Listing Id: 274
Total Views: 13592
(Sold) Unique Art & Gift Gallery For Sale
Central Area
Date Closed: 02/05/2017
Asking Price: S$900,000
- 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$11,395
-
Rental Desposit
S$53,000***
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Revenue
S$50,000
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Liability
N/A
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Gross Profit
N/A
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Net Profit
S$30,000
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Stock
S$150,000***
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FFE
S$80,000***
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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
3
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Established
2008
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Source
Direct Seller
Reason For Sale
PERSONAL HEALTH REASON
Description
Luxury Decorative Art Gift Gallery
Started in 2008, in Park Mall, business was good, immediately within 3 months we decide to take up another shop in Singapore most prestigious location, Marina Bay Sands. However due shortage to manpower, we closed our Park Mall shop in 2013.
There are extremely great potential in this business, it can expand globally, but we(a husband & wife team) are lacking skill in marketing, sales & branding to grow this business.
All our currently customers are based on walk-in, with some repeat customers. There are many other areas which can generate more revenue, such as going direct to coporate, or approach interior designers for referral, but we did not do all these, as we admit we are not a good salesperson.
We will provide the database of our customers, who mostly are business owners, private property owners.
We strongly believe this a world-class product, but really someone to bring it to much higher level.
INCLUDES
Rental Deposit : $53k
Renovation : $80k
Inventory : $150k
Bank Balance : $100k
NO Liability
Price Negotiable. Hurry. Usually biz is very good during Nov,Dec,Jan.
Business Operation
1 months
Support and Training
RETAIL, SALES, MARKETING, BRANDING
Background & Skills
Singapore