Singapore

Sell a Business

Listing ID: 14099 Last Refreshed: 22/04/2019 Total Views: 11484

Takeover Bistro Bar (2 Storey Shophouse)

Central Area

Asking Price: S$100K - 200K
  • Premise Type N/A Premise Size 1450sqft
  • Monthly Rental S$10,000 Rental Desposit N/A
  • Revenue S$20K - 50K Cash Flow S$10K - 20K
  • Gross Profit S$10K - 20K Net Profit S$5K - 10K
  • Stock S$6,000*** Liability S$0
  • Payable S$0 Receivable S$35,000***
  • FFE S$35,000*** Established 2017
  • Owner Role Investor Staff 0
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Quek Wei En James
Email Owner

Reason For Sale

owners would like to explore other area of f&b sector

Description

NOTICE: Due to overwhelming interest, the new offer for takeover with all licenses and facilities as listed below is at 140k (slightly negotiable for genuine prospects)



Lease duration 2+2yrs start 12jan 2018

Monthly rental 10k

Security deposit 20k

Average monthly revenue - up to 40k/month

Average monthly profit - 5k-10k/month

points to note:

pacbev sponsorship - 35k, 12k a&p, 23k in beer and incentives (San Miguel & Black Cab)

POS System - Epoint 

Kitchen setup - chiller + custom work tables (2 nos) + chest freezer  + lava stone griller (faulty)

Renovation - electrical & plumbing, minor renovations to both floors

Bar setup - bar counter, bar equipment, glassware, bar tools, liquor supplies

Furniture - tables and chairs L1, bar tables and stools L2, 2pc sofa set 

Marketing done in collaboration with radio stations such as 91.3, 98.7, 100.3

Marketing email leads (approx 10k)

Facebook page - 1.2k follows, max 20k reach and 3k+ views on a single post

Participation:

Singapore garden festival @gardens by the bay (21july - 3aug) 

Market on wheels @amk hub (6aug - 9sept)

Live account with iswitch (electricity retailer), $0.1655/kwh (current price is 0.23xx/kwh) fixed for 2 years 

Functional kitchen exhaust system, air conditioning units, portable grease trap in kitchen (NEA approved)

Licenses to be transferred within 3-6 months after takeover 

NEA food shop license 

SPF liquor license (beer & liquor, 6am-12mn)

URA change of use approval for f&b

SCDF 2hr fire rated (L1 only)

Reason for selling: owners would like to explore other areas of f&b sector. 


Business Operation

12pm-12am
Business Hour
highly scalable business model
Expansion Potential
will recall existing staff back to work if buyer requires staff. otherwise you are free to recruit your own staff
Supporting and Training
Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
2+2 begin 12 January 2018
Lease Term
2 storey shophouse
Premises Details
Email Owner
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