Singapore  Singapore

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Listing Id: 32099 Last Refreshed: 18/06/2024 Total Views: 798

Established Aquarium Shop For Takeover

Ang Mo KioPet ShopsPet Care and Grooming
Asking Price: S$50,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Neighbourhood
  • Premise Size 759 sqft / 71 sqm
  • Monthly Rental S$5,000
  • Rental Desposit S$10,000
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 2
  • Established 2016
  • Source Direct Seller

Reason For Sale

Restructuring business to focus in other areas of trade and selling off retail operation

Description

For Takeover: Established Physical Aquarium Shop in Singapore (Retail in both freshwater & saltwater)
Business Overview:
An exceptional opportunity is available to acquire a highly regarded and established aquarium shop in Singapore. With a longstanding history of serving hobbyists and collectors, this business is a cornerstone of the aquarist community.

Retail Business Highlights:
Name: New owner to rename the shop
Location: Situated in the lively neighborhood of Ang Mo Kio Ave 10 with approx. 750 sq ft
Operational History: Over 15 years of rich legacy
Clientele: A blend of enthusiasts, collectors, and casual shoppers
Product Range: Freshwater and saltwater ornamental fish, aquatic plants, corals, and aquarium supplies
Facilities: Advanced aquarium systems and quarantine tanks
Team: Experienced staff passionate about aquatics
Financials: Profitable with robust annual growth
Reason for Sale: Business restructuring to focus on other trade aspects.
Customer Base: Sharing strong and stable customer base with over 600 Telegram followers in the saltwater community and a solid presence in both freshwater and saltwater markets.
Diverse Inventory: Opportunity to connect/partner with Fresh N Marine's online operations to boost sales.
Strong Supplier Network: Established relationships with top-tier suppliers nationwide.
Loyal Customer Base: Dedicated clientele with high repeat business.
Expansion Potential: Significant growth opportunities through online partnerships and additional services like setup and maintenance.
Assets Included:
Inventory: Curated selection of ornamental fish and related products
Equipment: High-quality tanks, filtration systems, and maintenance tools
Online Presence: Tap on established database to reach out to existing customers with affordable monthly service fee.
Financials:
Takeover Asking Price: Only S$50,000 (excluding rental deposit, negotiable)
Current Lease: $5,000 per month with a $10,000 rental deposit, expiring in September 2024 with option to extend for 1 year.
Seize this chance to own a thriving ornamental fish shop and make a significant impact in the aquatics industry!

Business Operation

Full complete aquarium sets with filtration systems
Fully air-conditioned
Freezer and Fridge
Packing stations, Counters, Dry Good shelvings
Display Aquarium Sets
Inventories and livestock
Facilities
The new owner will receive technical support and training to ensure smooth business operations. Additionally, advertising assistance will be provided to facilitate the transition and promote the new ownership.
Support and Training
Aquarium keeping experience
Background & Skills

Property Information

Rent
Premise Status
2 years lease ends in Sep 2024 with option to renew for 1 year
Lease Term
759 sq feet floor area
Premises Details
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