Listing Id: 1631
Total Views: 16823
(Sold) Profitable Chinese Mamashop / Minimart Kiosk For Sale/ Take Over
Bedok
Date Closed: 24/08/2015
Asking Price: S$65,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$1,446
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Rental Desposit
S$1,446
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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$20,000
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FFE
S$10,000
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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
2
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Established
2012
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Source
Direct Seller
Reason For Sale
Retiring, Children unable to cope with multiple jobs.
Description
Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Bedok Reservoir MRT station nearby is also currently under construction.
Size: 250 sqf / 23 sqm with attached toilet/store
Rental: $1,400/month
Utilities: under $500/month
Overheads: $2,400/month
COGS: 28k - 32k/month
Revenue of $1,300 to $1,600 (without liquor) per day ; highest at $1900 in a day.
Revenue between 40 to 42k (without liquor) per month
Asking for:
$65k inclusive of stock, 55k excluding stock (both open to negotiation), ROI in under 2 years.
Others:
- Suitable for retiring personnels / housewives / close relatives looking to start a small business for no less than 2 years.
- POS machine in place
Benefits: You save at least 12 months building a new store from scratch + marketing, potentially losing more $$$
Business Operation
Raptor POS Maschine $6000
Racks and Shelves approximately $4000
Facilities
0 as kiosk is situated next to the amenities described above.
Revenue of kiosk started with $70 a day to what it is now as the historical owner was never open.
Reputation and a good regular customer base has been built.
Competition
All expansion needs to be approved by Town Council for Open Display Area review.
Expansion Potential
Provided to interested buyers
Support and Training
Cashiering, Inventory Management, Good foresight and a forward thinking business mind preferred.
Background & Skills
Property Information
Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Store has attached toilet and store room. Bedok Reservoir MRT station nearby is also currently under construction.
Premises Details
Yes, it can work at home
Home Base
Singapore