Businesses For Sale in SingaporeSingapore

Listing ID: 14921
Total Viewed: 6231
Last Refreshed: 25/03/2019

Bistro Bar For Sale

Central Area, Singapore

Asking Price : S$40,000

Revenue: S$200K-500K

Cash Flow: S$5K-10K

Payable: Not Disclosed

Established: 2017

Gross Profit: SGD100K - 200K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD5K - 10K

Liability: Not Disclosed

FFE: SGD80,000

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Owners have limited time
Business Description

Keen to venture into the F&B scene? Or expand your current operations? We've got an excellent opporunity for you!


We are looking to let go our shop fittings & equipment urgently so any reasonable offers will be considered.


We built a regular customers coming from the neighbouring offices, gyms and housing estates. Area has a strong night crowd, with various bars and restaurants around.


Note that it’s preferable that new owners have their own concept as we are selling the store front and equipment with the company. Our existing business has gone through some changes but still have regulars coming in for drinks.


Rental of the space is $9,500 exc GST, space is 1,612 sq ft (approx $5.90psf). This is the cheapest for a space like this. Space can sit 40 pax comfortably or 60-80 pax cozily. We have held many events here with 70 to 80 pax. 


Everything has been set up for operations! No need to go through the hassle of applying for licences (acholol licence, NEA licence, Cat 2 PE licence all till Dec19, just renewed!), insurance (insurance till Dec19), setting up ulitiles (SPgroup account settled, Visa/Mastercard/NETS terminal settled), fitting out (fully fitted unit plus well equiped kitchen to cook up anything, plates cups bowls ultensils all included). Plus things like food delivery, payment apps, online reservation, POS have all been set up. 


Opex is low, depending on what the new owners decide to do from here. We have ran with 2 to 3 staff each time. Currently business model does not need many staff, hence staff cost is low. 


Some information about the unit:

1612sf

Roughly about 40-50 seater

Rental at $9,500 nett exc (1 year 10 months tenacy balance - very short commitment period)

Ample parking space around

6-day operations, only nights 

New owners can start business immediately 

Liquor licence, NEA licence in placed, currently applying for cat 1 PE licence

Address 78 Horne Road

 

Current list of equipment includes:

Convection oven

Commercial dishwasher

Ice machine (rented)

Induction stove x 3

Commercial grill

Twin basket deep fryer

Single basket deep fryer

Standing chiller

Standing freezer

Chest freezer

Counter chiller x 4

Counter freezer

POS system ($6K value)

Aircon system x 3 outside, 1 inside kitchen, 1 inside office

Sound system

Furnuiture

Crockery, cutleries and utensils

Interested buyers please call or Whatsapp me at 87997140 to view the premise and offer. We are looking to let go of this quickly so we will consider all reasonable offers. Our asking price is way below the initial capital needed to start an F&B venture. 

Thank you!


Business Operations
Staff:
Not Disclosed
Property Information
Premise Status:
Rent
Premise Size:
1612sqft
Rental Fee:
SGD9,500
Rental Deposit:
SGD29,500 (NOT included in selling price)
Lease Term:
1 year 10 months
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Kitchen is fully equipped, with key components like fridge and freezer, range hood, grills, deep fryers, oven, tables, air-con fittings etc. Dining area is fully fitted out with tables chairs aircon utensils bar equipment coffee machine etc.
Competition:
We have worked hard for the brand to gain traction in the market, potential challenge will be to keep the brand growing through consistent marketing & branding.
Expansion Potential:
Brand can easily expand and multiple as a bistro bar.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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