Singapore

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Listing Id: 37160 Last Refreshed: 01/06/2025 Total Views: 45

Bicycle Shop For Sale With Long History And Big Customer Base

Bukit MerahBicycle ShopsRepair Services
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
Goh Yi Fan
Email Owner

Overview

  • Premise Type N/A
  • Premise Size 1000 sqft / 93 sqm
  • Monthly Rental S$2,071
  • Rental Desposit S$5,103
  • Revenue S$7,500
  • Liability N/A
  • Gross Profit S$6,500
  • Net Profit S$4,500
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 1
  • Established 1977
  • Source Direct Seller

Reason For Sale

Owner is retiring.

Description

Hong Seng Guan Bicycle Shop is a long-standing bicycle retailer and repair service provider in Singapore, with a history spanning over 50 years. Established on August 15, 1977, as a sole proprietorship, the business is currently registered under the Unique Entity Number (UEN) 06186900K. Originally located at 107 Jalan Bukit Merah, #01-1810, Tiong Bahru Orchid, Singapore 160107, the shop relocated on May 1, 2023, to its current address at 1092 Lower Delta Road, #04-16, Singapore 169203.

The shop is managed by Mr. Goh, affectionately known as "Dr. Goh" among his customers. He is renowned for his honesty, affordability, and ability to quickly diagnose and fix bicycle issues . Despite his sons not intending to take over the business, Mr. Goh remains committed to serving the cycling community, working seven days a week without rest days.

Business Operation

Mostly bicycles and spare parts.
Facilities
Faced strong competition during Covid period due to surge in cycling interest but it has come down ever since.
Competition
Possible to rent other units of mapletree industrial park in other towns of Singapore to do the same business.
Expansion Potential
Seller will provide training if required.
Support and Training
Experience in mechanical repair of bicycles.
Background & Skills

Property Information

Rent
Premise Status
3 year lease ends in November 2026
Lease Term
A factory for the purpose of e-commerce, storage, repairs & auxiliary office for bicycles in accordance with guidelines of the Urban Redevelopment Authority.
Premises Details
Yes, it can relocate to other place
Relocatable
Send Enquiry
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