Businesses For Sale in SingaporeSingapore

Listing ID: 13498
Total Viewed: 2994
Last Refreshed: 19/09/2018

Renowned Profitable Cake Shop And Bakery For Sale - Price Reduced

Central Area

Asking Price : SGD200,000

Revenue: Not Disclosed

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: Not Disclosed

FFE: Not Disclosed

Staff: 6

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

***NOT included in asking price

Reason To Sell
Owner is returning to home country
Business Description

Fully renovated and furnished cake shop and bakery is centrally located in a large, licensed kitchen space. Owner is looking for a passionate baker or budding entrepreneur to take over the company.

Established in 2014, the bakery has been profitable all 4 years of operation with revenue from several income streams:

- Custom cakes for corporate orders, weddings, celebrations, birthdays

- Pastries

- Baking and cake decorating classes

- Dessert tables and party set-ups

- Retail sale of cake mixes

 

Cake shop and bakery is located centrally, easily accessible from MRT (5min to 2 MRT lines) and bus stop right outside. The unit is a 1150sqf newly renovated ground floor shop house with a large glass window shop front, a generous show room (also enough space for seating area), large kitchen area with enough space for 20 students for classes, office space in the back, 2 storage rooms, separate washing area and toilet. All rooms are air conditioned (4 units).

 

The company is fully equipped with furnishings, fixtures, equipment and tools for operations

– 4 tray convection oven, 4-door freezer, 2-door freezer, 2-door fridge, dishwasher, large 10l mixer, 6l mixer

- 3 working tables, ample shelves, cupboards, counter, display shelves

All baking and cake decorating tools are included

All cake stands, plates, decorative props for photo shoots and set-ups are included

Recipes for all cakes, pastries, cake mixes are included

 

The company is renowned and has been featured in many wedding, parenting and food magazines as well as on famous Singaporean parenting, wedding and food blogs. The company has been voted for the top Singapore cake provider on over 15 different websites. The company comes with its own set-up and functioning website, facebook page with approx. 5k followers, Instagram page with approx. 2k followers and a newsletter database of approx. 8k e-mail addresses

The company has also been featured in a two film projects to be broadcasted on local / Asian TV channels (to air in July/August 2018)

 

Clients are

- private individuals (male / female, 20-60), locals and foreigners, wedding couples and parents willing to spend on their cakes for their life events, high number of returning customers

- corporates for events or client gifts (e.g. Dior, Chanel, Swatch, Grab, DBS, Google)

The company has a fully set-up order system with mainly online, telephone and walk-in orders, some order also come with partnering websites.

Working together / partnering with several 5* hotels, famous restaurants and wedding/party venues

 

Equipment: $20k included

Stock: $8k included

Deposits: Rental & electricity (not included)

Registered as: Pte Ltd

Location: Central

Size: 1150sqf

Rent: $3.7k / month // tenancy agreement until February 2019 + 1 year in rental agreement (can be relocated)

Team: 3 full time, 2 part time, 1 intern

GST registered: no

Revenue: $300k

Profit + owner salary: $100k

Reason for selling: Owner is returning to home country

Hand-over period: negotiable


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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