Singapore

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Listing Id: 28425 Last Refreshed: 29/05/2023 Total Views: 834

(Expired)Profitable, Low Cost, Unique Ear Plugs Business For Expansion

Pasir RisBag and Luggage Stores
Asking Price: S$50K - 100K
Business For Takeover
Look For Investor
Look For Partner
Marissa Tang

Overview

  • Premise Type Work at Home
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Looking for partner to scale

Description

Quick introduction of the business - Premium Ear Plugs (retails SGD $39) - 127% funded on Kickstarter (designed in Singapore)
Ear plugs do not produce music, don't be confused with ear phones or ear buds. They BLOCK out noise.

Not a saturated market - Niche market (little competition)
Business is very low cost and already profitable (started since 2021)
Mostly sales through Lazada and direct website
Have a sole distributor in Singapore (Sold at Changi Airport, TANGS Orchard, Swee Lee to name a few)
Main prescence in Singapore. Dipping the toes in Malaysia, Taiwan, Hong Kong and Dubai
Have an existing VC on board
Premium ear plugs that comes in 3 different foam tips size
Inventory fully paid, no storage fees
Great reviews on Carousell, Lazada and website

Customer base:
- Light sleepers
- Motorbikers
- Musicians who jams
- WFH adults who want peace and quiet
- Party goers
- Users who have inconsiderate neighbours

I don't intend to sell 100% of the business as it's bringing me a humble passive income without doing much. However, I am looking for someone with experience and hands-on to scale this business. To be frank the earnings per month is little because I am doing absolutely nothing to push it over the last few months - discovery is purely organic and repeat purchases from B2B buyers.
I'm not a big fan of spending $ on paid marketing, but looking for someone with existing connections to scale this B2B and overseas. Connections to distributors in Asia. I'm more about sales than branding.

I prefer not to work with potential partners who only wish to provide leads and be a silent investor because let's face it, everyone feels that their network is valuable and they have good leads but few can actually convert.

I want someone hands-on who actually delivers results. Am happy to discuss royalty deals and a share of the business if they buy-in.

Just testing the waters and looking for genuine investors/partners to scale this business.

Property Information

Rent
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