Singapore

Sell a Business

Listing ID: 5358 Last Refreshed: 07/05/2019 Total Views: 31469

Established Homeware (Led, Kitchen & Sanitary) Wholesale Retail Shop

Geylang

Asking Price: S$128,000
Established Homeware (Led, Kitchen & Sanitary) Wholesale Retail Shop
  • Premise Type N/A Premise Size 2800sqft
  • Monthly Rental S$0 Rental Desposit S$11,800
  • Revenue S$200K - 500K Cash Flow S$20K - 50K
  • Gross Profit S$100K - 200K Net Profit S$100K - 200K
  • Stock S$40,000*** Liability N/A
  • Payable N/A Receivable N/A
  • FFE S$40,000*** Established 2013
  • Owner Role Full Time Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
tsui allan
Email Owner

Reason For Sale

Moving onto another business

Description

Reputable Lighting and Homeware Shop located in Centralized Area.

*300-400K in Annual Revenue

*focusing on retail of LED lightings (both residential & commercial), homewares (kitchen accs & toilet accs) 

*completed several projects including reputable bistro bars, cafes, retail stores and other residential projects

*strong marketing efforts


Customer Base

*Strong returning customer base with partnering interior designs firms & construction firms

*Strong and reputable social media presence in the industry


Furnishing & Stocks

*Renovations and furnishing all properly done up

*Approx 3000SQ FT of space - fully carpeted, wirings fully done-up, rackings (for stocks), custom-made banners & panels for display of lights & other homewards

*Display items done up - including ceiling fans, variety of lights, kitchen and toiletwares

*Comfortable working/retail space including private room for discussion

*Furniture all inclusive (luxurious table & chairs set for discussion, working counter x2, proper office eqipments - printers/computers, etc)


Other Financial Information

*More than 40K SGD (cost) worth of stock in storage

*More than 80K SGD spent on furnishings and display items 

*Low utility (electric & water) bill

*Low parking costs

*Low overhead costs


Other Information

*Proper training and guidance will be provided 

(including product knowledge, procedures etc)

*Exclusive supplier and partner details will be handed over

*Business is debt-free 

*Business has huge opportunities to grow further with expansion of customer and partner base


Please contact us for any further details (for sincere buyers only)

Business Operation

11AM-7PM
Business Hour
*business difficult to be carried purely online, reducing online competition as end customers would still prefer to see and 'feel' the real item before purchasing for their homes *business can be carried concurrently online (to draw customers to view products) and via physical retail store
Competition
*huge expansion potential without the need of having extra branches/retail stores
Expansion Potential
*training provided for product knowledge & sales*training provided for custom relation management, product ordering/purchasing and product fulfillment, etc
Supporting and Training
*able to converse in english and chinese (for sales staffs)
Background & Skills
Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
*easy to access with buses & mrt stations nearby *available parking lots for customers
Premises Details
Yes, it can relocate to other place
Relocatable
Email Owner
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