Listing Id: 15740
Last Refreshed: 01/06/2019
Total Views: 2333
(Expired)Organic Retail Shop for Takeover (Established for more than 10 years)
YishunHealth Food and Nutrition ShopsSupermarkets
Asking Price: S$50K - 100K
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Neighbourhood
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Premise Size
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Monthly Rental
S$4,300
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Rental Desposit
S$8,600
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Revenue
S$20K - 50K
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Liability
N/A
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Gross Profit
S$5K - 10K
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Net Profit
Under S$5K
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Stock
S$70,000***
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FFE
S$5,000***
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Payable
N/A
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Receivable
N/A
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Owner Role
Part Time
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Staff
3
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Established
N/A
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Source
Direct Seller
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)
Support and Training
Easy to Learn & Training provided
Background & Skills
Property Information
2 year lease end in Dec 2019
Lease Term
Yes, it can relocate to other place
Relocatable