Businesses For Sale in SingaporeSingapore

Listing ID: 13694
Total Viewed: 4340
Last Refreshed: 19/09/2018

Well Known Premium Bar For Sale

Central Area

Asking Price : SGD220,000

Revenue: SGD500K-1M

Cash Flow: SGD50K - 100K

Payable: Not Disclosed

Established: 2015

Gross Profit: SGD100K - 200K

Inventory: SGD15,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD50K - 100K

Liability: Not Disclosed

FFE: SGD200,000

Staff: 8

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

Reason To Sell
Health issues
Business Description

- Well-known rooftop bar 
- Located in Tiong Bahru area, near MRT, offices, and hotels 
- Foodshop license, Liquor license, Public Entertainment license 
- Fully equipped bar and kitchen 
- 1700 sq ft indoor space 
- newly renovated just over a year ago, furniture and equipment in good condition 
- 2 toilets, ideal for high customer traffic 
- ideal for private events, have frequent private events 
- POS, CCTV, zoned audio system installed 
- Takeover to include all existing inventory stock, equipment, and fixtures 
- Rental lease till June 2018, up for renewal 
- profitable business

Business Operations
Business Hour:
5pm-1am
Supporting and Training:
2 Weeks
Staff:
3 Local, 5 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1700sqft
Lease Term:
pending negotiation
Premises Detai:
Hotel Rooftop
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Newly renovated in July 2017. Newly replaced Kitchenwares and equipments.
Competition:
Not many competition near business. Only a few smaller bars around. The only rooftop bar in Tiong Bahru.
Expansion Potential:
Can open branches if have capital.

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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