Singapore  Singapore

Sell a Business

Listing ID: 13759 Last Refreshed: 07/05/2019 Total Views: 1075

Well Known Premium Restaurant For Take Over In Tanjong Pagar

Central Area

Asking Price: S$1M - 5M
  • Premise Type N/A Premise Size 3940sqft
  • Monthly Rental S$55,160 Rental Desposit S$17,233,280***
  • Revenue S$3,000,000 Cash Flow S$500K-1M
  • Gross Profit S$2,100,000 Net Profit S$400,000
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2015
  • Owner Role Full Time Staff 25
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Roy Koh
Email Owner

Reason For Sale

Expand to overseas

Description

Business Description

About the business

Beginning in 2016, with our flagship restaurant in Tanjong Pagar, the brand has grown into an exclusive household name in the area.

Well-loved by its regulars, the exculsive restaurant has developed a strong client base and so visited more than 10,000 pax in a month.

we are about to expand to overseas for franchiseextremly suitable for existing F&B operators or any one who wants to own a high cash generating instrument in his/ her financial portfolio.


Key Points

- Lease for both locations expire 3rd Dec 2021 + 3 years renewal clause

- Located in the best concourse of Tanjong pagar centre

- Annual turnover in access of $3M

- more than 10,000 customers in a month

- Takeover lock,stock, and barrel

- Prospects will be dealing directly with the owner of the business 

- High media exposure restaurant appearing in magazines, newspapers, strait times, zao bao, and etc

Non Disclosure Agreement must be Required for us to divulge further

- Operation and system is already strongly set up, even no need to involve operation.

Ready to start business immediately

- Asking $2.8M

Business Operations

Business Hour:

monday to friday, 11:30 am to 10pm, opened on weekends and PH (Never closed)

Supporting and Training:

hand-holding will be comprehensive

Staff:

10 Full timers, 22 Part Timers, 

Property Information

Premise Status: Rent

Premise Size: 3940 sqft

Rental Fee: SGD 55,160

Rental Deposit: SGD190,587.70

Lease Term: 5 years + 3 for renewals

Other Information

Facilities:

the location of the outlet is fully fitted with everything a restaurant needs to operate smoothly

Competition:

over the years, there is no competition, authentic food receipe, which is well - loved from our high royal regular customers.                 


Please contact to my email : kohmanner1@gmail.com or msg me : 9735 0890

NDA must be need.


Business Operation

11:30 am to 11:00 pm
Business Hour
already trained and will be taken over too
Supporting and Training

Property Information

Rent
Premise Status
5+3
Lease Term
Yes, it can relocate to other place
Relocatable
Email Owner
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