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Listing Id: 41422 Last Refreshed: 28/04/2026 1551 Views

Kovan Mini Mart For Takeover · Simon Plaza · Lease 2Y 5M Remaining · Option To Renew

Closed
Asking Price S$30,000(Neg.)
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$50,000
Gross Profit
S$15,000
Net Profit
Not Provided
Monthly Rentalt
S$6,100

Business Operations & Assets

Year of Incorporation
2025
Owner Role
Full Time
Premise Status
Rent
Premise Type
Commercial Street
Premise Size
1000 sqft / 93 sqm

Business Details

Reason For Sale

Shop is far from home and my health no longer allows me to be on-site full-time. Business fundamentals are sound β€” it simply needs a hands-on operator to unlock its full potential.

Description

Fully fitted neighbourhood mini mart in the heart of Kovan β€” ready to operate from Day 1.

πŸ“ Location
Address: 2 Kovan Rd, #01-07 SIMON PLAZA Singapore 548008
Simon Plaza, 2 min walk from Kovan MRT. Zero mini mart competition within 200m. Captive catchment of 3 condos + surrounding landed estate. Established walk-in traffic.

πŸͺ The Shop

- 1,000 sqft ground floor unit
- Full Cold Storage-style fit-out (chillers, freezers, shelving, CCTV, full POS system)
- Turnkey β€” no additional renovation needed

πŸ’° The Numbers

- Monthly revenue: S$40,000 – S$50,000
- Potential monthly gross profit: ~S$15,000 under hands-on operation
- Rent: S$6,100 + GST
- Lease balance: 2 years 5 months. Option to Renew for additional 3 years

πŸ’Έ Takeover Terms

- Takeover fee: S$30,000 (includes all equipment + POS)
- Inventory: ~S$40,000 (to be stock-counted at handover)
- Price negotiable for serious buyers

πŸ™‹ Why We are Selling

Shop is far from home and my health no longer allows me to be on-site full-time. Business fundamentals are sound β€” it simply needs a hands-on operator to unlock its full potential.

🎯 Ideal Buyers

1. Mini mart / retail operators β€” plug-and-play into an established catchment with no nearby competition.
2. EP / PR applicants β€” ready-made Pte Ltd + operating business + physical premises. Lease duration comfortably covers a 2-year application runway.
3. Change-of-trade buyers β€” 1,000 sqft prime neighbourhood unit with full fit-out. Save S$50k+ in renovation if converting to cafΓ©, bubble tea, pet shop, laundry, health food, etc.

πŸ“ž Shop is fully operational. Viewings strictly by appointment β€” come see the traffic for yourself before we talk price.

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