Mini-mart in Geylang for sale. Selling for $350k neg.
Sales S$1.2m to 1.3m a year, net profit $80,000-$96,000 a year.
Sales average $90k-$115k a month (due to US, Israel, Iran war), max. $134k during Oct, Nov, Dec holidays.
Net profit 8-9%.
Salary $2,300 a month; part-time $70 a day.
Electricity and water: $700-$900 a month.
Rent $8,500, less $2,000 a month sublet income from a back bedroom: net rent $6,500 a month.
Collection point income: $300 profit a month.
Delivery app income: $100-$150 profit a month.
Lease from 14/07/23 to 13/07/27. 3yrs + 3yrs + 3yrs; owner has agreed to assign or extend the lease.
Deposit $8,500 x 3: $25,500.
Business hours: Mon to Sun, 11:30 am to 10:30 pm; can sell until 11:30 pm due to many customers.
Stock est. $50k-$60k depending on negotiation.
Selling all the assets and stock in the shop.
50% of suppliers offer credit terms of 7, 14, or 30 days.
3 months free training.
