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Listing ID: 1502 Total Viewed: 5110

Mid-High End Bicycle Retail Shop

Singapore

Asking Price : SGD100,000

Revenue: SGD30,000

Cash Flow: SGD15,000

Payable: SGD0

Established: 2014

Gross Profit: SGD10K - 20K

Inventory: SGD45,000

Receivable: SGD0

Owner Role: Full Time

Net Profit: SGD5K - 10K

Liability: SGD0***

FFE: SGD40,000

Staff: 1

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

***NOT included in asking price

Reason To Sell
National Service Commitment
Business Description

Company Name: VARENTA Cycles
Number of employees: 1
Total Monthly Expeneses: 2500$-2700$

Monthly Revenue: 25000$-35000$

Reason for sale/takeover: National Service commitment

Takeover amount: SGD$100,000

What we offer to customers:
* Bike customization built
* Retail Sales of Bike components
* Custom bike frame paintjob
* Bike customization decals
* Mechanic Repairs/Servicing
* High-end mountain bike rental

Company strength:
* Parallel import of almost any brands w/ 15-40% gross margin
* Competitive pricing compared to international online retailers & local bike shops
* Low overheads with sufficent advertising
* One man operation
* Variety of services relating to bicycle, one stop service
* 2nd-hand components/parts/etc

What you would get after taking over:
* 1-2month crash course of bike repair/servicing
* Complete handover of bike product knowledge in terms of components, etc.
* Entire stock & mechanic tools
* Retail shop & partitioned back storage w/ sublet option
* Complete handover of supplier/agent contacts of services to customers.
* Complete handover of customer base
* Long-term & short term plans of the business
* I would be helping out in retail operation/mechanic works/supply purchase/advisor for 3months without taking any salary.

About me:
I'm a 20yr old entrepreneur whom founded this company last year and before that has 4years of bike experience. With national service coming up soon, I would like to retire entirely from cycling industry and venture into other areas while i'm still young.

About the industry:

Our local distributors has poor profit margins to retailers & has frequent stock-out issues.
Seeing this as a opportunity I started out home base but ended up expanding into a mountain bike retail boutique after feeling confident with my current customer base, using word of mouth & advertising through social media & after receiving many neighbour complains

Business Operations
Business Hour:
1.30pm - 10.30pm
Supporting and Training:
Yes
Staff:
1 Local
Property Information
Premise Status:
Rent
Premise Size:
990sqft
Rental Fee:
SGD2,200
Rental Deposit:
SGD4,000 (included in selling price)
Lease Term:
2years
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home

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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