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Listing Id: 274 Total Views: 13579

(Sold) Unique Art & Gift Gallery For Sale

Central Area

Date Closed: 02/05/2017

Asking Price: S$900,000
  • Premise Type N/A Premise Size
  • Monthly Rental S$11,395 Rental Desposit S$53,000***
  • Revenue S$50,000 Liability N/A
  • Gross Profit N/A Net Profit S$30,000
  • Stock S$150,000*** FFE S$80,000***
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 3
  • Established 2008 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price

Reason For Sale

PERSONAL HEALTH REASON

Description

Luxury Decorative Art Gift Gallery

Started in 2008, in Park Mall, business was good, immediately within 3 months we decide to take up another shop in Singapore most prestigious location, Marina Bay Sands. However due shortage to manpower, we closed our Park Mall shop in 2013.

There are extremely great potential in this business, it can expand globally, but we(a husband & wife team) are lacking skill in marketing, sales & branding to grow this business.

All our currently customers are based on walk-in, with some repeat customers. There are many other areas which can generate more revenue, such as going direct to coporate, or approach interior designers for referral, but we did not do all these, as we admit we are not a good salesperson.

We will provide the database of our customers, who mostly are business owners, private property owners.

We strongly believe this a world-class product, but really someone to bring it to much higher level.

INCLUDES

Rental Deposit : $53k

Renovation : $80k

Inventory : $150k

Bank Balance : $100k

NO Liability

Price Negotiable. Hurry. Usually biz is very good during Nov,Dec,Jan.

Business Operation

10-11
Business Hour
1 months
Support and Training
RETAIL, SALES, MARKETING, BRANDING
Background & Skills

Property Information

Rent
Premise Status

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