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Listing Id: 15167 Total Views: 15549

(Sold) "SOLD" - Profitable Electrical Appliances firm For Sale 97498301

Central Area

Date Closed: 09/10/2019

Asking Price: S$650,000
  • Premise Type N/A Premise Size
  • 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
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason For Sale

Owner is retiring

Description

- Heritage firm as it has been in operation for closed to 30 years
- Profitable with above $1 mil yearly gross turnover
- Double digit net profit margin
- Holding distribution rights/sole agent/authorised dealer for well-known electrical brands and OEMs for several popular electrical consumer and marine products
- Built good relationship and have many long term loyal corporate customers
- Experienced and loyal staff
- Sell with naming rights, inventories, customers data base etc
- Operator is retiring and prepared to transfer the business know-how to the new buyer
- Asking takeover fee nego (include inventories of about $650k and No Liabilities)

Interested please contact 97498301

Property Information

Rent
Premise Status

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