Businesses For Sale in SingaporeSingapore

Listing ID: 3643
Total Viewed: 9337
Last Refreshed: 26/06/2017

Highly Profitable Online Grocery Business (David 91455466)

Bukit Timah, Singapore

Asking Price : SGD1,000,000

Revenue: SGD2,748,000

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 1997

Gross Profit: SGD680,000

Inventory: SGD300,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD194,000

Liability: Not Disclosed

FFE: SGD350,000

Staff: 13

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Owner is retiring
Business Description

GOOD NEWS: Online Sales alone has increased by more than 30% in recent months.


Before there was Honest Bee or Red Mart, there was Kenny Grocery! A thriving business that opened decades ago is now available for a new owner to take over. There is a niche market for this business that Honest Bee, Red Mart, NTUC, Cold Storage is not targeting. These are the customers who are not price sensitive and are willing to pay slightly more for quicker and better service. 


Previously, Kenny Grocery was fully inundated with orders via the phones, but in the last year, Kenny has added the option for customers to order via their own proprietary e-commerce website (www.kennygroceryonline.com)


The business is being sold "lock, stock, barrell". But, here are a list of some of the things you will get with the business:

~ $300,000 worth of inventory at cost.

~ all the fixtures and fittings (about $20,000-30,000)

~ all the social media, websites, etc

~ all the vans used for the delivery of the groceries islandwide (worth more than $300,000)

~13/14 staff (mostly Singaporeans) who have been with the company for a long time

~ database of customers (4,000-5,000 phone contacts, 1000s online contacts)

~ etc etc etc


Why you should purchase this business?:

A nice, tidy profit margin: unlike other ecommerce businesses, Kenny does not believe in "loss leading" to gain market share. His business is old school, and so there is a nice profit margin.

The online grocery market is still in its infancy in Singapore. Start early and reap the benefits thereof.

A proven track record of an established business. Why reinvent the wheel and possibly go wrong when you can simply purchase something that works beautifully and just make it bigger and better?

~ With little money spent, online sales has grown 50% compared to its start a year ago.

Making Kenny bigger and better is easy: the shop does 80% of its business through telephone calls, and 20% off of online orders, spend some money to target the digital generation, and the business can only go up, up, and up. 


Are you looking for a profitable business to purchase? Are you looking to enter the Online Grocery scene in Singapore but need a proven vehicle to minimise your downside? Are you looking for a business with alot more upside?


Contact me asap: David 91455466


Business Operations
Business Hour:
Everyday
Staff:
11 Local, 2 Foreigners
Property Information
Premise Status:
Own
Rental Fee:
SGD9,000
Premises Detai:
Current premise is owned by the owner who is willing to lease out to the buyer. Terms to be discussed
Relocatable:
Yes, it can relocate to other place
Other Information
Expansion Potential:
You can move premises to a lower rental but central place while upscaling the digital marketing of the business to customers who are more tech savvy. Upscale revenue and downscale rent.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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