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Listing ID: 1631 Total Viewed: 2

Profitable Chinese Mamashop / Minimart Kiosk For Sale/ Take Over (Sold)

Bedok, Singapore

Asking Price : SGD65,000

Revenue: SGD20K - 50K

Cash Flow: SGD20K - 50K

Payable: Not Disclosed

Established: 2012

Gross Profit: SGD5K - 10K

Inventory: SGD20,000***

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Under SGD5K

Liability: Not Disclosed

FFE: SGD10,000***

Staff: 4

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

Reason To Sell
Retiring, Children unable to cope with multiple jobs.
Business Description

Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Bedok Reservoir MRT station nearby is also currently under construction. 

Size: 250 sqf / 23 sqm with attached toilet/store
Rental: $1,400/month 
Utilities: under $500/month
Overheads: $2,400/month
COGS: 28k - 32k/month

Revenue of $1,300 to $1,600 (without liquor) per day ; highest at $1900 in a day.
Revenue between 40 to 42k (without liquor) per month

Asking for: 
$65k inclusive of stock, 55k excluding stock (both open to negotiation), ROI in under 2 years.

Others: 
- Suitable for retiring personnels / housewives / close relatives looking to start a small business for no less than 2 years. 
- POS machine in place

Benefits: You save at least 12 months building a new store from scratch + marketing, potentially losing more $$$

Business Operations
Business Hour:
8am - 10pm
Preferred Skills:
Cashiering, Inventory Management, Good foresight and a forward thinking business mind preferred.
Supporting and Training:
Provided to interested buyers
Staff:
2 Local, 2 Part Time
Property Information
Premise Status:
Rent
Premise Size:
250sqft
Rental Fee:
SGD1,446
Rental Deposit:
SGD1,446 (NOT included in selling price)
Lease Term:
2 / 3 Years
Premises Detai:
Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Store has attached toilet and store room. Bedok Reservoir MRT station nearby is also currently under construction.
Home Base:
Yes, it can work at home
Other Information
Facilities:
Raptor POS Maschine $6000 Racks and Shelves approximately $4000
Competition:
0 as kiosk is situated next to the amenities described above. Revenue of kiosk started with $70 a day to what it is now as the historical owner was never open. Reputation and a good regular customer base has been built.
Expansion Potential:
All expansion needs to be approved by Town Council for Open Display Area review.

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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