This is an excellent opportunity for a new owner-operator to take over an established business model that has been successful since 1989 and in the same location since 1996. The key features of this opportunity include:
Low-risk business model with low royalty' fees.
Current lease till April 2027 with 5 year renewal option for $62400 plus GST rent for a 50 sqm area.
Average weekly sales $12k and rent $1400
Option to convert it into an independent store
The business is located on the busiest street with enormous foot traffic (way to the beach) and is surrounded by several varieties of retail outlets.
An owner-operator can utilize economies of scale and improve efficiencies by focusing on improvements to a store currently under management.
Singapore
