United States

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Listing ID: 239 Last Refreshed: 24/04/2019 Total Views: 14319

Glass Art Studio for Sale

Woodlands

Asking Price: S$220,000
Glass Art Studio for Sale
  • Premise Type N/A Premise Size 1700sqft
  • Monthly Rental S$1,600 Rental Desposit N/A
  • Revenue S$10K - 20K Cash Flow N/A
  • Gross Profit S$5K - 10K Net Profit S$5K - 10K
  • Stock S$50,000*** Liability S$0
  • Payable N/A Receivable N/A
  • FFE N/A Established 1989
  • Owner Role Full Time Staff 4
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Luke Goh
Email Owner

Reason For Sale

Retirement, Change of Trade

Description


1) Company Profile - Established in 1989, our sole purpose is in the restoration, commissions, projects and education of Glass Art and its forms - Stained Glass, Glass Mosaic, Glass Fusing. 



2) Core Businesses :-

a) Commission Jobs - Stained Glass, Fused Glass Commissioned Installations for Corporate, Instituitional & Residential.

b) Instruction - Glass Art Classes - Stained Glass, Glass Mosaic, Glass Fusing, Glass Painting for Schools, Clubs & In-house (we have a student base of 1500+ and the only Studio authorised by the National Arts Council to conduct these courses for all Schools in Singapore from Primary to Junior College level)

c) Retail - Full Range of Glass Art Supplies, Tools, Equipment & Materials to Student Base and Schools.



3) Profit Margin

Our profit margin in this industry for our core businesses ranges from 50% to 200%



4) Financial Track Record

Since establishment in 1989, we have consistently achieved year-on-year Profit and maintained a debt-free status throughout



5) Goodwill & Reputation

Through our years of operations, we have garnered a reputation for creative designs, quality workmanship & professional conduct among Architectural, Construction &  Interior Design circles.



In the education sector, we are well-known for our expertise in the Glass Arts among Schools, Students & the General Public. (Pls refer to our press clippings as attached)



Overall, we have a good list of contracts from Vendors, Customers, Consultants, Students and a positive public image their our press & TV publicity.



6) Sale of Business & Transfer of Interests

Ideally, we would like to sell our business to a similiarly inclined party who shares our values of quality, professionalism & artistic integrity. It is our intention to transfer all interests of our business to the eventual owner, whilst ensuring a smooth transfer and maintenance of the company's goodwill and reputation thru to the new owner.



To this end, our package for the sale of this business also includes our Professional Consultation to assist in the Technical & Commercial aspects of the transfer.


Business Operation

3 months
Supporting and Training

Property Information

Rent
Premise Status
7 months lease expire in February-2014
Lease Term
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