Listing Id: 15167
Total Views: 16434
(Sold) "SOLD" - Profitable Electrical Appliances firm For Sale 97498301
Central Area
Date Closed: 09/10/2019
Asking Price: S$650,000
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
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
Philippines