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Listing Id: 27378 Last Refreshed: 08/03/2023 Total Views: 2037

(On Hold)Well Established Minimart in Bukit Timah For Sale

Bukit TimahConvenience Store
Asking Price: S$400,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner
Lyz

Overview

  • Premise Type Neighbourhood
  • Premise Size N/A
  • Monthly Rental S$2,500
  • Rental Desposit S$5,000
  • 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 2017
  • Source Direct Seller

Reason For Sale

Health Issue

Description

Rare finding! Direct sale from the owner. Only for serious buyers.

Well established minimart located in 900+ units condominum in Bukit Timah for takeover.
Reasonable rental for a good size unit. With liberal use of huge corridor space. The minimart has an extensive range of fresh and frozen food items including vegetables, fruits, beverages, alcohol, confectionary, dairy, snacks, canned foods, hardware and other household goods. Laundry service is also available.

The store currently operates 6 days a week with an average monthly sales of S$50k-S$60k. There is a potential to increase the revenue by increasing the operation to 7 days and/or extending operating hours as well as doing e-commerce orders & delivery service.

The business already enjoy a strong reputation with the local community. This is a profit making business with plenty of potential to growth. Business is smooth going with regular customers base. Start making profit on the day 1.

Takeover fee S$ 400,000 (open for negotiation for keen buyer. No low baller and agent.) which includes following:

Inventory (value up to $80k)
Security deposit - rental, electricity, NETS machine, NPN machine, SoCash machine, etc (refundable)
4 standalone 2 door freezer
4 standalone 2 door chiller
custom racks and shelving units
NEW ePos system (less than a year with value up to $2K+)
NEW commercial weighing scale (less than a year)
Daikin commercial cassette aircon units
All licences - business name, tobacco and alcohol
Suppliers list
Training provided (at least 2 weeks if required)

The minimart is clean and well organized. Most important, there is No Outstanding Debt!
Whatsapp and come to view the minimart for further discussion.



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