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A News/Media Tracking company started operation from scratch 10 (ten) years ago. Revenue (sales) has shown a double digit growth annually since commencement of business, generating an annual sales revenue of S$1.3 - S$1.5 millions. Large slice of the sales comes from clients who are on long term contracts of 1-2 years and many such clients have been with the company for a few years. There is potential for growth in the Singapore market as the company's revenue is mainly generated from a particular segment of the market. In addition there are also the other Asian countries to tap from.
The company operates from its own premises and also from leased premises. It also fully owns all the hardware and software and other fixed assets. All accounting records have been properly maintained by qualified accounting personnel.
The 2 (Two) founding shareholders with to divest their shareholdings to an interested investor. A smooth handover of the business has been envisaged and training can be provided if it is necessary. The founding shareholders wish to retire.
Real Property Included
freehold commercial building
Currently the company is focusing on one particular segment of the market, namely statutory boards and government agencies. The commercial segment is another big market. Company's business mainly covers Singapore and there are the other Asian countries
There are about 3 - 4 competitors in the segment of our market
Founding 2 shareholders wish to retire
Support and on the-job-training will be provided to ensure smooth handover
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