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Listing ID: 3187 Total Viewed: 735

Retail Business Selling Pop Culture At High Traffic Location

Central Area, Singapore

Asking Price : SGD50K - 100K

Revenue: SGD100K - 200K

Cash Flow: SGD20K - 50K

Payable: Not Disclosed

Established: 2013

Gross Profit: SGD50K - 100K

Inventory: SGD10,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: SGD50,000

Staff: 2

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

***NOT included in asking price

Reason To Sell
Business re-prioritisation
Business 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 Operations
Business Hour:
11am to 9pm
Preferred Skills:
No prior retail experience required, it's really easy to run as it is.
Supporting and Training:
Training of new owner and staff provided.
Staff:
2 Local
Property Information
Premise Status:
Rent
Premise Size:
172sqft
Rental Fee:
SGD6,000
Rental Deposit:
SGD18,000 (included in selling price)
Lease Term:
3 years (from 16 April 2016)
Premises Detai:
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.
Other Information
Facilities:
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
Competition:
DC Comics Superheroes, Simply Toys and related licensed retail stores.
Expansion Potential:
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.

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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