Businesses For Sale in SingaporeSingapore

Listing ID: 14694
Total Viewed: 803
Last Refreshed: 10/12/2018

Well-known Western restaurant for franchise in Yew Tee Point

Choa Chu Kang, Singapore

Asking Price : S$300,000

Revenue: S$50K-100K

Cash Flow: S$10K-20K

Payable: Not Disclosed

Established: 2007

Gross Profit: SGD10K - 20K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD10K - 20K

Liability: Not Disclosed

FFE: SGD230,000

Staff: Not Disclosed

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

Reason To Sell
Embarking on franchise model
Business Description

A well-known social enterprise that serves a variety of quality western cuisine dishes at affordable prices.


With the aim of providing troubled youths and ex-convicts a non-judgmental working environment, thus making it easier for them to reintegrate into society.


- Established since 2007

- 14 outlets islandwide

- Has been given extensive media coverage from printed to TV media channels, including Channel U, Suria, and 8 Days magazine.

- Muis' Halal certfied restaurant


Franchising Existing Outlet@Yew Tee Point


Operating since Feb 2017

Monthly rental - $17K

3 Months Rental Deposit

2017 Renovation Costs - $250K

Revenue (Jan-Sep 2018) - $810K


Asking $300K

Price is inclusive of:

A $50K 5-year franchise fee

3 Months Rental Deposit

On-going training and training materials

Transfer of Exisiting Manpower & Fittings & Fixtures

Transfer of all licenses necessary for continuing operations



*Financials are available for viewing/ due dillgence for serious buyers

*Can arrange for direct viewing at outlet



**Subject to the signing of a Non Disclosure Agreement (NDA) and placement of a $1K non-refundable fee for access to financials.  This fee is refundable only upon signing of franchisee agreement within two months from date of NDA.


For more details, please send a message to arrange for a non-obligation initial discussion.  

=======================================================================================================

Advantages of Purchasing an Existing Franchise

There is a general sense among buyers that acquiring an existing franchise is easier than launching a new franchise outlet. That may or may not be the case, depending on the specifics of the outlet, but it is true that existing franchises offer several advantages that are worth considering: 


  • Franchises offer the independence of small business ownership supported by the benefits of a big business network.


  • You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model.


  • Franchises have a higher rate of success than start-up businesses.


  • You may find it easier to secure finance for a franchise. It may cost less to buy a franchise than start your own business of the same type.


  • Franchises often have an established reputation and image, proven management and work practices, access to advertising and ongoing support.


  • The difficult start-up work has already been done. The business should have plans and procedures in place.


  • Buying an established business means immediate cash flow.


  • The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.


  • You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.


  • A market for your product or service is already established.


  • Existing employees and managers will have experience they can share.

Business Operations
Staff:
Not Disclosed
Property Information
Premise Status:
Rent
Premise Size:
1600sqft
Rental Fee:
SGD17,000
Rental Deposit:
SGD68,000 (included in selling price)
Lease Term:
3 years
Other Information
Seller Financing Available:
Yes

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