Singapore  Singapore

Sell a Business

Listing ID: 3187 Last Refreshed: 07/05/2019 Total Views: 11422

Retail Business Selling Pop Culture At High Traffic Location

Central Area

Asking Price: S$50K - 100K
Retail Business Selling Pop Culture At High Traffic Location
  • Premise Type N/A Premise Size 172sqft
  • Monthly Rental S$6,000 Rental Desposit S$18,000***
  • Revenue S$100K - 200K Cash Flow S$20K - 50K
  • Gross Profit S$50K - 100K Net Profit N/A
  • Stock S$10,000*** Liability N/A
  • Payable N/A Receivable N/A
  • FFE S$50,000*** Established 2013
  • Owner Role Full Time Staff 2
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Chua Wei Siang
Email Owner

Reason For Sale

Business re-prioritisation

Description

Prominently featured at a high traffic location at Bugis. 4 year old business with positive ratings on Facebook. High potential to convert into Online Store with Convenient Physical Location. Newly renovated, recently re-contracted with CapitaMalls with 2 more years on the lease, save on Renovation costs. Owners moving on to focus on other business investments. Contact us now to find out more.


What you get:

1) Prime City Fringe, High Traffic Location

2) More than 2 years remaining on lease

3) Officially Licensed, Limited Edition Collectible Inventory imported from USA and Europe worth $10,000 (easily sell for double the cost)

4) Rental deposit worth about $18,000

5) Newly renovated with flexible placements, tempered glass displays and high def CCTV Security System with 6 cameras, save at least $50,000 compared to renovating yourself

6) Working payment modes, accept Cash, Nets, Credit Cards like Amex and Visa, easy to use Touch Screen Point of Sale system

7) Transfer of all existing business supplier contacts and current operational procedures, get a headstart in retail!

8) Positive Facebook reputation of 4.6 out of 5 from 21 reviews, perfect for E-Commerce expansion

9) Short domain name www.inreel.life

10) Retail entity is separate from actual company name, easy transfer to any other company or business name.


We will be engaging an experienced and trusted business broker to handle the transfer of business as that is not our area of expertise. We are open to using your preferred broker as a middleman as well to ensure a smooth handover.


Business Operation

11am to 9pm
Business Hour
Renovated June 2016. Licensed Inventory, newly renovated with tempered glass displays, flexible laminated shelving, bright signage and lighting, Touch screen POS accepts all major payment modes (VISA, Mastercard, AMEX, PayPal), 6 camera Security CCTV for easy monitoring of shop by owners
Facilities
DC Comics Superheroes, Simply Toys and related licensed retail stores.
Competition
We had plans to expand to an Online Store presence with our positive Facebook rating as an asset. However, our other business investments have taken priority, so we need to focus on them at this point in time.
Expansion Potential
Training of new owner and staff provided.
Supporting and Training
No prior retail experience required, it's really easy to run as it is.
Background & Skills

Property Information

Rent
Premise Status
3 years (from 16 April 2016)
Lease Term
High Traffic location on the connecting bridge between Bugis Junction and Bugis+. Located within 10 minute walking distance to popular Tourist destinations such as Bugis Street, Guan Yin Temple, Arab Street. Cinema at Bugis+ and Bugis MRT very close by.
Premises Details
Email Owner
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