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Listing Id: 767 Total Views: 32150

(Sold) Profitable Mini-Mart For Sale (Established For More Than 10 Years)

Kallang/Whampoa

Date Closed: 20/10/2014

Asking Price: S$249,000
  • Premise Type N/A Premise Size
  • Monthly Rental S$9,500 Rental Desposit S$28,500
  • Revenue S$100K - 200K Liability S$0
  • Gross Profit S$20K - 50K Net Profit S$10K - 20K
  • Stock S$100,000 FFE S$10,000***
  • Payable N/A Receivable N/A
  • Owner Role Part Time Staff 2
  • Established 2002 Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason For Sale

Realignment / Kids going to primary school together

Description

Long established, mini-mart for sale. Established for more than 10 years, primarily serving repeat customers within residential community.

Verified, audited by 3rd party accounts are available for serious buyers. GST registered as turnover/revenue is more than $1m in a year.

Productivity Innovation Credit has not been used yet, owner can register a new business or keep existing company name, depending on investor's preference.

Business has a healthy nett profit (with director's salary) of $135,000 annually thereabouts.

There are no brokerage fees for buyers.

Business Operation

10 am - 8 pm
Business Hour
Only mini-mart in the vicinity; low competition.
Competition
Yes, 3 weeks approximately.
Support and Training
No complex skills required; training and passing over of contacts will be provided.
Background & Skills

Property Information

Rent
Premise Status
3+3
Lease Term
Yes, it can work at home
Home Base

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