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Listing ID: 332 Total Viewed: 8125

Popular Bar along Mohammed Sultan Road for immediate takeover.

Central Area, Singapore

Asking Price : SGD100K - 200K

Revenue: SGD50K - 100K

Cash Flow: SGD20K - 50K

Payable: Not Disclosed

Established: 2013

Gross Profit: SGD20K - 50K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD20K - 50K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 8

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

Reason To Sell
Withdrawal of a shareholder
Business Description

Popular Bar along Mohammed Sultan Road for immediate takeover.

About the location:

Strategically located along Mohammed Sultan Road, an upmarket entertainment district. High human traffic. Proximity to residential area, shopping malls, offices, hotels. Famous landmarks includes Singapore river, Clarke Quay. Walking distance to MRT stations, ample parking space.

About the Business:

A vibrant bar with a unique concept. Was featured in the media. New renovation done in May 2013. Furnishing and fittings are all bought brand new in May. Good pool of regular customers. High turnover with accounts kept properly. The last unit allowed by the authority for bar business. Business is still in operation.

Floor space: 2400 sq feet

Monthly rental: $17350 (Lease till 2015 with option to extend) 

Liquor Licence till 3am daily

Public Entertainment Licence (category 2) till 3am daily

Fully equipped kitchen

Fully built bar

5 x 50" LED TVs

Full sound system

Reason for selling: Withdrawal of a shareholder

Only for serious prospects who have managed or are interested to continue a profitable business. Take over fee negotiable for sincere prospects.

Business Operations
Staff:
3 Local, 5 Part Time
Property Information
Premise Status:
Rent
Rental Fee:
SGD17,350

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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