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Luxury Furnishing Company for Sale in Singapore

For Sale: Southeast Asia's first tufting studio, featured on most major news outlets.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 600 thousand
Run Rate Sales USD 270 thousand
EBITDA Margin 10 - 20 %
Industries Luxury Furnishing
Locations Singapore
Local Time 4:26 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 500 thousand (Native Currency: SGD 700,000)
Reason: Business owners are moving on to other ventures/migrating. The valuation takes into account intangi... View More
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
ACRA Registration
Business Overview

- Featured in Straits Times, The Smart Local, TimeOut, and more.

- Over 5,000+ members.

- Strong relationships with local influencers, media, and brands, with many opportunities for collaborations.

- We have 3 full-time staff, and the owners were involved in the daily operations initially.

- Had a very big boost in sales at the start due to a lot of word of mouth from media outlets and influencers. However, we are not able to afford the time to continue growing the business due to our personal commitments and are keeping it at a maintenance level.

Products & Services Overview

Rug tufting workshops, private events, and customized rugs.

Assets Overview

Tangible assets:

- All yarns and material.

Intangibles:

- Fully trained staff.

- Fully automatic booking and payment system.

Facilities Overview

A renovated shop-house/studio space located in the heart of Boat Quay.

Capitalization Overview

- Business was funded fully by the 3 co-founders, that have 100% ownership.

- The business has no outstanding loans at the moment.

Recent Activity
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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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