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Listing ID: 358 Total Viewed: 9

No Manpower Issues! Rare Opportunity! 24-Hr Indian Muslim Eating House Near Mrt, Opp Mosque For Takeover - Owner Migrating - Profit From Day 1 (Thai Restaurant Sold!) (Sold)

Singapore

Asking Price : SGD220,000

Revenue: SGD80,000

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2010

Gross Profit: SGD50K - 100K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: SGD12,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 14

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

***NOT included in asking price

Reason To Sell
Owner Migrating, must sell ASAP
Business Description
1. Indian Muslim 24-Hr Eating House at Kembangan ((ASKING PRICE REDUCED!!)
- Last Yr Revenue: $824,000 (This year on track to reach $850K)
- Monthly NETT Profits: Approx $10K-$15K  
- New POS System being installed
- Very Popular on Facebook
- No Manpower Issues!
- Both shifts Managed by experienced Managers
- 4 Stalls (All Occupied) + Drinks Stall
- Lease till Jan 2015
- Asking Price: $220,000
Opportunity of a Lifetime!

- NOTE: I Took Over This Business in July 2013, so cannot show any books yet. Reason to sell is that I am migrating overseas, hence have to sell the business. This is a great opportunity to run your own profit making business with minimal intervention from your side. 

What You Get:

- All Fully Equipped Stalls with Utilities Connections
- One Vacant Room on Level 2 (Can use as Store or Let 1-2 Staff Live there and pay rent)
- All Staff (15+)
- Running Business
- All Physical Assets (Equipments)
- CCTV with 5 Cameras
- Facebook Page Administration (About 900 Fans)
- New POS System with iPads for Order Taking (To be Supplied by Merchant)
- Printer/Fax (To be Supplied by Merchant)
- Great POTENTIAL!!
- Enormous Goodwill!!
- $28,000 Rental Deposit is YOURS if you decide to move to a cheaper location after Jan 2015!!


2. 13-yr Old well known Thai Restaurant with Regular Clientele at Orchard Towers ((SOLD!))
- Last Year Revenue: $500,000
- Chef from Thailand (S-Pass Valid till September 2014)
- Excellent Staff, so no need to worry about management. Managed by Singaporeans
- Monthly NETT profit: $8-$9K (After paying off everything)
- Very active on Social Media with 1100+ Facebook fans in Singapore
- Trademark Registered, so good opportunity to Franchise
- Asking Price: $280,000

Business Operations
Business Hour:
24 hours
Staff:
8 Local, 6 Foreigners
Property Information
Premise Status:
Rent
Rental Fee:
SGD14,000
Rental Deposit:
SGD28,000 (included in selling price)
Premises Detai:
Corner coffee shop, right opposite Masjid Kasim at Changi Road
Relocatable:
Yes, it can relocate to other place

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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