Singapore  Singapore

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Listing Id: 13875 Last Refreshed: 07/05/2019 Total Views: 8749

(Expired)Recession Proof Business In Accesories,Beauty And Wellness Products

Ang Mo KioApparel Stores
Asking Price: Under S$50K
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental S$535 Rental Desposit S$1,605***
  • Revenue S$5K - 10K Liability N/A
  • Gross Profit Under S$5K Net Profit Under S$5K
  • Stock S$6,000*** FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Part Time Staff N/A
  • Established 1982 Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Ashley Jonah Alliance

Reason For Sale

Owners just started another business and have been given ultimatum to focus there

Description

36 year old business.
2nd generation had taken over and grew the counters in the year grew by 17 counters. 41 counters all over Singapore
Growth considered slow because owners do this as part time business.
Business has been systemized, owner don't have to be hands on in a few areas. Can be done in your own time or can hire help when counters increase.
Low cost model
Suppliers with best price all sourced

Business Operation

2 big companies that has 100 over counters, but our items had feedback that our packaging is nicer, and our items are more modern and we have a bigger variety and in Singapore we have the biggest comb variety in Singapore
Competition
We currently have 41 counters and other companies have up to 100+ counters so a lot more places untouched
Expansion Potential

Property Information

Rent
Premise Status
3 years left with 2 years and 1 month free rental
Lease Term
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base
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