How To Start A Pushcart Business

Didichh

Dear all,

I would like to start a pushcart business. I will bring in my stock from Bangkok. please assist me on the following questions:
1) Should I register my business under sole proprietorship?
2) How to bring in the stock? Should I declare GST if value exceed S$400?
3) How to get the push cart? Is it provided by the mall?
4) How to participate any event/ Bazaar? I noted that there will provide with table and chair, is that mean that I can only use that for my set up? or mean that will only be the space that I can use for?
5) How is the payment from customer? Should I need a cash register just directly collect cash from custmer will do? How is the arrangement via net?

Thanks for your advise.

Comfy Toefy

Hi

We are supplier for fashion socks & are looking for pushcart / retail vendors who have interest in doing consignment basis on our Fashion Socks. Our socks are suitable for age 13 onwards.

We supply consignment to vendors and provide a full set up consist of :

1) 1 no. of rotating rack c/w 48 hooks consist of 576 pairs of socks ( To be return upon cease of Consignment period )

2) The Profit margin is 40% of Sales

** NOTE: NO UPFRONT PAYMENT IS REQUIRED UPON FULL SET UP. WE WILL ONLY BILL ON SALES ACCORDINGLY.**


Retail & pushcart outlets vendoring our products at Jurong Point , Bugis Street, Admiralty Mall , Tampines Mall, Hougang , Kallang Leisure, Bedok , Katong etc.

You may also visit our Facebook site "Comfy Toefy" for the range of our fashion socks catalogues


Cheers !

Attached Thumbnails

         

meinteel

1) Yes, you should register - sole proprietorship is probably the best choice for a small company (lowest tax rate).
2) How to bring in stock? Shipping/logistics companies. Should you declare? Yes. You cant be bringing in large piles of stocks all the time hoping that the customs won't spot it. Most businessman under-declare the value though.
3) Carts are provided by the respective malls. Contact the mall's leasing department you are interested in.
4) Events/bazaars are conducted by different organisers. You would have to contact them. Terms & conditions vary, check with organiser. Usually you are allocated a certain space and will be limited within it. You can bring whatever you like so long you stick to the limited space.
5) Cash payments is the best, however, nowadays more and more consumers don't bring lots of cash out. That means they would want to pay via nets/credit card for even sums as small as $5. Yes, it is true! Experienced it a couple of times this year already. Do note that nets & the bank (for credit card transaction) will charge you a transaction fee (usually 1%-3% of the transaction).

Didichh

Thanks Meinteel. Your reply help me a lot.

I am planning to bring in my goods fr Bangkok and it have been registered its trademark in Thailand. Should I register the trademark in SG?

meinteel

Not necessarily. However, if you are adamant about protecting your trademark in Singapore then you should.

haikara

We are the event company who specialise in leasing pushcarts and kiosks in different shopping mall. Currently, are you looking for any space? Please contact Maxx at for detail.