Singapore  Singapore

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Listing ID: 3464 Last Refreshed: 07/05/2019 Total Views: 17124

[Urgent Sales] Ang Mo Kio Spacious Minimart with Low Rental For Takeover

Ang Mo Kio

Asking Price: S$19,000
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$804 Rental Desposit S$804
  • Revenue Under S$5K Cash Flow Under S$5K
  • Gross Profit Under S$5K Net Profit Under S$5K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2015
  • Owner Role Investor Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
KK
Email Owner

Reason For Sale

Selling due to shortage of manpower.

Description

Rare opportunity, super low takeover fee reduced from 29k to sell off shop by end of March, so that new buyer can start on April. Accepting offers until last week of March, offer will be awarded to the highest bidder. Alternatively, buyer can issue cheque of 50% of agreeable takeover fee and the offer will be awarded immediately.


Fully operational Minimart at Block 460, Ang Mo Kio Ave 10, #01-1578, Singapore 560460 for takeover, including stocks, chillers, EPOS, CCTV and racks. 


New HDB blocks are opening soon and 2 schools are nearby. Spacious retail space of 250 sqft and super low rental of 804 direct with HDB, utility of 210 and Town Council of 67, with attached toilet and can apply for LOC to employ. The lease with HDB is until 1st July 2018.


Due to serious manpower shortage resulting short off-peak operating hours (Monday to Friday, 1230pm to 530pm), very limited stock (not selling breads, newspapers, etc) and marketing, the daily sales is low (so the super low takeover fee). The shop has great potential for sales, with better operating hours, variety of stocks and marketing. Selling off the shop due to serious manpower shortage (not able to commit to the operating hours) and want to focus on other businesses.


Please note that the shop is lease after 16 Oct 2013, so the takeover will be involve the transfer of partnership as assignment is not allowed to maintain the low rental from HDB, so ONLY contact me if you alright with the arrangement.


Please visit the shop during the operating hours (Monday to Friday, 1230pm to 530pm).


Few offers are in the negotiation, please contact me quickly to make an offer!


KK: 8668 5650 (WhatsApp or SMS only)

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