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Listing Id: 24851 Last Refreshed: 13/03/2022 2069 Views

Rare listing. Well established Minimart In Bukit Timah For Sale.

Closed
Asking Price <span class='currency'>S$</span>200K - 500K
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$900,000
Gross Profit
Not Provided
Net Profit
S$120,000
Monthly Rentalt
S$2,500

Business Operations & Assets

Staff
3 Employee
Year of Incorporation
2017
Owner Role
Full Time
Premise Type
Neighbourhood
Rental Deposit
S$5,000

Business Details

Reason For Sale

Immigrating overseas

Description

Rare Find! Direct sale by owners. Only for serious buyers. Well established small Supermarket / Minimart located in 900+ units condominum in Bukit Timah for takeover. Very cheap rental by MCST for a good size unit with liberal use of huge corridor space.The premises was transformed into what you can see today by the current owners since 2017 and is reluctantly being offered for sale due the owners emigrating overseas.Since inception, owners invested in new equipment along with fixtures & fittings which are all custom made and included in the selling price. The store is overseen by the owners and employs the help of 2 full time staff.The mini supermarket retails an extensive range of fresh and frozen food items including vegetables, beverages, alcohol, confectionary, diary, pet foods, snacks, canned foods, cereals, hardware, and other household goods. Includes Tobacco and Alcohol license. Laundry service is also available..The store currently operates only 6 days a week with an average annual sales revenue of S$900000. There is potential to increase revenue by increasing operations to 7 days and/or extending operating hours, and doing online orders & delivery.
The business already enjoys a strong reputation within the local community and beyond. This is a great profit making business with plenty of growth potential. Business is smooth going with regular client base. Start earning profits from Day 1 of takeover. Consistent monthly Sales revenue can be verified with owner upon request. Contact the owners for an early viewing as this gem is not to be missed.Takeover fee: $280,000 plus inventory ($80,000).
Including all equipment (4 standalone 2-door freezer, 4 standalone 2-door chiller, custom racks and shelving units, POS system, commercial weighing scale, Daikin commercial cassette aircon unit -all licenses including business name, tobacco and alcohol licenses.
-supplier list and training (at least 2 weeks if needed)
No outstanding debt.
Please Whatsapp @ 85117085 for more details and viewings.

Buyer Support & Terms

Support and Training

Training provided for New buyer

Background & Skills

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