Listing Id: 767
Total Views: 32171
(Sold) Profitable Mini-Mart For Sale (Established For More Than 10 Years)
Kallang/Whampoa
Date Closed: 20/10/2014
Asking Price: S$249,000
- 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$9,500
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Rental Desposit
S$28,500
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Revenue
S$100K - 200K
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Liability
S$0
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Gross Profit
S$20K - 50K
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Net Profit
S$10K - 20K
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Stock
S$100,000
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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
Part Time
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Staff
2
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Established
2002
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Source
Broker
Reason For Sale
Realignment / Kids going to primary school together
Description
Long established, mini-mart for sale. Established for more than 10 years, primarily serving repeat customers within residential community.
Verified, audited by 3rd party accounts are available for serious buyers. GST registered as turnover/revenue is more than $1m in a year.
Productivity Innovation Credit has not been used yet, owner can register a new business or keep existing company name, depending on investor's preference.
Business has a healthy nett profit (with director's salary) of $135,000 annually thereabouts.
There are no brokerage fees for buyers.
Business Operation
10 am - 8 pm
Business Hour
Only mini-mart in the vicinity; low competition.
Competition
Yes, 3 weeks approximately.
Support and Training
No complex skills required; training and passing over of contacts will be provided.
Background & Skills
Property Information
Yes, it can work at home
Home Base
Singapore