A convenience store in Kampong Glam is available for full takeover, with the asking price available on request. The store has been operating for over 3 years, serving a mainstream customer base of regulars and tourists in an area known for both. The 1,400 sqft unit that comes with mezzanine floor is on a busy commercial street, with revenue reported at S$80,000 to S$100,000 per month operating for 16 hours.
The lease runs until May 2027, with an option to extend for a minimum of 2 more years. The owner is selling because the company is refocusing from retail into a different industry next year, rather than any issue with the store's performance.
Store is fully renovated 3 years ago, has been a focal meeting point for tour groups, many relevant add-ons business collaborating with store operations and potential upsides can be further explored.
Various items not included in transfer fee stipulated such as retaining/handing over POS system with inventory (if you do not have any) and Grabmart full inventory (up to 80-85% with pictures) for a top-up fee.
Interested parties are welcome to enquire. Selling Price looking at $220,000.
Convenience Store, Retail Operations, Minimart and Groceries Stall
Background & Skills
Yes, seller financing is available. Able to assist buyer by down-payment of 70% of the transfer fee to enable buyer for head-start to the business for cashflow, inventory stock-up and OPEX up to 6 months. After 6 months, the balance for 30% (+5% one time interest of initial transfer fee) will need to be transferred over the next 6 months period monthly.
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