Businesses For Sale in SingaporeSingapore

Listing ID: 13538
Total Viewed: 6137
Last Refreshed: 19/09/2018

Group Operating Multiple CBD Restaurant / Bar / Bistro For Sale

Central Area

Asking Price : SGD1,500,000

Revenue: Above SGD1M

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2014

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: SGD0

FFE: Not Disclosed

Staff: 40

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

Reason To Sell
owner has no bandwidth to scale up the business
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

- 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 $1.5M

Business Operations
Business Hour:
monday to friday, 8am to 11pm, closed on weekends and PH
Supporting and Training:
hand-holding will be comprehensive
Staff:
20 Local, 10 Foreigners, 10 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1500sqft
Rental Fee:
SGD21,000
Rental Deposit:
SGD180,000 (included in selling price)
Lease Term:
3 + 3
Premises Detai:
raffles place (1400sqft) robinson (1800sqft)
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
both locations are fully fitted with everything a restaurant needs to operate smoothly
Competition:
over the years, many restaurants and opened and closed, we do what we must to stay ahead and will continue to do so
Expansion Potential:
100%

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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