Listing Id: 32312
Last Refreshed: 18/07/2024
Total Views: 897
(Expired)Selling Winning Formula & Expertise
Bukit PanjangConvenience Store
Asking Price: Price On Request
Business For Takeover
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- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Neighbourhood
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Premise Size
N/A
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Monthly Rental
S$2,000
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Rental Desposit
S$2,000
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Revenue
S$24,000
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Liability
N/A
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Gross Profit
S$11,000
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Net Profit
S$8,000
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
N/A
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Established
N/A
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Source
Direct Seller
Reason For Sale
Moving overseas
Description
Revenue will be higher if choose to sell cig. Most Cigarette profit is around 1$ per box and will still be cheaper than 7-11. Some cigs profit almost $2/box.
History:
2023 April: started a convenience store. Average margins were 11%-17% (some days lesser). Cigs inclusive. Constantly acheiving 2200- 2700 per day. All data saved and proof available.
Profit around 300-500 a day
2023 September: Highest daily revenue acheived $4,000 per day.
Today: Even with daily sales at less than 1k, without cigs, our gross profit remains at 300-500 per day. Thats at around 40%-50% margins.
Formula can be replicated to other stores at other locations if needed.
Side note: if you choose to buy over the formula and the company of 10 years, comes with around 30k worth of inventory and equipment.
Singapore