Listing Id: 31778
Total Views: 1403
(Sold) Luxury Furnishing Retailer For Sale In Singapore
Central Area
Date Closed: 30/09/2024
Asking Price: > S$5M
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Shopping Mall
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Premise Size
N/A
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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Stock
S$2,500,000***
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FFE
N/A
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Payable
N/A
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Receivable
S$1,000,000***
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Owner Role
Full Time
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Staff
30
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Established
1990
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Source
Direct Seller
Reason For Sale
Senior age owners intend to retire.
Description
Prestigious Designer Furniture Retailing Group
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Operating as a premier brand for more than 20 years, this company specializes in offering exquisite European furnishing tailored to discerning individuals.
• A renowned designer furniture retailing brand
• Multiple physical and online presence in Singapore
• Long term strong partnerships with top European designer brands
• Strong business resilience against economic turbulence and pandemic with breakthrough growth even during tough times
• Revenues circa SGD$7m in past years 2022 and 2023
• 3 years revenue CAGR 8.9% and gross margin CAGR 8.8%
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This presents an ideal opportunity for investors or acquirers looking to enter or expand within the home furnishing industry. This opportunity pertains to an outright full sale and is intended for serious inquiries only
For further information and a detailed discussion, please reach out to us at info@businessvaluation.com.sg or call 6950 1120 / 8849 8462
Business Operation
Several retail fronts in popular shopping malls in Singapore and neighboring country.
And fulfilment warehouses in both countries as well.
Facilities
Ample support and training will be provided, depending on the preferences of new owner. Current owner is willing to stay on for reasonable period of time to assist in handover of business operations.
Support and Training
Greece