Listing Id: 37160
Last Refreshed: 01/06/2025
Total Views: 504
(Expired)Bicycle Shop For Sale With Long History And Big Customer Base
Bukit MerahBicycle ShopsRepair Services
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
-
Premise Type
N/A
-
Premise Size
1000 sqft / 93 sqm
-
Monthly Rental
S$2,071
-
Rental Desposit
S$5,103
-
Revenue
S$7,500
-
Liability
N/A
-
Gross Profit
S$6,500
-
Net Profit
S$4,500
-
Stock
N/A
-
FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Full Time
-
Staff
1
-
Established
1977
-
Source
Direct Seller
Reason For Sale
Owner is retiring.
Description
Hong Seng Guan Bicycle Shop is a long-standing bicycle retailer and repair service provider in Singapore, with a history spanning over 50 years. Established on August 15, 1977, as a sole proprietorship, the business is currently registered under the Unique Entity Number (UEN) 06186900K. Originally located at 107 Jalan Bukit Merah, #01-1810, Tiong Bahru Orchid, Singapore 160107, the shop relocated on May 1, 2023, to its current address at 1092 Lower Delta Road, #04-16, Singapore 169203.
The shop is managed by Mr. Goh, affectionately known as "Dr. Goh" among his customers. He is renowned for his honesty, affordability, and ability to quickly diagnose and fix bicycle issues . Despite his sons not intending to take over the business, Mr. Goh remains committed to serving the cycling community, working seven days a week without rest days.
Business Operation
Mostly bicycles and spare parts.
Facilities
Faced strong competition during Covid period due to surge in cycling interest but it has come down ever since.
Competition
Possible to rent other units of mapletree industrial park in other towns of Singapore to do the same business.
Expansion Potential
Seller will provide training if required.
Support and Training
Experience in mechanical repair of bicycles.
Background & Skills
Property Information
3 year lease ends in November 2026
Lease Term
A factory for the purpose of e-commerce, storage, repairs & auxiliary office for bicycles in accordance with guidelines of the Urban Redevelopment Authority.
Premises Details
Yes, it can relocate to other place
Relocatable
Singapore
