Listing Id: 171
Last Refreshed: 07/05/2019
Total Views: 14431
(Expired)European Restaurant & Bar
Central AreaFood and Beverage
Asking Price: S$500K - 1M
Business For Takeover
Look For Investor
Look For Partner
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Premise Type
N/A
Premise Size
-
Monthly Rental
S$23,000
Rental Desposit
N/A
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Revenue
S$50K - 100K
Liability
N/A
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Gross Profit
N/A
Net Profit
N/A
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Stock
N/A
FFE
N/A
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Payable
N/A
Receivable
N/A
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Owner Role
Full Time
Staff
12
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Established
2011
Source
Direct Seller
- Reason For Sale
- Description
- Business Operation
- Property Information
Reason For Sale
Owner moving overseas
Description
Since its opening in 2011, this cosy and modern restaurant and bar has grown from strength to strength and have built a steady base of dining guests as well as a strong clientele who have engaged the business for both private and corporate functions and events.
Located in the heart of Orchard with soon-to-be direct access to the MRT station and a brand new hotel-mall-office complex, the business has the strong potential of having a direct access to an entirely new customer pool which is forecasted to increase revenue by at least 50%. The business’s customers include the lunch crowd executives as well as couples and groups of ladies who frequent the restaurant bar for its cosy ambience, its reasonably priced menus and to have a wonderful time.
The business has been nominated for 2 outstanding awards after its first year of inception as a result of its strong business and marketing strategies undertaken thus far complemented with a competent management-and-staff team who will continue to render their support to the new owners.
Business Operation
11.30am - 10.00pm
Business Hour
1 months
Support and Training
Property Information
19 months lease expire in October-2014
Lease Term