Listing Id: 15055
Last Refreshed: 26/06/2019
Total Views: 4233
(Expired)Profitable Sales Organisation Promoting Cashless Payment
Central AreaFinancial Services
Asking Price: S$5,000,000
Business For Takeover
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- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
S$500K-1M
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Liability
N/A
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Gross Profit
S$500K-1M
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Net Profit
S$100K - 200K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
5
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Established
2015
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Source
Direct Seller
Reason For Sale
Scalabilty. As this business requires the financial investment to increase the staff strength, it is imperative that we need a business operator with the financial strength to expand the business further. The income has a direct co-relation to the increased sales from new and existing merchants
Description
ICANPAY PTE LTD is in the business of promoting cashless payment for our partner, Wirecard Singapore. A major global payment platform specialist HQ in Munich.
We are an Independent Sales Organisation and we promote the acceptance of Visa, Mastercard, JCB, China Unionpay and WeChat pay at merchants in Singapore. To date, more than 1000 merchant outlets have benefited from our service. The total sales porfolio is worth more than $180million in 2018.
Merchants severd by us include restuarants, retail, wellness & beauty and eletronics. Our core revenue is from the sales commission earned based on a percentage of the sales generated by these merchants. This commission is recurring and is calculated monthly. Separately, we also derived revenue from renting card acceptance terminals directly to merchant.