SingaporeOverview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
- Existing business is a dried goods provision shop located at Block 108 Hougang Avenue 1
- Business owner and shopkeeper seeking to retire after Chinese New Year 2023
- Balance 1 year lease with landlord from today till March 2024 @ $7,100 for ground floor shophouse and $2,200 for 2nd storey living quarters (HDB 3-room flat size)
- Landlord agreed to extend tenancy from March 2024 to March 2025 @ $10,000 for ground floor shophouse and $2,500 - $2,800 for 2nd storey living quarters (HDB 3-room flat size)
- Business has been profitable since its inception in March 2020
- Average net-profit of $7,000 per month
- Seeking buyer whom is willing to takeover the business in wholesale manner (i.e. incoming buyer to takeover existing shelving, refrigerators, Point-of-Sales system, etc.)
- Existing services such as utilities and outdoor area rental from Town Council will be transferred over to incoming buyer
- Incoming buyer can opt to hire new staff or retain existing staff currently hired by business owner but subject to staff's agreement
- Shopkeeper willing to provide training for new staff hired by incoming buyer, if required
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