Singapore

Sell a Business

Listing ID: 13538 Last Refreshed: 25/04/2019 Total Views: 14102

Group Operating Multiple CBD Restaurant / Bar / Bistro For Sale

Central Area

Asking Price: S$1,200,000
  • Premise Type N/A Premise Size 3200sqft
  • Monthly Rental S$40,000 Rental Desposit N/A
  • Revenue S$3,000,000 Cash Flow S$200K - 500K
  • Gross Profit > S$1M Net Profit S$200K - 500K
  • Stock S$100,000*** Liability S$0***
  • Payable S$0*** Receivable S$0***
  • FFE S$400,000*** Established 2014
  • Owner Role Full Time Staff 30
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
joshsss@gmail.com
Email Owner

Reason For Sale

no bandwidth to scale up the business

Description

About the business


Beginning in 2014, with our flagship restaurant in Raffles Place, the brand has grown into a household name in the area. 

Three years on, after careful selection of our next location, we have opened doors to our next outlet at Tangjong Pajar / Robinson Road. 



Key Points


- Lease for both locations expire 2021 with a +3 clause

- Annual turnover in access of $3M

- Takeover lock stock barrel

    1. Live Company with $100k paid up capital

    2. Deposits in excess of $150k

    3. Entire HR since 2014 (key position holders 4 years going on 5 years)

    4. All Intellectual Property

- Prospects will be dealing directly with the owner of the business 

Non Disclosure Agreement Required for us to divulge further

- extremely suitable for exsisting F&B operators who wants CBD presence 

- Asking $1.2M

Business Operation

monday to friday, 8am to 11pm, closed on weekends and PH
Business Hour
both locations are fully fitted with everything a restaurant needs to operate smoothly
Facilities
Ratings average 4.5 out of 5 across various platforms. We always strive to stay ahead of the competition. Since we started in 2014, many restaurants have opened and closed without our vaccinity, we do what we must to stay ahead and will continue to do so
Competition
100%, especially if you want a even bigger footprint in the CBD / high density corporate space. Our business model works and we have the results to prove it.
Expansion Potential
hand-holding will be comprehensive
Supporting and Training
ideal for existing F&B operators who wants to expand into the CBD scene
Background & Skills

Property Information

Rent
Premise Status
3 + 3
Lease Term
raffles place (1400sqft) robinson (1800sqft)
Premises Details
Yes, it can relocate to other place
Relocatable
Email Owner
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