Listing ID: 15735 Last Refreshed: 20/05/2019 Total Views: 512
01. OVERVIEW SUMMARY OF OUR BUSINESS
Our farm is a custom built building of 60,000 square foot (with a building foundation that can be expanded to duo stories), with a total floor area of 102,000.00 square foot land area.
- The business is fully licensed with both import and export permits, online ornamental fish licenses.
- Rental fully paid for another 3 years
- Option to renew for another 10 years
- Floating AR of an estimate of SGD$ 600,000.00
- 6000 glass tanks
- Existing stocks worth SGD$ 150,000.00
- Our own vehicles
- Small Dynamic Team of 48 staff
- Unique CRM System
- In-House Lab
Takeover Fees includes the optional renewal rental for another 10 years. This is a great opportunity to either take over the premises or the entire business with existing sales.
02. REASON FOR SALE
Due to the lack of interest of our family wanting to carry on the business and the founders are retiring, we have decided to sell one of Asia biggest Ornamental Fish (Marine and Fresh) Import and Export Business. This is near to 50 years old business, with a wide network of distribution to distributors, wholesalers and retailers from more than 40 different countries with weekly international exports and also local distribution, with a monthly sales of SGD$ 700,000.00 to SGD$ 900,000.00
Our custom built SGD 4.5 million infrastructure has more than 6000 glass tanks, comprising of different systems that can be customized to any different biotypes, ensuring a stressfree environment for any ornamental tropical fishes. A small dynamic team of no more than 50 people ensures our company operating with minimum overhead and a maximum profit-making business model. On site, is also a team of dedicated staff in the quarantine and export department, making sure our export fishes are of the highest quality.
The purchase of the business will include our existing stock worth SGD$ 150,000.00, our custom built facility (with a foundation that can be expanded to 2 stories) spread over a 102,000 sq ft with a built-up area of approximately 60,000 sq ft, all import and export licenses, online retail licenses, a floating AR of SGD$ 600,000.00
The rental land belongs to SLA and an option to renew it for another 10 years is available due in 3 years. The takeover fees include rental for another 3 years as well.
03. OVERVIEW OF THE ORNAMENTAL FISH IMPORT AND EXPORT BUSINESS IN SINGAPORE
The ornamental fish sector is a widespread and global component of international trade, fisheries, aquaculture, and development. Statistics reported to FAO from member States indicate that the world export value in 1998 of ornamental fish was US$174 million, with imports valued at US$257 million.
Since 1985 the value of international trade in exports of ornamentals has increased at an average growth rate of approximately 14% per year. Developing countries account for about two-thirds of the total export value. The entire industry, when the non-exported product, wages, retail sales, and associated materials are considered, has been estimated to be worth around US$15 billion.
This is a great opportunity to invest in a business that has 47 years of experience and 48 staff members supporting a self-running business with average revenue of SGD$ 600,000.00 per annum.