Singapore Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Take advantage of a unique opportunity to acquire an established and profitable minimart located in Springside, a prime area with high foot traffic. Situated directly in front of a bus stop and opposite an army camp, this business enjoys exceptional visibility and access, drawing in both residential customers and army personnel daily.
Key features of this minimart include:
- Sole minimart in the estate, resulting in zero competition.
- Consistent monthly sales ranging from $70,000 to $74,000, with actual POS data available for verification.
- Annual revenue approximating $870,000, demonstrating a strong and reliable income stream.
The premises cover 829 sqft and are leased at a monthly rental fee of $5,783.10, which includes GST and service charges. The lease is secure until February 28, 2028, offering stability for the new owner. A rental deposit of $15,916.80 is included in the selling price, ensuring a smooth transition.
This sale includes all stock, fixtures, fittings, and company registration, with one experienced employee currently in position and an additional work permit quota available for future staffing needs.
The current owner is selling due to relocation, presenting a genuine opportunity for a new owner to step in seamlessly. Comprehensive handover and training will be provided, ensuring you have all the tools needed for success.
This minimart is ideal for individuals or investors looking to enter the retail space with a proven business model and a solid customer base. Serious inquiries are encouraged to explore this lucrative venture further.
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Competition
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