Singapore  Singapore

Sell a Business

Listing ID: 274 Last Refreshed: 26/05/2019 Total Views: 13028

Unique Art & Gift Gallery For Sale

Central Area

Asking Price: S$900,000
Unique Art & Gift Gallery For Sale
  • Premise Type N/A Premise Size 355sqft
  • Monthly Rental S$11,395 Rental Desposit S$53,000***
  • Revenue S$50,000 Cash Flow N/A
  • Gross Profit N/A Net Profit S$30,000
  • Stock S$150,000*** Liability N/A
  • Payable N/A Receivable N/A
  • FFE S$80,000*** Established 2008
  • Owner Role Full Time Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Daviz Poh
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Reason For Sale

PERSONAL HEALTH REASON

Description


Luxury Decorative Art Gift Gallery


Started in 2008, in Park Mall, business was good, immediately within 3 months we decide to take up another shop in Singapore most prestigious location, Marina Bay Sands. However due shortage to manpower, we closed our Park Mall shop in 2013.


There are extremely great potential in this business, it can expand globally, but we(a husband & wife team) are lacking skill in marketing, sales & branding to grow this business.


All our currently customers are based on walk-in, with some repeat customers. There are many other areas which can generate more revenue, such as going direct to coporate, or approach interior designers for referral, but we did not do all these, as we admit we are not a good salesperson.


We will provide the database of our customers, who mostly are business owners, private property owners.


We strongly believe this a world-class product, but really someone to bring it to much higher level.


INCLUDES


Rental Deposit : $53k


Renovation : $80k


Inventory : $150k


Bank Balance : $100k


NO Liability


Price Negotiable. Hurry. Usually biz is very good during Nov,Dec,Jan.

Business Operation

10-11
Business Hour
1 months
Supporting and Training
RETAIL, SALES, MARKETING, BRANDING
Background & Skills

Property Information

Rent
Premise Status

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