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Profitable St George Mini Mart For Sale

3 St geoege, Singapore
Asking Price:
$600,000 (SGD)
Turnover:
$2,400,000 (SGD)
Net Profit:
$192,000 (SGD)

Mini-mart with a 9-year history for sale. Selling for $600k (negotiable).
Annual sales of $2.4m a year, with an estimated profit of $160k-$192k per year.
Average monthly sales are $160k-$200k, with a maximum of $230k during peak periods (e.g., CNY, holidays).
Net profit: 8-9%.
Salary: $2,300 per month; part-time staff: $84 per day.
Electricity and water: $1,200 per month.
Rent: $5,400 per month.
SPX collection point income: $200 per month.
Online delivery platform income: $50 per month.

Lease is from 01/08/23 to 30/07/30 (7 years), with the owner agreeing to assign or extend the lease.
Deposit: $12,800 (2 months' rent).
Business hours: Monday to Sunday, 10:30 AM to 10:30 PM, with potential to extend to 11:30 PM due to customer demand.
Stock is estimated at $50k-$60k, depending on negotiation.
The sale includes all assets and stock in the shop.
50% of suppliers offer credit terms of 7, 14, or 30 days.
3 months of free training will be provided.


Mini-mart in Geylang for sale. Selling for $350k (negotiable).
Annual sales of $1.2m, with an estimated profit of $80k per year.
Average monthly sales are $90k-$115k, with a maximum of $134k during peak holiday periods.
Net profit: 8-9%.
Salary: $2,300 per month; part-time staff: $70 per day.
Electricity and water: $900 per month.
Rent: $8,500, less $2,000 per month for a sublet bedroom (net rent: $6,500).
SPX collection point income: $200 per month.
Online delivery platform income: $50 per month.
Cigarette survey income: $50 cash per month.

Lease from 14/07/23 for 3 years, with the owner agreeing to assign or extend for two further 3-year terms.
Deposit: $25,500 (3 months' rent).
Business hours: Monday to Sunday, 11:30 AM to 10:30 PM, with potential to extend to 11:30 PM due to customer demand.
Stock is estimated at $50k-$60k, depending on negotiation.
The sale includes all assets and stock in the shop.
50% of suppliers offer credit terms of 7, 14, or 30 days.
3 months of free training will be provided.

Property Information

Real Estate:

Lease

Living Accommodation:

No

Location:

3 St George 1-75 320003

Premises Details:

Lease

Size in square feet:
800
Planning Consent:

Yes HSB shop house

Business Operation

Expansion Potential:

Yes

Competition / Market:

No

Reasons for selling:

Retired

Trading hours:

9-10:30 PM

Employees:
1
Years established:
2017

Other Information

Support & training:

Yes 3 month free training

Relocatable:
This business can be relocated