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Profitable Geylang Mini-Mart For Sale

Geylang, Singapore
Asking Price:
$300,000 (SGD)
Turnover:
$1,200,000 (SGD)
Net Profit:
$80,000 (SGD)

Mini-mart for sale. Selling for $300k negotiable.
Estimate:
Sale $1.2m a year, est. profit $80k-90k a year.
Sale average $90k-115k a month (due to recent global events), max. $134k during October, November, December holidays.
Net profit 8%.
Salary $2300 a month; part-time $70 a day.
Elec, water. $900 a month.
Rent $8500 less -$2000 a month back bedroom sublet income: net rent a month $6500.
Parcel collection point $200 profit a month income.
Delivery service $50 profit a month.
Cigarette brand survey $50 cash a month.

Lease details: 3 years + 3 years + 3 years. The owner has agreed to assign or extend the lease.
Deposit: $25,500.
Business hours: Monday to Sunday, 11:30 am to 10:30 pm; can sell until 11:30 pm due to high customer traffic.
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, and 30 days.
3 months' free training.

Selling for $300k negotiable...

9-year history mini-mart for sale. Selling for $600k negotiable.
Estimate:
Sale $2.4m a year, est. profit $160-192k a year.
Sale average $160k-200k a month (due to recent global events), max. $230k during December, January, February (CNY/holiday period).
Net profit 8-9%.
Salary $2300 a month; part-time $84 a day.
Elec, water. $1200 a month.
Rent $5400 a month.
Parcel collection point $200 profit a month income.
Delivery service $50 profit a month.

Lease from 01/08/23 to 30/07/30 (7 years) with a 7-year extension option. The owner has agreed to assign or extend the lease.
Deposit est. $12,800.
Business hours: Monday to Sunday, 10:30 am to 10:30 pm; can sell until 11:30 pm due to high customer traffic.
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, and 30 days.
3 months' free training.

Selling for $600k negotiable...

Property Information

Real Estate:

Lease

Lease Terms:

3yr

Living Accommodation:

No

Location:

Geylang and St George

Premises Details:

Lease

Size in square feet:
1,500
Planning Consent:

Ura shop

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Yes

Competition / Market:

No

Reasons for selling:

Retired

Trading hours:

12

Employees:
1
Years established:
2024

Other Information

Support & training:

Yes

Home based:
This business can be run from home
Relocatable:
This business can be relocated