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Office Space for Sale in Singapore

Profitable Singapore-based virtual office business with 2,000+ clients, recurring revenue, and regional expansion potential.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 296 thousand
Run Rate Sales USD 370 thousand
EBITDA Margin 20 - 30 %
Industries Professional Services + 1 more
Locations Singapore
Local Time 12:10 AM Asia / Singapore
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.04 million (Native Currency: SGD 1,333,000)
Reason: The owners want to retire. Seller's asking price at SGD 1.333 million, representing approximately 6... View More
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Business Overview
Profitable and scalable virtual office business in Singapore: An opportunity to acquire a stable, high-growth business with expansion potential, ideal for strategic investors seeking exposure to Asia's virtual office and digital mailbox market.
Company highlights:
- Established track record: Operating for 8 years, with over 7 years of proven performance in Singapore.
- Business model: Generates recurring subscription revenue through virtual office services.
- Clientele: Serves over 2,000 active clients.
- Financial performance: Revenue has grown and is projected to continue growing at a 22% CAGR over the last 4 financial years, with profits expected to grow at a 27% CAGR during the same period. The business operates debt-free.
- Search prominence: Consistently ranks on Google’s first page for targeted keywords.
Market overview & trends:
- Booming demand: Demand is driven by businesses downsizing or going fully remote, along with startups and entrepreneurs seeking cost-effective, professional business addresses.
- Market segments: Services range from low-tier (SGD 50–80/year) basic mail services at non-premium addresses (e. g. , GAIA), to high-tier (SGD 800-1,500/year) premium serviced offices (e. g. , Regus and ServCorp).
- Competitive positioning: The company operates in the mid-tier segment, offering flexibility to a wide customer base and holds strong potential to expand into lower-tier markets and increase market share.
Competitive advantages:
- Market consolidation: As the industry matures, smaller providers are expected to exit, allowing established players to capture greater market share and enhance pricing power.
Expansion potential:
- Digital mailbox revolution: Significant opportunity to scale via digitized services, with successful global comparable:
- iPostal1 (USD 5.1M revenue): A pioneer in digital mailboxes and an existing partner.
- Anytime mailbox (USD 18.1M revenue): A leader in cloud-based mail virtualization platforms.
- Asia-pacific rollout: Strong potential to replicate digital mailbox offerings across the region by leveraging the existing client database and overseas partnerships.
- Untapped opportunities: The company has explored digital expansion but not yet executed, presenting a clear opportunity for investors to unlock significant value.
- The business engages 4 to 5 temporary employees on a need basis to support ongoing operations.
- Duly registered, and no industry-specific licenses are required to operate.
Products & Services Overview
- The business provides virtual office and digital mailbox services to startups, SMEs, entrepreneurs, and remote-first companies seeking cost-effective, professional business addresses in Singapore.
- Its subscription-based offerings include mail handling, business address registration, and virtual reception services, catering to a mid-tier market segment.
- Clients use these services to establish a credible business presence, especially as many adopt fully remote or downsized operations.
Assets Overview
The business doesn't have any physical assets of significant value.
Intangible assets include IPs, domain, customers base & business registrations/licenses.
Facilities Overview
- Prime virtual office setup at a prestigious street address, enhancing client credibility.
- Streamlined operations managed by a lean team, ensuring efficiency and low overheads.
- Committed lease secured at an affordable rate with 3 years remaining, providing operational stability and cost control.
Capitalization Overview
Self-funded.
No outstanding loans.
There are 4 shareholders in the business.
Recent Activity
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1 Buyer contacted this Business this month. Register below to connect now!
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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