Singapore

Sell a Business

Listing ID: 968 Last Refreshed: 26/04/2019 Total Views: 25394

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

Kallang/Whampoa

Asking Price: S$280,000
Profitable Mini-Mart For Sale ( Established For More Than 10 Years)
  • Premise Type N/A Premise Size 1800sqft
  • Monthly Rental S$9,500 Rental Desposit N/A
  • Revenue S$100K - 200K Cash Flow S$100K - 200K
  • Gross Profit S$20K - 50K Net Profit S$10K - 20K
  • Stock S$100,000 Liability S$0
  • Payable N/A Receivable N/A
  • FFE S$10,000*** Established 2002
  • Owner Role Part Time Staff 2
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Tim Wong

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 $130,000 annually thereabouts.

There are no brokerage fees for buyers.

Business Operation

10am to 9 pm
Business Hour
Only mini-mart in the vicinity; low compeition
Competition
Years, 3 weeks approximately
Supporting 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