Big pile of bullcrap. Plus these saudis cant be trusted. Sorry.

Trust me , hes selling not because hes wants to go back , its because this mart is not making money and he wants to get rid of it and balik kampung.

true true
unpaid rental: 6 months

Basically buying all the stock for 230k.

Hard time to audit this.

Expiry and value.

dont fall to trap. there no mention per month rm60k he mention per day. i repeat per day. rm2-3k. thats not mention MAXimum OR sales paling rendah berapa.

bussiness mart cash sales tinggi. profit yilek.

Biggest concern of buying over proprietorship business is there could be hidden debts that's not shown in the books. Would be bad if later some goods/assets are taken back by supplier when you thought you bought it from the business seller.

Be careful yo.

i made a good decision by posting this here i guess...

i was merely helping and I will try to get back on the points that all of u stated

if this turn out to be not as what it seems...I will update u guys

thanks

sales rm2800 thats not mean profit rm2800
if mean profit 2800 is that not mean nett profit rm2800

understand?

Whoever is interested, please do a careful survey around the area.

Maybe you would see a 99 Speedmart going to open soon nearby.

This post has been edited by joe_mamak: May 23 2017, 10:54 PM

60k month sale for convenient store isnt that good actually just ok only

if u take out cigarette and topup

only making about 35k monthly with 25-30% margin around 12k before deduct utilities, wages, product loss (from staf and customer)

and staff turnover sure very high too

net profit less than 10k before tax,

ROI too long to get back 230k , from the pictures the product on shelves barely worth 30k , minimal renovation , racks and chiller worth barely 15k , and convenient store require good cctv system at least 8 channel decoder that ?cost 5k

and mind u most convenient stores are experiencing degrowth instead of growth due to aggressive expansion from all players

those who said its a good deal clearly have never operate mini mart before

This post has been edited by Flizzardo: May 23 2017, 11:02 PM

Good deal

lets say you open one, next door shop to his, how much needed? 100k? stocks and outfitting the place interior.

i just editted

from the pictures , racks , shelving and chiller look too minimal probably barely 15k , and stock worth 30k (not sure about storage

and no mention of cctv system fitted

i'd say even including lease 6 months lease , definitely can open for less than 100k

This post has been edited by Flizzardo: May 23 2017, 11:05 PM

so basically if die die wanna open one (using your 10k net income figure), no need gip others 230k?
just use 60-80k cukup? cover rental/deposit/running capital 2mth..

berapa to run costa coffee ?

u wait till speedmart open beside u then MATI GAO GAO

but it also depends on location.. visbility and accessibility are super important.

also competition in convenient retail is really high i forsee in the future if our local groceries store do not evolve into something like family mart many will die out unless u r resilient enough

also stock management which highly related to manpower because high likely ur own staff might steal products or did not scan the product so investing in cctv is necessary unless u urself are there all the time or reliable family member always working

This post has been edited by Flizzardo: May 23 2017, 11:13 PM

if got speedmart usually i masuk speedmart first

aiseh so susah, ok i do hi tech farming better.

Why not?

Buy RM10. Sell RM20. 100% profit margin. Duh. Been there, done that.

Have to agree....LOL.