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Listing ID: 13184
Total Viewed: 10112
Last Refreshed: 27/09/2018

E-Commerce (Lazada) Shop Dealing With Korean Cosmetics For Sale (Sold)

Jurong East, Singapore

Asking Price : S$10,000

Revenue: Under S$5K

Cash Flow: Under S$5K

Payable: SGD0***

Established: 2017

Gross Profit: Under SGD5K

Inventory: SGD6,000

Receivable: SGD1,000

Owner Role: Part Time

Net Profit: Under SGD5K

Liability: SGD0***

FFE: SGD0***

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

***NOT included in asking price

Reason To Sell
Does not fit in our business model, we got the relevant information that we need
Business Description

Hi, we are looking to sell our e-commerce shop (Lazada), you can view it here

We are selling the Lazada account, business model and inventory. We are looking to keep our name and company, so you can use your own company name to take over.

This is a simple business model of keeping stocks we purchase in Korea from a trusted distributor and selling on Lazada in Singapore. You can operate this from home as a part-time basis, but for us, our main business is unable to support this business arm.

We sell brands like Innisfree, Laneige, Nature Republic, Sulwhasoo, Mediheal etc

You can sell other Korean brands that my Korea distributor may have.

We are an MNC and bought over this small business from the previous owner to test out this business model, but unfortunately it was not workable for us. We got the relevant information that we need from this business already so this asset is to be dispose off.

Our first month sale in Feb 2018 was about $1000 as we were doing several experiments. We are currently not selling the products on other platforms like Qoo10 or Shopee which the previous owner did, so sales were not maximised.

We are looking for a new owner to take over just the business itself (not our company), together with our inventory (Estimated SGD6000), debtors (Sales that Lazada yet to pay us) at estimated $1000. We will also give you the Carousell account rosesxkisses.

The handing over process will be:

1) Switch over Lazada account to your company name

2) Update of bank account details and other information on Lazada (Takes about 5-7working days for Lazada to approve)

3) Send over the inventory to your desired location (One trip delivery only)

4) Korea supplier details will be given and explain on how to place orders

5) One day training and guide through on Lazada Seller Center portal, order fulfillment, common issues that arise

6) Three months Q&A support via Whatsapp

There will not be any S&P agreements, so everything will be kept simple.

***Updated 19/03/2018

We did an actual stock take and the inventory is actually $6177.00 so we are putting up the total price to take over as $10,000.00

This price is non-negotiable.

Contact me Anson 9423 1078 

Business Operations
Business Hour:
Preferred Skills:
IT knowledge, simple e-commerce understanding and basic business sense
Supporting and Training:
One full day handover, three months Q&A support
Not Disclosed
Property Information
Premise Status:
Work At Home
Yes, it can relocate to other place
Home Base:
Yes, it can work at home
Other Information
Less than 10 players in Singapore e-commerce market for Korean cosmetics
Expansion Potential:
Huge potential for passionate new owners

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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