Businesses For Sale in SingaporeSingapore

Listing ID: 13661
Total Viewed: 1331
Last Refreshed: 14/05/2018

Minimart In Condo For Sale !

Bukit Timah, Singapore

Asking Price : SGD7,000

Revenue: Under SGD5K

Cash Flow: Under SGD5K

Payable: Not Disclosed

Established: 2016

Gross Profit: Under SGD5K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Under SGD5K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 1

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

Reason To Sell
Concentrate on other Business
Business Description

This minimart has been in operation for two years in a condo along upper bukit timah.

Novel concept - 100% unmanned, Self Checkout with CCTV installed

 

For 7K you get

1) Existing Stock (worth at least 2k)

2) 1 freezer and 1 fridge (worth at least 1K)

3) CCTV (1k)

4) Point of sales with link to nets machine ( 5K)

5) shelves 

6) Contacts with all the suppliers


Lease for the shop ends 31 Masy 2018, but landlord would like to carry on with the lease. Rent is very reasonable. 


We are letting go to focus on another business. Because it is completely unmanned, i have a part timer to come in once a week to tidy up and to re-stock the shop.  we have no time to take care of the business. 


Things that can done to maximise profits

1)  Advertising to condo residents and residents of nearby condos

2) Delivery to nearby residents (we had requests for this but did not have the time to do as I am working full time and are running other businesses) 

3) Act as laundry collection point (again, we had requests for this but did not have time to do)

4) Sell tobacoo (we currently do not have a tobacco license)




Business Operations
Business Hour:
24 hours
Preferred Skills:
-
Supporting and Training:
Can be done within 3 days. it is a very simple business. Thereafter can provide support for up to a month
Staff:
, 1 Part Time
Property Information
Premise Status:
Rent
Premise Size:
330sqft
Other Information
Competition:
There is a petrol station across the road but residents need to cross a big overhead bridge and the things there are significantly more expensive.
Expansion Potential:
Can use the same concept at other locations.

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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