Singapore

Sell a Business

Listing ID: 13600 Last Refreshed: 22/04/2019 Total Views: 12783

Italian Restaurant And Bar For Takeover

Central Area

Asking Price: S$50,000
  • Premise Type N/A Premise Size 450sqft
  • Monthly Rental S$6,500 Rental Desposit N/A
  • Revenue S$20K - 50K Cash Flow S$5K - 10K
  • Gross Profit S$5K - 10K Net Profit S$5K - 10K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2017
  • Owner Role Investor Staff 3
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Chase Bailey
Email Owner

Reason For Sale

Focusing on other businesses

Description


Italian restaurant and bar in trendy and high traffic Hongkong St precinct of the Singapore CBD.


Small scale profitable operation with significant potential to provide cafe, restaurant and bar offerings throughout the week. 


Fit-out and investment in equipment of $150,000+ in early 2017. 


Owners are focussed on other businesses and can't dedicate required time to maximise profitability.


Takeover fee $50,000

Unit size ~450sq ft

Monthly sales ~$30,000 with significant upside from morning openings (current trading limited to Monday to Friday, midday to night)

Rental ~$6,500 / month

Utilities ~$1,250 / month

~2 years remaining on existing lease (with option to extend an tenants choice)


Property Information

Rent
Premise Status
2 years remaining
Lease Term
Full kitchen facilities, bar and indoor seating as well as outdoor area and seating for up to ~15
Premises Details
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