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Service Apartment Business

S$2,000,000

Enquiry

Call now for discussions

+65 6356 9138

Description

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

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

Relocatable

Yes

Reasons For Selling

Retire

Cash For Expansion

Minimal

Back Up Cash

Minimal

Staff Staying

Yes

Training By Owner

Yes

Expansion Potential

Yes