Singapore  Singapore

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Listing Id: 15740 Last Refreshed: 01/06/2019 Total Views: 2333

(Expired)Organic Retail Shop for Takeover (Established for more than 10 years)

YishunHealth Food and Nutrition ShopsSupermarkets
Asking Price: S$50K - 100K
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Neighbourhood
  • Premise Size
  • Monthly Rental S$4,300
  • Rental Desposit S$8,600
  • Revenue S$20K - 50K
  • Liability N/A
  • Gross Profit S$5K - 10K
  • Net Profit Under S$5K
  • Stock S$70,000***
  • FFE S$5,000***
  • Payable N/A
  • Receivable N/A
  • Owner Role Part Time
  • Staff 3
  • Established N/A
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Lack of Manpower, Change of Business Enviroment, Other Commitments

Description

About the Business
- Compehensive Organic Retail Store in the North
- Selling Organic/Natural Products & Fresh Vegetables/Fruits
- Established for more than 10 years
- Stable customer base (More than 5000 members)
- Reliable Retail management system with CRM (Vend POS)
- 3 Staffs (2 Singaporean, 1 Work Pass)
- Owner will ensure Smooth Takeover (Easy to Learn & Training provided**)

Strengths of Business
- Reputable Name in the Industry (More than 10 years in operation)
- Established customer base (More than 5000 members)
- Probably the only one of its kind in the North (Specialised in Organic Retail)
- Reliable Retail management system with CRM (Vend)
- Wide range of Products & Suppliers
- Good understanding of Products & Nutrition (Owner & Staffs)
- Good working relationship with our Suppliers/ Partners
- Top search in Google SEO

Weaknesses of Business
- Quiet Location (Less Walk-Ins/ Footprints)
- Long Operating Hours (8am-8pm)
- Limited Payment Options (Only Cash & NETS)
- Limited Delivery Options (Due to Cost & Manpower)
- Limited Online Presence & Consumer Engagement
- Limited Trained Staffs
- Heavy dependant on local Suppliers for Stocks

Opportunities
- Setup online store and have islandwide delivery
- Continue to built online presence & consumer engagement
- Move to better location (Nearer to MRT or central market)
- Work/Partner with different organizations & suppliers for visible promotion
- Import more products & develop own product range
- Sell more vegetarian products

Threats
- Changing Retail Business Environment
- Big players (NTUC) entering the Organic Market
- Online Delivery (HonestBee, RedMart)
- New Competitors in the Neighbourhood
- Discontinue of main products by Suppliers
- Equipments Breakdown (Maintanance Costs)

Business Operation

Owner will ensure smooth takeover (1-2 months support)
Support and Training
Easy to Learn & Training provided
Background & Skills

Property Information

Rent
Premise Status
2 year lease end in Dec 2019
Lease Term
Yes, it can relocate to other place
Relocatable
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