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Listing ID: 1987 Total Viewed: 4

+++No Takeover Fees!+++ Established Nail Salon / Shop Space (Sold)

Singapore

Asking Price : Under SGD50K

Revenue: SGD5K - 10K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2015

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 3

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

***NOT included in asking price

Reason To Sell
Seeking new owner with marketing flair / bare shop takeover.
Business Description

+ NO TAKEOVER FEES +

+ BARE SHOP POSSIBLE +

+ STAFF/EXISTING EQUIPMENT IS OPTIONAL +


Ideally, we are seeking new owners to take this business to the next level! But since time is of the essence, we shall forgo the takeover fees!


A decade of serving customers in the same shop means there's no down-time for the new owner to turn this business around!


The business has built up a reputation in the local industry for being meticulous in our mani/pedi services, with over a hundred active members plus non-member regulars. We still felt that this is not enough and we have now upped the ante with hygiene standards that beats the competition hands-down in this esthetics hub, and is among the highest in the local industry!


Our philosophy is simple- we strive to have our customers walk out our doors feelling happy and without fears of hygiene issues.


We have poured our hearts into elevating the business practice, and hard as it is for us to let go, we are seeking prospective owners with similar ideals to our philosophy, for our customers, and for our four wonderful and committed staff to continue our new vision into the new era of mani/pedi service.


Talk to us if your beliefs are in line with ours, or just want a shop space to start your own business.


Main points:

Location: Far East Plaza, near lift

Floor area: 260 sqft (approx.)

Mani/Pedi stations: 6

Water point: 1


Rent: $4.2k (negotiating for lower)

Rent tenure balance: 18 months (24 months option available)


Revenue: $6-7k approx.

Shop staff: 3 Malaysians (adjustable according to revenue), 1 additional staff pending in November (optional)

Staff costs: $2.4k per staff (avg. cost including levies, etc)

Monthly Average Nett Loss: (-)$3.5k (if with 2 staff)


Social media: Primarily Facebook. Website is under construction.

Package liabilities: Less than $1000. Our packages are of very small value, balance will not exceed $1000.


100% support will be provided with all required documents/supplier information/corporate stationery, etc.

Business Operations
Business Hour:
11am - 8pm, 1pm - 6pm
Supporting and Training:
1 month support, if required. All processes, supplier information will be handed over.
Staff:
3 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
260sqft
Rental Fee:
SGD4,200
Rental Deposit:
SGD8,400 (NOT included in selling price)
Lease Term:
1.5 years / 2 years possible
Premises Detai:
Water point, 6 reclinable arm chairs & platform with storage below.
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
New renovation, branding, direction.
Competition:
Highest standard of service & hygiene in the mall and island-wide. Been servicing customers for a decade, good active customer base. Business-as-usual, seamless take-over, no down-time!
Expansion Potential:
Upon successful marketing campaigns, high possibility of expansion into other untapped parts of the island/region. High potential to have staff trained for additional services e.g. eyelash extensions, hair & makeup, bridal beauty services.

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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