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Listing ID: 1277 Total Viewed: 3

Profitable Indian Vegetarian Restaurant Business For Sale (Sold)

Marine Parade, Singapore

Asking Price : SGD550,000

Revenue: SGD50K - 100K

Cash Flow: SGD50K - 100K

Payable: Not Disclosed

Established: 2000

Gross Profit: SGD20K - 50K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD10K - 20K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 21

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

***NOT included in asking price

Reason To Sell
Owner is Retiring
Business Description

Well Established

Highly Reputed

Excellent Location

Highly profitable

Very good scope for improvements and expansion.

Excellent repeated and retained customer base.

The Owner Ran this business as Sole-Proprietorship for many years under the same banner, for the benefit of the buyers, he has recently converted the sole-proprietor business into a private Limited company.

Business Operations
Business Hour:
Morning 7.30am to Night 10.30pm. All Days. Planning to close for two days monthly from 2015 ownards
Preferred Skills:
Passion for Food & Beverage industry, Knowledge of Indian Vegetarian Cuisine, experience in working or running small and medium Restaurant and Food catering business is an advantage.
Supporting and Training:
Full After sales Support and Training will be provided. Minimum three months guaranteed.
13 Local, 6 Foreigners, 2 Part Time
Property Information
Premise Status:
Premise Size:
Rental Fee:
Rental Deposit:
SGD12,000 (included in selling price)
Lease Term:
36 months from 1st November 2012. Renewable in 1st week of October 2015
Premises Detai:
First and Second floor. First floor seated Restaurant. Second floor can be converted to function hall. Currently its a packing and storage use. highly potential to convert into a fine dine & cuisine.
Yes, it can relocate to other place
Other Information
There is absolutely no competition in the near-by vicinity. As this owners are established for many years and their reputation is unbeatable by the competitors.
Expansion Potential:
Highly potential for Expansion. Can be Franchised out to get more and more passive income.

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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