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Listing Id: 1631 Last Refreshed: 26/05/2019 Total Views: 16652

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

BedokConvenience Store
Asking Price: S$65,000
Business For Takeover
Look For Investor
Look For Partner
Joachim Wong

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  • Overview
  • Reason For Sale
  • Description
  • Business Operation
  • Property Information

Overview

  • Premise Type N/A
  • Premise Size
  • Monthly Rental S$1,446
  • Rental Desposit S$1,446
  • Revenue S$20K - 50K
  • Liability N/A
  • Gross Profit S$5K - 10K
  • Net Profit Under S$5K
  • Stock S$20,000
  • FFE S$10,000
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 2
  • Established 2012
  • Source Direct Seller

Reason For Sale

Retiring, Children unable to cope with multiple jobs.

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 Operation

8am - 10pm
Business Hour
Raptor POS Maschine $6000
Racks and Shelves approximately $4000
Facilities
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.
Competition
All expansion needs to be approved by Town Council for Open Display Area review.
Expansion Potential
Provided to interested buyers
Support and Training
Cashiering, Inventory Management, Good foresight and a forward thinking business mind preferred.
Background & Skills

Property Information

Rent
Premise Status
2 / 3 Years
Lease Term
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.
Premises Details
Yes, it can work at home
Home Base
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