SingaporeOverview
Financial Performance
Revenue
S$100K - 200K
Gross Profit
S$20K - 50K
Net Profit
S$10K - 20K
Monthly Rentalt
S$9,500
Business Operations & Assets
Stock
S$100,000
FFE
S$10,000
Price Included
Staff
2 Employee
Year of Incorporation
2002
Owner Role
Part Time
Premise Status
Rent
Rental Deposit
S$28,500
Business Details
Reason For Sale
Realignment / Kids going to primary school together
Description
Long established, mini-mart for sale. Established for more than 10 years, primarily serving repeat customers within residential community.
Verified, audited by 3rd party accounts are available for serious buyers. GST registered as turnover/revenue is more than $1m in a year.
Productivity Innovation Credit has not been used yet, owner can register a new business or keep existing company name, depending on investor's preference.
Business has a healthy nett profit (with director's salary) of $135,000 annually thereabouts.
There are no brokerage fees for buyers.
Competition
Only mini-mart in the vicinity; low competition.
Buyer Support & Terms
Support and Training
Yes, 3 weeks approximately.
Background & Skills
No complex skills required; training and passing over of contacts will be provided.
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