Singapore  Singapore

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Listing Id: 13517 Last Refreshed: 26/05/2019 Total Views: 10269

(Sold) Chinese Restaurants Business For Sale

Central AreaFood and Beverage
Asking Price: S$200K - 500K
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Liability N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff N/A
  • Established N/A Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Peter Wan Dream Centre Business Brokerage Pte Ltd

Reason For Sale

Seller Has No Time To Manage The Business

Description

πŸ’½ 2 outlets

πŸ’½ Business Outlets
❇️ Orchard area:
πŸ‘‰πŸΌ 2015
πŸ‘‰πŸΌ Approx. $400K renovation inclusive of equipment
πŸ‘‰πŸΌ Monthly rental - $40K πŸ‘‰πŸΌ 2200sf
❇️ Petir Road / Bt Panjang area
πŸ‘‰πŸΌ 2017
πŸ‘‰πŸΌ Approx. $400K renovation inclusive of equipment
πŸ‘‰πŸΌ Monthly rental - $38K
πŸ‘‰πŸΌ Approx. 2600sf

πŸ’½ Estimated yearly gross profit
- net lost $20K - $30K (past 1 year)

πŸ’½ Estimated monthly
gross revenue - $100K per month per outlet

πŸ’½ Estimated yearly - $1.2M per outlet

πŸ’½ Monthly total cost slightly above $100K per outlet

πŸ’½ Any director fee
πŸ‘‰πŸΌ $10K

πŸ’½ How many directors in the company ?
πŸ‘‰πŸΌ 2

πŸ’½ Director’s involvement in the business
πŸ‘‰πŸΌ minimum

πŸ’½ Staff :
πŸ‘‰πŸΌ local - 25 - 30
πŸ‘‰πŸΌ foreigner - 10 - 15

πŸ’½ Reason for selling
πŸ‘‰πŸΌ Lack of time to manage the restaurants due to other commitments

πŸ’½ Open for joint venture with new investor ?
- No

πŸ’½ Selling price - View to offer

Thank you & blessings

Property Information

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