Singapore Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
The company is a private limited company established in December 2016 that specializes in podiatry clinical service and wholesale/retail of sports injury and footcare products.
The company founder is a medical professional who worked in a hospital and opened the business offering podiatry clinical service which was running well. The business managed to clinch distributorship for specialised footcare and sports injury products.
Majority of the business is through referrals from GPs, Orthopaedic surgeons and physiotherapist in Singapore. The target market at the moment is young to middle aged adults who have sports /fitness related injury, and are mainly middle to upper middle income group.
The reason for sale is due to relocation needs of the founder back to the UK hence the business sale.
The potential is great because of the growing aging population who are sports enthusiasts and Singapore is reputable for medical expertise whereby Doctors can refer overseas patients to the business.
Most of the sports braces and supports available in Singapore are low quality for mass market whereby no proper customized sizing is done hence the pain relief and efficacy are compromised. No expert information is provided by pharmacies in Singapore as well.
High potential growth can be achieved mainly through online marketing and listing on ecommerce platforms like Lazada and Shopee.
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