Service Apartment Business

A 22 years service apartment business is for sale. The company manages 100 plus condominiums in Singapore. The rental is short term and clients are mostly foreigners. With a robust marketing team, the occupancy rate is always above 90%. The sale price comprises of S$1.2m refundable deposits for the condominiums and S$800,000 goodwill. Don’t miss this great chance to own this highly profitable business.

Price

S$2,000,000

Location

Islandwide

Revenue

S$6,500,000

Net Profit

S$650,000

Net Asset Included In The Sale

-

Company Type

Private Limited

GST Registered

Yes

Years in Business

22

Why Did We Set Up

Hospitality is a great business

Owners Role

Managing

Owners Background

Businessperson

Our Achievement

Many positive feedbacks

Our Customer

Foreigners

Our Competitor

Few

Manager

3

Full Time

17

Part Time

0

Premise Size

1000sf

Lease Term

2 years

Rental

S$3,000

Trading Hours

9am-5pm

Training By Owner

Yes

Relocatable

Yes

Reasons For Selling

Retire

Cash For Expansion

Minimal

Back Up Cash

Minimal

Staff Staying

Yes

Training By Owner

Yes

Expansion Potential

Yes

Additional Info

-

SOLD

Business Enquiry

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