Singapore

Sell a Business

Listing ID: 15740 Last Refreshed: 07/05/2019 Total Views: 222

Organic Retail Shop for Takeover (Established for more than 10 years)

Yishun

Asking Price: S$50K - 100K
  • Premise Type Neighbourhood Premise Size 700sqft
  • Monthly Rental S$4,300 Rental Desposit S$8,600
  • Revenue S$20K - 50K Cash Flow N/A
  • Gross Profit S$5K - 10K Net Profit Under S$5K
  • Stock S$70,000*** Liability N/A
  • Payable N/A Receivable N/A
  • FFE S$5,000*** Established N/A
  • Owner Role Part Time Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Email Owner

Reason For Sale

Lack of Manpower, Change of Business Enviroment, Other Commitments

Description

About the Business

- Compehensive Organic Retail Store in the North

- Selling Organic/Natural Products & Fresh Vegetables/Fruits

- Established for more than 10 years

- Stable customer base (More than 5000 members)

- Reliable Retail management system with CRM (Vend POS)

- 3 Staffs (2 Singaporean, 1 Work Pass)

- Owner will ensure Smooth Takeover (Easy to Learn & Training provided**)


Strengths of Business

- Reputable Name in the Industry (More than 10 years in operation)

- Established customer base (More than 5000 members)

- Probably the only one of its kind in the North (Specialised in Organic Retail)

- Reliable Retail management system with CRM (Vend)

- Wide range of Products & Suppliers

- Good understanding of Products & Nutrition (Owner & Staffs)

- Good working relationship with our Suppliers/ Partners

- Top search in Google SEO


Weaknesses of Business

- Quiet Location (Less Walk-Ins/ Footprints)

- Long Operating Hours (8am-8pm)

- Limited Payment Options (Only Cash & NETS)

- Limited Delivery Options (Due to Cost & Manpower)

- Limited Online Presence & Consumer Engagement

- Limited Trained Staffs

- Heavy dependant on local Suppliers for Stocks


Opportunities

- Setup online store and have islandwide delivery

- Continue to built online presence & consumer engagement

- Move to better location (Nearer to MRT or central market)

- Work/Partner with different organizations & suppliers for visible promotion

- Import more products & develop own product range

- Sell more vegetarian products


Threats

- Changing Retail Business Environment

- Big players (NTUC) entering the Organic Market

- Online Delivery (HonestBee, RedMart)

- New Competitors in the Neighbourhood

- Discontinue of main products by Suppliers

- Equipments Breakdown (Maintanance Costs)

Business Operation

Owner will ensure smooth takeover (1-2 months support)
Supporting and Training
Easy to Learn & Training provided
Background & Skills

Property Information

Rent
Premise Status
2 year lease end in Dec 2019
Lease Term
Yes, it can relocate to other place
Relocatable
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