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Profitable Home Furnishings Business for Sale in Singapore

Profitable made-to-measure curtains & blinds business for homes & offices in Singapore from Day 1.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 400 - 500 thousand
Run Rate Sales USD 500 thousand
EBITDA Margin 20 - 30 %
Industries Home Furnishings + 1 more
Locations Singapore
Local Time 10:41 PM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 300 thousand (Native Currency: SGD 398,000)
Reason: Owner is pursuing other biz opportunities.
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Business Profile
Business Overview

- Customised curtain and blinds traders based out of Singapore.

- The business was started in June 2018 and we get customers purely through online marketing via Google and Facebook only.

- In a normal workflow: we go to customers' places, take measurement of the windows & doors and install curtains/blinds post that.

- We have strong working relationships with trusted suppliers for the products with good credit terms.

- We are a "fabless" entity, as we outsource production to trusted partners. This reduce risk and lower overheads by a lot. (Relative safe business for owners who are new to this trade. )

- Have garnered more than 300 genuine positive reviews on Google page. You will be inheriting a strong brand reputation.

- First in local industry to introduce an online booking system with real time tracking of advisors for appointments.

- Backend systems and processes have been digitalised for ease of processing and communications with suppliers. No more paper forms!

- Proper bookkeeping system has been setup in Xero with automatic bank reconciliations, easy to keep track of business performance.

- Strong website presence in Google, ranked along with the big boys in the same competitive industry. Received thousands of web visitors for free every month. We even outranked IKEA for some search terms!

- Unique website with online catalog which allows customers to self-serve and get quotes. (This is the FIRST in the local industry as far as we know too. )

- Repeat customers from past years.

- Currently operating in a hybrid online/offline mode from Mon-Sat only during normal office hours. Off on Sundays and Public Holidays. (We intentionally "tie" our hands to enjoy family time. )

- Growth opportunities available: Expand working hours into full retail mode, create more product lines and/or packages. Explore IG or TikTok marketing channels which we have not really touched. Open up partnership channels with IDs, agents, contractors, etc. Cross-selling products/services in the home niche and etc.

- If desired, the existing in-house manager can run the business without much intervention from you.

- Gross profit margins is 47.7%.

- If you have your own team and place, you can extract maximum profits from this business very fast.

- Depending on your profile or what existing business you have for synergy, its possible to make back your investment in less than 2 years!

- Great synergy with Renovation companies, Interior design companies, contractor, home furnishing trades and etc.

- The seller is only asking for 0.6x Gross Revenue as selling price, which is only about 1.2x of Gross profits. You won't get this kind of deal elsewhere. Grab this deal before the seller regret it, PM us now!

- Seller financing is available with only 30% downpayment. Rest over 12 months instalment with interest.

- Am also open to partial investment for working synergy. PM to chat more!

Products & Services Overview

- Made-to-measure curtains & blinds for Singapore homes or offices.

- Indoor Curtains.

- Indoor Blinds.

- Outdoor Blinds.

- Zip Blinds.

Assets Overview

- Strong unique website which is essential an online "salesperson", ranked highly on Google for competitive keywords. (This website is worth more than 100k if you know how to value it by comparing with Google Ad Spend. We receive thousands of web visitors for free every month. )

- Website developed and maintained in-house, you will not be held hostage by developers.

- 300+ verified genuine reviews on Google Business profile. Strong brand reputation with repeat customers.

- One 2021 NV200 (Petrol) Van, can keep or dispose depending on your needs. On 7 yr loan, instalments are ridiculously low, cheaper than renting!

- Great working relationships with suppliers.

Facilities Overview

Office and Showroom is in Woodlands, Singapore on rent. B1 space.

Capitalization Overview

100% ownership by one person. Small outstanding loan of 70k which was taken to boost up credit history. (The Seller will clear this loan before handing over the business. The Buyer will not need to inherit this loan. )

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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