Overview

  • Premise Type Office Building
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Focus on other commitments

Description

Team Building/Event Management for Corporates

๐Ÿ’ฝ Established in 3/4/12

๐Ÿ’ฝ Shop/biz operation office :
๐Ÿ‘‰๐Ÿผ monthly rental $2,900
๐Ÿ‘‰๐Ÿผ no GST
๐Ÿ‘‰๐Ÿผ approx. 1,600sq.ft.
๐Ÿ‘‰๐Ÿผ balance lease 2 years,
1 Jan 2018 โ€“ 31 Dec 2019
๐Ÿ‘‰๐Ÿผ cost of renovation $20,000
๐Ÿ‘‰๐Ÿผ moved into empty space; then designed and furbished for business purpose; installed 4 new AC units
๐Ÿ‘‰๐Ÿผ renovated 5 months ago

๐Ÿ’ฝ Estimated yearly Turnover :$1.5M

๐Ÿ’ฝ Estimated yearly
nett profit
๐Ÿ‘‰๐Ÿผ past 1 year = $259,800
๐Ÿ‘‰๐Ÿผ Previous 2 years = $302,000
๐Ÿ‘‰๐Ÿผ Average 5 years = $291,000

๐Ÿ’ฝ Directorโ€™s involvement in the biz
๐Ÿ‘‰๐Ÿผ Since Janโ€™18 the company staff have been trained to run almost โ€œauto-pilotโ€
๐Ÿ‘‰๐Ÿผ Used to be involved in Strategy, Business Development, Team Management, meetings and facilitation of big and mostly important events

๐Ÿ’ฝ Staff :
๐Ÿ‘‰๐Ÿผ 11 + 1 intern
๐Ÿ‘‰๐Ÿผ Local = 5+ 1 PR
๐Ÿ‘‰๐Ÿผ EP = 2
๐Ÿ‘‰๐Ÿผ S-Pass = 1
๐Ÿ‘‰๐Ÿผ DP = 2
๐Ÿ‘‰๐Ÿผ Intern = 1

๐Ÿ’ฝ Operating hours :
๐Ÿ‘‰๐Ÿผ 9am - 6pm (Mon-Fri)
๐Ÿ‘‰๐Ÿผ Casual events on weekend

๐Ÿ’ฝ Reason for selling:
Directors want to move to coaching and develop businesses and also relocate.

๐Ÿ’ฝ Selling price $430,000 negotiable
Thank you & blessings
Peter Wan
Dream Centre

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