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Listing Id: 26533 Last Refreshed: 18/10/2022 Total Views: 2583

Wooden Furniture Business For Sale!!

Central AreaFurniture Stores
Asking Price: S$750,000
Business For Takeover
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Peter Wan Dream Centre Business Brokerage Pte Ltd

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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 Full Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Other business venture

Description

*Well -Established Wooden Furniture Business for Sale!!*

โญ๏ธ Strong Online Presence :
Lazada and Shopee platforms

โญ๏ธ Physical presence in Prime location


๐Ÿ’ฝ Rentals:
๐Ÿ‘‰๐Ÿฝ 1st Showroom monthly rental :
currently $3000;
$3500 ( from Jan 2023)
๐Ÿ‘‰๐Ÿผ Carpentry Workshop rental:
$2354 ; lease till 31/01/23
๐Ÿ‘‰๐Ÿผ 2nd Showroom monthly rental:
$5000 ; lease period -1/9/22 to 31/8/26

๐Ÿ’ฝInventory (estimated)
๐Ÿ‘‰๐Ÿผ300 pieces Wood slabs
Valued at $500,000

๐Ÿ’ฝMachinery:
๐Ÿ‘‰๐ŸผWoodworking tools
๐Ÿ‘‰๐ŸผMetal Racking for display purposes

๐Ÿ’ฝ Staff :
๐Ÿ‘‰๐Ÿผ 1 Full Time local employee
๐Ÿ‘‰๐Ÿผ 1 part-time local employee
๐Ÿ‘‰๐Ÿฝ 3 WP holders

๐Ÿ’ฝ Revenue (estimated) :
๐Ÿ‘‰๐Ÿฝ 2019: $944,000
๐Ÿ‘‰๐Ÿฝ 2020: $871,000
๐Ÿ‘‰๐Ÿฝ 2021: $966,000
๐Ÿ‘‰๐Ÿฝ 2022: $950,000 ( Projected)
๐Ÿ‘‰๐Ÿฝ 2023: $1,400,000 (Projection- based on opening of 2nd showroom)

๐Ÿ’ฝ Projected Profit:
๐Ÿ‘‰๐Ÿฝ $180,000

๐Ÿ’ฝ Selling Price:
๐Ÿ‘‰๐Ÿฝ $750,000 negotiable (100% shareholding)

๐Ÿ’ฝ Takeover fee inclusive of
๐Ÿ‘‰๐Ÿฝ Existing employees
๐Ÿ‘‰๐Ÿฝ Director guidance ( Complete handover after 6 months at $6000/ month)

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