Owner has been assigned overseas and will not have time to manage the business
Description
Chase your dreams to run your own minimart as a source of passive income (part-time) or retirement plan. Here is one minimart with a relatively small entry price that will be profitable from Day 1. Potential to increase profitability even further through several channels should owner have some time to develop the business.
Reasons to buy: Location: The ONLY minimart within the condo in the Upper Bukit Timah; with the nearest supermarket / convenient store located at least 15 mins away; given profile of residents at the condominium, selling prices are higher than most HDB minimarts Rental: One of the lowest rentals in the area at only 2.2k per month for a c.450sqf space with reasonable landlord Products & services: 1-stop shop for residents in the condo with both liquor AND cigarette licenses and also provides laundry and dry cleaning, top up, cash withdrawal and home delivery services Operations: Includes a POS system, NETS machine, and chiller (1 unit) and freezer (1 unit) (valued at $3.5K each). Training: Owner training can also be provided for smooth transition, along with a complete list of current suppliers. Offer: Discounted price of $69K, all inclusive of: - Product stock ($10,000) - Rental deposit ($6,600) - One chiller and freezer ($6,000) - Liquors and cigarettes licenses - POS systems / NETS machine, and chiller / freezer - Shelves - Supplier contact - Owner training Dealing diectly with owner so no agent commission required, which is factored into the offer price Reason for sale: Owner has been assigned overseas and will not have time to manage the business
Interested parties please leave your contact number and email address
Singapore