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Bicycle Shop & Service Centre For Sale

Singapore, Marine Parade, Singapore
Asking Price:
$500,000 (SGD)
Sales Revenue:
$1,000,000 (SGD)
Cash Flow:
$1 (SGD)

How many businesses are COVID Proof? Well, this business has proven to be just that.
CANNASIA Bicycle Dealer/Shop for Sale. Service Centre for all Bike Brands. 20+ Years of Goodwill on the East Coast, Siglap area of Singapore. Long Lease, renewable, very reasonable Rent.
Established Online Store. eBikes & Trademark available.
2020 Turnover January to end NOVEMBER SGD1M+. Sale due to Retirement/Attainment; There are 4 Main components to the CANNASIA Business - 4 businesses in 1.
1) Import/Export, Wholesale, Distribution & Retail of Bicycles and eBikes. New Distribution Agreement with a Major Bicycle Brand to be announced.
2) Service - Service alone enough to run the business while increasing incrementally at the same time in line with Bike Sales
3) GURU State of the Art Bicycle Fitting System is an in-store feature, a focus and symbol of professionalism in the Art of Bike Fitting and Bicycle Shops. The system has ben upgraded with the latest features including the KINETIC Body Scanning Camera
4) eCommerce;
www.canasia.com, a very well established entity, now with a new hire, a dedicated IT Professional also handling Social media in short:
Cannasia is a COVID PROOF Business in itself - Retail, etc.
Bicycle Service is a business
Bicycle Fitting is a business
Wheel Building is a business.
www.cannasia.com is an e-commerce business
All well established
5 Businesses in 1.
Current owner is willing to maintain a Stake/Interest in the Business.
FYI, the cost to set up a bike shop here is approx. $200K - Regarding Fixed Assets, for someone new to set up a bicycle business/ shop, the renovation cost is approx $100,000 -
POS System, Security Cameras, Alarm, Fixtures, Fittings, Tools etc. Approx $50,000
State of the Art GURU Bicycle Fitting System, USD20,000
Phil Wood Spoke Cutting Machine for Wheel Building and Wheel Repairs USD6,000
This makes the Asking Price for the Business very reasonable!

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Renewable lease runs currently until end May 2022

Leasehold Rent:

$64,800 (SGD) per annum

Location:

Siglap, East Coast

Premises Details:

Shophouse

Business Operation

Expansion Potential:

eBikes

Competition / Market:

All Major Brands located in the East Coast area

Reasons for selling:

Retiring/Attainment

Trading hours:

10-6

Employees:
3+1
Years established:
20+

Other Information

Support & training:

Support & Training Given

Furniture / Fixtures value:
$200,000 (SGD)
Inventory / Stock value:
$800,000 (SGD)
Website:
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Relocatable:
This business can be relocated.

Contact Information

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