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Listing Id: 31193 Last Refreshed: 20/06/2024 Total Views: 1069

Mobile Accessories/Phone Repair Store For Takeover (in Shopping mall Level #1)

GeylangMobile Shops
Asking Price: S$8,888(Neg.)
Business For Takeover
Look For Investor
Look For Partner
Vincent Seah
Email Owner

Overview

  • Premise Type Shopping Mall
  • Premise Size 183 sqft / 17 sqm
  • Monthly Rental S$2,200
  • Rental Desposit S$4,400
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 1
  • Established 2008
  • Source Direct Seller

Reason For Sale

Exiting trade

Description

Store is located in one of the Paya Lebar malls, 5 mins walk from Paya Lebar MRT station.

Takeover includes:
- nicely renovated fixture and store front.
- Customised desktop and shelf for repairs

Takeover DO NOT include accessories stock and repair parts, all of these will be calculated at cost value to you, I can take away all the stock if buyer only wish to take over the bare unit and fixtures/fittings. Estimated stock and repair parts valued at around $15000.

Positive nett profit every month with full records to show prospective buyers. Just take over and run it.

Currently I am running and managing (retail+repair) this business by myself.

Store is currently well stocked for accesssories, mobile phones, repair parts and top ups.

Store is located on level 1, prominently located and right beside fast food restaurant. Good mix of residents from surrounding HDB and private enclaves, and also office crowds, as well as tourists staying above the condos and nearby hotels. 5 Min walk from the nearby MRT interchange.

Current lease ends in Oct 2024, can sign new lease with the management.

Fixed expenses are as follows:
Rental is close to $2200(GST included) + 1% GTO, broadband bill is $100 monthly, and Electrical bill is about $150 monthly.
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