Malay Boutique Shop in Melawati Mall, now is available for immediate takeover. Reason why the owner wants to let go the unit is that owner needs to migrate overseas with family. This shop is located at a prime location in the mall, with a glass facade display at the back that is clearly visible to customers before they even enter the mall.
Melawati Mall is a new, five-star mall located in Taman Melawati, that opened in July 2017 and has key tenants like GSC Cinema, Village Grocer, ToysRUs, Fitness First, Padini Concept Store, Brands Outlet and many more. Level 2 in the mall is dedicated to famous local fashion brands such as Siti Khadijah, Omar Ali, Jubah Souq, Rina Salleh, Ashura and others. This particular shop available for sale is also located on Level 2. It is in ready-to-do-business condition and has been running successfully for the past few months. It is a corner unit with approximately 1,400 sqft of retail space. It is the only available unit with glass facade display, and has empty space on its side that can be used for new product launches, fashion shows or promotion events.
Following are the financial details.
• Deposit paid to the mall's management = RM75,000 (refundable upon expiry of tenancy).
• Amount spent on shop renovation = RM145,000 (excluding stock).
• Tenancy agreement signed (3+3 years) between seller's company and mall's management.
• Seller's company will be sold together with the shop (with no added cost on buyer).
• Paid-up capital of the company = RM100,000.
The owner is not only offering a price below cost for a 1,400 sqft unit, but is in fact offering a price below the investment cost re
