Soft Furnishing Store for Sale in Singapore
Acquire a boutique carpet brand specializing in hand-knotted oriental pieces, led by an expert promoter.
| Established | 60-70 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 55 thousand |
| Run Rate Sales | USD 60 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Soft Furnishing Stores |
| Locations | Singapore |
| Local Time | 12:50 AM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.2 million
(Native Currency: USD 1,200,000)
Reason: The promoter is retiring.
The valuation takes into account the established brand name.
The valuation takes into account the established brand name.
Includes physical assets worth
USD
700 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
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Business Overview
- The business is a niche soft furnishing business located in Singapore, specializing in the sale of hand-knotted oriental carpets.
- Persian carpets are the top-selling product, known for their quality and intricate designs, appealing to high-end decorators and carpet enthusiasts.
- Products are procured from auction houses around the world, ensuring a diverse collection of unique and traditional rugs.
- Sales are driven predominantly through Instagram, leveraging the platform's visual nature to showcase the stunning carpet designs.
- Typically, the business successfully sells an average of 2 carpets per month, reflecting a focus on high-quality and niche market demand.
- The operation is managed by a small but dedicated team, ensuring personalized customer service and expertise in the field.
- The company is officially registered and has an incorporation certificate, adding a layer of credibility and trust for customers.
- Persian carpets are the top-selling product, known for their quality and intricate designs, appealing to high-end decorators and carpet enthusiasts.
- Products are procured from auction houses around the world, ensuring a diverse collection of unique and traditional rugs.
- Sales are driven predominantly through Instagram, leveraging the platform's visual nature to showcase the stunning carpet designs.
- Typically, the business successfully sells an average of 2 carpets per month, reflecting a focus on high-quality and niche market demand.
- The operation is managed by a small but dedicated team, ensuring personalized customer service and expertise in the field.
- The company is officially registered and has an incorporation certificate, adding a layer of credibility and trust for customers.
Products & Services Overview
The business specializes in selling hand-knotted oriental carpets, with Persian carpets being the top-selling product.Sales are primarily made through social media, especially Instagram.
Assets Overview
Tangible assets:- Stock of carpets worth USD 700k.
Intangible assets: Established brand name and social media accounts.
Facilities Overview
Has a rented storage facility used for stock storage, with a monthly rent of SGD 687 and has an area of 12 sq. meters.
Capitalization Overview
The business has no loans and has 2 directors, each holding a 50% stake.
Recent Activity
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Earlier than 15 daysCEO, Computers And Electronics Manufacturer, Singapore, Individual Investor / Buyer connected with the Business
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