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Listing ID: 3464
Total Viewed: 5912
Last Refreshed: 01/03/2017

[Urgent Sales] Ang Mo Kio Spacious Minimart with Low Rental For Takeover

Ang Mo Kio, Singapore

Asking Price : SGD19,000

Revenue: Under SGD5K

Cash Flow: Under SGD5K

Payable: Not Disclosed

Established: 2015

Gross Profit: Under SGD5K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: Under SGD5K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

***NOT included in asking price

Reason To Sell
Selling due to shortage of manpower.
Business Description

Rare opportunity, super low takeover fee reduced from 29k to sell off shop by end of March, so that new buyer can start on April. Accepting offers until last week of March, offer will be awarded to the highest bidder. Alternatively, buyer can issue cheque of 50% of agreeable takeover fee and the offer will be awarded immediately.


Fully operational Minimart at Block 460, Ang Mo Kio Ave 10, #01-1578, Singapore 560460 for takeover, including stocks, chillers, EPOS, CCTV and racks. 


New HDB blocks are opening soon and 2 schools are nearby. Spacious retail space of 250 sqft and super low rental of 804 direct with HDB, utility of 210 and Town Council of 67, with attached toilet and can apply for LOC to employ. The lease with HDB is until 1st July 2018.


Due to serious manpower shortage resulting short off-peak operating hours (Monday to Friday, 1230pm to 530pm), very limited stock (not selling breads, newspapers, etc) and marketing, the daily sales is low (so the super low takeover fee). The shop has great potential for sales, with better operating hours, variety of stocks and marketing. Selling off the shop due to serious manpower shortage (not able to commit to the operating hours) and want to focus on other businesses.


Please note that the shop is lease after 16 Oct 2013, so the takeover will be involve the transfer of partnership as assignment is not allowed to maintain the low rental from HDB, so ONLY contact me if you alright with the arrangement.


Please visit the shop during the operating hours (Monday to Friday, 1230pm to 530pm).


Few offers are in the negotiation, please contact me quickly to make an offer!


KK: 8668 5650 (WhatsApp or SMS only)

Business Operations
Staff:
Not Disclosed
Property Information
Premise Status:
Rent
Rental Fee:
SGD804
Rental Deposit:
SGD804 (NOT included in selling price)

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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