Selling and Renting in Singapore with Asian Business Brokers (Singapore)
Updated: 19 May 2021
The current global pandemic has obviously had a significant impact upon buying and selling businesses, commercial property, business partnerships and land.
The following summarizes what a Seller should expect if they list to sell at this time:
- Sale values are very low (less than half of what they were prior to the pandemic). If you set your asking price at anything more than what the business has proven it generated in NET PROFIT over the last 12 to 18 months it is unlikely we can find you a Buyer.
- The time taken to find a Buyer and transfer a business is approximately 6 to 12 months (assuming the Listing is priced correctly, is viable and is in a ‘main’ location).
- Where rent is involved, Buyers will often need a guaranteed rental reduction and security deposit reduction prior to committing to buy a business and take on a lease. If your business is conducted from a rented premises and your landlord is unwilling to negotiate rent, it is unlikely we can find you a Buyer.
- Buyers need to see business financials. Typically, they need to see the last three years trading profit and loss and the last three years balance sheets. If you don’t have them or are unwilling to supply them, you are pretty much wasting your time. Asian Business Brokers will NOT list your business for sale if you are unable to provide us with financials at the time of preparing your listing for sale.
To discuss selling your business, please contact us by email – firstname.lastname@example.org, or call on +66 2 001 9847 during normal business hours.
Our listing conditions and rates of commission are described in our LISTINGS INFORMATION SHEET. We encourage you to read this document prior to contacting us.
Sukhumvit Soi 101, Bangkok
+66 2 001 9847
10am to 5pm Monday to Friday, and 10am to 1pm Saturday (UTC +08:00)CONTACT US NOW