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Listing ID: 767 Total Viewed: 3

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

Kallang/Whampoa, Singapore

Asking Price : SGD249,000

Revenue: SGD100K - 200K

Cash Flow: SGD100K - 200K

Payable: Not Disclosed

Established: 2002

Gross Profit: SGD20K - 50K

Inventory: SGD100,000***

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: SGD10K - 20K

Liability: SGD0***

FFE: SGD10,000

Staff: 2

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

***NOT included in asking price

Reason To Sell
Realignment / Kids going to primary school together
Business 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 Operations
Business Hour:
10 am - 8 pm
Preferred Skills:
No complex skills required; training and passing over of contacts will be provided.
Supporting and Training:
Yes, 3 weeks approximately.
Staff:
2 Local
Property Information
Premise Status:
Rent
Premise Size:
1800sqft
Rental Fee:
SGD9,500
Rental Deposit:
SGD28,500 (NOT included in selling price)
Lease Term:
3+3
Home Base:
Yes, it can work at home
Other Information
Competition:
Only mini-mart in the vicinity; low competition.

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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