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Listing ID: 274 Total Viewed: 8244

Unique Art & Gift Gallery For Sale

Central Area, Singapore

Asking Price : SGD900,000

Revenue: SGD50,000

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2008

Gross Profit: Not Disclosed

Inventory: SGD150,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD30,000

Liability: Not Disclosed

FFE: SGD80,000

Staff: 3

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

***NOT included in asking price

Reason To Sell
PERSONAL HEALTH REASON
Business Description

Luxury Decorative Art Gift Gallery

Started in 2008, in Park Mall, business was good, immediately within 3 months we decide to take up another shop in Singapore most prestigious location, Marina Bay Sands. However due shortage to manpower, we closed our Park Mall shop in 2013.

There are extremely great potential in this business, it can expand globally, but we(a husband & wife team) are lacking skill in marketing, sales & branding to grow this business.

All our currently customers are based on walk-in, with some repeat customers. There are many other areas which can generate more revenue, such as going direct to coporate, or approach interior designers for referral, but we did not do all these, as we admit we are not a good salesperson.

We will provide the database of our customers, who mostly are business owners, private property owners.

We strongly believe this a world-class product, but really someone to bring it to much higher level.

INCLUDES

Rental Deposit : $53k

Renovation : $80k

Inventory : $150k

Bank Balance : $100k

NO Liability

Price Negotiable. Hurry. Usually biz is very good during Nov,Dec,Jan.

Business Operations
Business Hour:
10-11
Preferred Skills:
RETAIL, SALES, MARKETING, BRANDING
Supporting and Training:
1 months
Staff:
3 Local
Property Information
Premise Status:
Rent
Premise Size:
355sqft
Rental Fee:
SGD11,395
Rental Deposit:
SGD53,000 (included in selling price)

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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