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Listing Id: 1631 Last Refreshed: 26/05/2019 17036 Views

Profitable Chinese Mamashop / Minimart Kiosk For Sale/ Take Over

Closed
Asking Price <span class='currency'>S$</span>65,000
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$20K - 50K
Gross Profit
S$5K - 10K
Net Profit
Under S$5K
Monthly Rentalt
S$1,446

Business Operations & Assets

Stock
S$20,000
FFE
S$10,000
Staff
2 Employee
Year of Incorporation
2012
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$1,446
Premises Details
Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Store has attached toilet and store room. Bedok Reservoir MRT station nearby is also currently under construction.

Business Details

Reason For Sale

Retiring, Children unable to cope with multiple jobs.

Description

Walking distance from 3 Schools, Next to fitness corner, Badminton / sepak takraw court, Basket ball court and Play ground. With a good base of regular customers. Bedok Reservoir MRT station nearby is also currently under construction. 

Size: 250 sqf / 23 sqm with attached toilet/store
Rental: $1,400/month 
Utilities: under $500/month
Overheads: $2,400/month
COGS: 28k - 32k/month

Revenue of $1,300 to $1,600 (without liquor) per day ; highest at $1900 in a day.
Revenue between 40 to 42k (without liquor) per month

Asking for: 
$65k inclusive of stock, 55k excluding stock (both open to negotiation), ROI in under 2 years.

Others: 
- Suitable for retiring personnels / housewives / close relatives looking to start a small business for no less than 2 years. 
- POS machine in place

Benefits: You save at least 12 months building a new store from scratch + marketing, potentially losing more $$$

Facilities

Raptor POS Maschine $6000
Racks and Shelves approximately $4000

Competition

0 as kiosk is situated next to the amenities described above.
Revenue of kiosk started with $70 a day to what it is now as the historical owner was never open.
Reputation and a good regular customer base has been built.

Expansion Potential

All expansion needs to be approved by Town Council for Open Display Area review.

Buyer Support & Terms

Support and Training

Provided to interested buyers

Background & Skills

Cashiering, Inventory Management, Good foresight and a forward thinking business mind preferred.
Important Disclaimer

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