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Listing Id: 24851 Total Views: 1912

(Sold) Rare listing. Well established Minimart In Bukit Timah For Sale.

Bukit Timah

Date Closed: 13/03/2022

Asking Price: S$200K - 500K

Overview

  • Premise Type Neighbourhood
  • Premise Size
  • Monthly Rental S$2,500
  • Rental Desposit S$5,000
  • Revenue S$900,000
  • Liability N/A
  • Gross Profit N/A
  • Net Profit S$120,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 3
  • Established 2017
  • Source Direct Seller

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.

Business Operation

Training provided for New buyer
Support and Training
Background & Skills

Property Information

2+1
Lease Term

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