Singapore  Singapore

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Listing Id: 30240 Total Views: 3895

(Sold) Established Minimart With Strong Community Presence – Great Investment Opportunity

Bedok

Date Closed: 01/08/2024

Asking Price: S$50K - 100K

Overview

  • Premise Type Neighbourhood
  • Premise Size 2000 sqft / 186 sqm
  • Monthly Rental S$2,200
  • Rental Desposit S$4,400
  • Revenue S$50K - 100K
  • Liability N/A
  • Gross Profit S$10K - 20K
  • Net Profit S$5K - 10K
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Owner is busy with his other businesses. He wants someone who has experience to takeover and run.

Description

Are you looking to invest in a thriving, community-centric business? Look no further! Our well-established minimart, located in the heart of Jalan Damai, is now on the market. This unique opportunity is perfect for anyone eager to step into a profitable venture with minimal hassle.
Prime Location: Nestled among over 10 residential blocks, our minimart enjoys the privilege of being the only convenience store in the vicinity. This strategic location ensures a constant flow of customers, averaging 300-400 visits per day, contributing to a steady and reliable income stream.
Turnkey Operation: Step into a fully operational business from day one. Our minimart has been meticulously maintained and recently renovated, presenting a modern and welcoming environment for our loyal customers. The well-organized layout and efficient use of space make for a pleasant shopping experience.
Low Operational Costs: One of the highlights of this offering is the surprisingly low rental, a rarity in such a sought-after area. This advantage significantly boosts profitability and reduces operational stress for the new owner.
Community Favorite: Over the years, we’ve built a strong rapport with the local community, becoming a go-to spot for daily necessities. This established customer base is a testament to the store's success and reputation.
Growth Potential: There is ample scope for growth and expansion. New owners can explore extending business hours, diversifying product ranges, or integrating online sales platforms to further increase revenue.
Support and Transition: To ensure a smooth transition, we are committed to providing support and training to the new owners. Our goal is to maintain the legacy and continued success of this business.
Reason for Selling: As the current owner, I am looking to sell this thriving business to focus on other ventures. This sale is not due to the business's performance but a strategic decision to diversify my investments.
Seize this rare opportunity to own a prosperous, easy-to-manage business in a fantastic location. For more information and to schedule a viewing, please contact us. Let’s discuss how you can become the new owner of this beloved minimart in Jalan Damai.

Property Information

Rent
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