Listing Id: 31673
Last Refreshed: 12/11/2024
Total Views: 14504
(Expired)Hidden Gem Minimart in the Heart of Sengkang/Jalan Kayu
SengkangConvenience StoreSupermarkets
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Commercial Street
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Premise Size
N/A
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Monthly Rental
S$5,800
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Part Time
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Staff
5
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Established
2018
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Source
Direct Seller
Reason For Sale
No time to manage and the full time job requires me to be outstation most of the time.
Description
Location: Jalan Kayu (249 Jalan Kayu)
Demographics: Good mix with landed, condos and HDB dwellers
Operating Hours: 9am to 11pm Daily (Inclusive of PH), with 4-5 pax on rotational shift basis.
Takeover fees applies, including the discharge of the security deposit. Includes all existing assets and stocks. Had spent near to 30k to rewire and also plaster the previous wall condition. Comes with existing staff (5 pax rotational).
New owner will need to apply tobacco and beer license but can use our license during transition.
Rent: $5800/per month without GST. Floor Size approx 750sqft.
Nice landlord! Tenancy till 14 August 2026. You will take over the existing rental contract. :)
Addons
- Option to apply TOL of the area outside for less tan $200 a month with SLA or take over the basement with additional 4.5k per month.
Had to let go because no time to manage this.
We have not bring in hardware, frozen, chinese dried goods, full liquor and stationeries and there are a huge potential to scale this.
Business Operation
Own Assets:
2x Cassette Aircon (S$10,500)
2x Units of POS RetailPlan ($13,500)
1x Wall Mount Aircon ($1,900)
1x Freezer ($1,800)
1x 2 Door Sliding Chiller ($1,800)
1x Single Door Chiller ($1,500)
All Rackings & Shelvings (Worth minimum $10k)
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Suppliers-Owned:
1x Mingo Ice Cream Freezer
1x Marigold Fridge
1x Coca Cola Fridge
1x Beer Fridge
1x F&N Fridge
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Contracts
- Will transfer 1 year of pest control from November 2024 to October 2025 (worth $1.5k) over to the existing minimart.
Facilities
There's only 7 eleven and 1 indian minimart. The only shop that has cigarettes approved other than 7 eleven.
Competition
We have not utilize the full potential of the business. There are a few other categories not bought in such as, baby items, etc.
Expansion Potential
Can teach POS, Supplier List and ground operations.
Support and Training
Property Information
3 years ending August 2026.
Lease Term
Please WA for discussion.
Premises Details
Singapore