281 Geylang rd
S$ 360,000
1,500
sqft
S$ 240.00
psf
880 m (11 mins) from EW9 Aljunied MRT
1.2 km (14 mins) from CC7 Mountbatten MRT
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Property details
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About this property
Business & Lease Takeover for Fully Operational Minimart at Geylang
A rare opportunity to acquire a fully operational and profitable grocery, convenience, beer, cigarette and household products store. High footfall with many businesses, shops and hotels nearby.
Business Performance:
Monthly Sales: $100,000 - $120,000k (Peak)
Peak Season Sales: Up to $150,000 per month
Key Highlights:
Established business with regular customer base. Prime high-traffic location in Geylang. Alcohol and cigarette licences available for transfer (subject to approval). Fully fitted and operational. POS system, cashier setup, computers and all equipment included. Multiple commercial refrigerators and display chillers included. Existing inventory and stock included. Immediate takeover possible.
Lease & Rental:
Lease available for approximately 1 more year with renewal option discussion. Back room currently rented out generating approximately $2,000 monthly, bringing effective shop rental cost to approximately $6,500 monthly.
Staff:
Existing Singaporean cashier available for takeover at approximately $3,000 per month. New owner may retain existing staff or hire their own team.
Sale Structure:
Business asset sale. Proprietorship and business transfer possible. Equipment, refrigerators, shelving, POS systems and fixtures included. Existing stock included. Assistance with transition and licensing transfer provided.
Interested parties please contact Elizabeth | PropNex
DM or WhatsApp (8o6o3828) for full details
Business Performance:
Monthly Sales: $100,000 - $120,000k (Peak)
Peak Season Sales: Up to $150,000 per month
Key Highlights:
Established business with regular customer base. Prime high-traffic location in Geylang. Alcohol and cigarette licences available for transfer (subject to approval). Fully fitted and operational. POS system, cashier setup, computers and all equipment included. Multiple commercial refrigerators and display chillers included. Existing inventory and stock included. Immediate takeover possible.
Lease & Rental:
Lease available for approximately 1 more year with renewal option discussion. Back room currently rented out generating approximately $2,000 monthly, bringing effective shop rental cost to approximately $6,500 monthly.
Staff:
Existing Singaporean cashier available for takeover at approximately $3,000 per month. New owner may retain existing staff or hire their own team.
Sale Structure:
Business asset sale. Proprietorship and business transfer possible. Equipment, refrigerators, shelving, POS systems and fixtures included. Existing stock included. Assistance with transition and licensing transfer provided.
Interested parties please contact Elizabeth | PropNex
DM or WhatsApp (8o6o3828) for full details
Amenities
Air conditioner
Estimated mortgage
Mortgage breakdown
Est. monthly repayment
S$ 0 / mo
S$ 0 Principal
S$ 0 Interest
Upfront costs
Total downpayment
S$ 0
Downpayment
S$ 0 Loan amount at 0% Loan-to-value
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Recommendations
FAQs
The sale price of this unit at 281 Geylang rd is S$ 360,000.
Current PSF at 281 Geylang rd is about S$ 240.00 psf.
The estimated loan repayment is S$ 1,374 / mo.
281 Geylang rd is located at Eunos / Geylang / Paya Lebar Balestier / Geylang (D12-14).
Floor size of this unit at 281 Geylang rd is 1,500 sqft.
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