Businesses For Sale in SingaporeSingapore

Listing ID: 13759
Total Viewed: 658
Last Refreshed: 19/09/2018

Well Known Premium Restaurant For Take Over In Tanjong Pagar

Central Area

Asking Price : SGD1M - 5M

Revenue: SGD3,000,000

Cash Flow: SGD500K-1M

Payable: Not Disclosed

Established: 2015

Gross Profit: SGD2,100,000

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD400,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 31

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

Reason To Sell
Expand to overseas
Business 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 Operations
Business Hour:
11:30 am to 11:00 pm
Supporting and Training:
already trained and will be taken over too
Staff:
4 Local, 6 Foreigners, 21 Part Time
Property Information
Premise Status:
Rent
Premise Size:
3940sqft
Rental Fee:
SGD55,160
Rental Deposit:
SGD17,233,280 (included in selling price)
Lease Term:
5+3
Relocatable:
Yes, it can relocate to other place

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.

Join Premium Buyer Now to Find More About The Business
Premium Buyer can view additional information on the business, including
  • Date business posted, and last updated
  • Total enquiries this business has had, and when last enquiry sent
  • Get the contact information for the business (if available)
Contact Seller
Your Name:
Your email
Your phone

Contact Seller
Your Name:
Your email
Your phone




Just a moment... we are sending the message now