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Listing ID: 171 Total Viewed: 9461

European Restaurant & Bar

Central Area, Singapore

Asking Price : SGD500K - 1M

Revenue: SGD50K - 100K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2011

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 19

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

***NOT included in asking price

Reason To Sell
Owner moving overseas
Business 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 Operations
Business Hour:
11.30am - 10.00pm
Supporting and Training:
1 months
Staff:
12 Local, 3 Foreigners, 4 Part Time
Property Information
Premise Status:
Rent
Premise Size:
3000sqft
Rental Fee:
SGD23,000
Lease Term:
19 months lease expire in October-2014

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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