Singapore  Singapore

Sell a Business

Listing ID: 1987 Last Refreshed: 26/05/2019 Total Views: 14556

+++No Takeover Fees!+++ Established Nail Salon / Shop Space

Singapore

Asking Price: Under S$50K
+++No Takeover Fees!+++ Established Nail Salon / Shop Space
  • Premise Type N/A Premise Size 260sqft
  • Monthly Rental S$4,200 Rental Desposit S$8,400
  • Revenue S$5K - 10K Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2015
  • Owner Role Part Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Law Tan

Reason For Sale

Seeking new owner with marketing flair / bare shop takeover.

Description

+ NO TAKEOVER FEES +

+ BARE SHOP POSSIBLE +

+ STAFF/EXISTING EQUIPMENT IS OPTIONAL +


Ideally, we are seeking new owners to take this business to the next level! But since time is of the essence, we shall forgo the takeover fees!


A decade of serving customers in the same shop means there's no down-time for the new owner to turn this business around!


The business has built up a reputation in the local industry for being meticulous in our mani/pedi services, with over a hundred active members plus non-member regulars. We still felt that this is not enough and we have now upped the ante with hygiene standards that beats the competition hands-down in this esthetics hub, and is among the highest in the local industry!


Our philosophy is simple- we strive to have our customers walk out our doors feelling happy and without fears of hygiene issues.


We have poured our hearts into elevating the business practice, and hard as it is for us to let go, we are seeking prospective owners with similar ideals to our philosophy, for our customers, and for our four wonderful and committed staff to continue our new vision into the new era of mani/pedi service.


Talk to us if your beliefs are in line with ours, or just want a shop space to start your own business.


Main points:

Location: Far East Plaza, near lift

Floor area: 260 sqft (approx.)

Mani/Pedi stations: 6

Water point: 1


Rent: $4.2k (negotiating for lower)

Rent tenure balance: 18 months (24 months option available)


Revenue: $6-7k approx.

Shop staff: 3 Malaysians (adjustable according to revenue), 1 additional staff pending in November (optional)

Staff costs: $2.4k per staff (avg. cost including levies, etc)

Monthly Average Nett Loss: (-)$3.5k (if with 2 staff)


Social media: Primarily Facebook. Website is under construction.

Package liabilities: Less than $1000. Our packages are of very small value, balance will not exceed $1000.


100% support will be provided with all required documents/supplier information/corporate stationery, etc.

Business Operation

11am - 8pm, 1pm - 6pm
Business Hour
New renovation, branding, direction.
Facilities
Highest standard of service & hygiene in the mall and island-wide. Been servicing customers for a decade, good active customer base. Business-as-usual, seamless take-over, no down-time!
Competition
Upon successful marketing campaigns, high possibility of expansion into other untapped parts of the island/region. High potential to have staff trained for additional services e.g. eyelash extensions, hair & makeup, bridal beauty services.
Expansion Potential
1 month support, if required. All processes, supplier information will be handed over.
Supporting and Training

Property Information

Rent
Premise Status
1.5 years / 2 years possible
Lease Term
Water point, 6 reclinable arm chairs & platform with storage below.
Premises Details
Yes, it can relocate to other place
Relocatable

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