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Listing ID: 13517
Total Viewed: 5827
Last Refreshed: 04/03/2019

Chinese Restaurants Business For Sale (Sold)

Central Area, Singapore

Asking Price : S$200K-500K

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: Not Disclosed

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

Reason To Sell
Seller Has No Time To Manage The Business
Business Description

๐Ÿ’ฝ 2 outlets


๐Ÿ’ฝ Business Outlets

โ‡๏ธ Orchard area:

๐Ÿ‘‰๐Ÿผ 2015

 ๐Ÿ‘‰๐Ÿผ Approx. $400K renovation inclusive of equipment

๐Ÿ‘‰๐Ÿผ Monthly rental - $40K ๐Ÿ‘‰๐Ÿผ 2200sf

โ‡๏ธ  Petir Road / Bt Panjang area 

๐Ÿ‘‰๐Ÿผ 2017

๐Ÿ‘‰๐Ÿผ Approx. $400K renovation inclusive of equipment

๐Ÿ‘‰๐Ÿผ Monthly rental - $38K

๐Ÿ‘‰๐Ÿผ Approx. 2600sf


๐Ÿ’ฝ Estimated yearly gross profit

- net lost $20K - $30K (past 1 year)


๐Ÿ’ฝ Estimated monthly

gross revenue - $100K per month per outlet

 

๐Ÿ’ฝ Estimated yearly - $1.2M per outlet


๐Ÿ’ฝ Monthly total cost slightly above $100K per outlet 


๐Ÿ’ฝ Any director fee

๐Ÿ‘‰๐Ÿผ $10K


๐Ÿ’ฝ How many directors in the company ?

๐Ÿ‘‰๐Ÿผ 2 


๐Ÿ’ฝ Directorโ€™s involvement in the business 

๐Ÿ‘‰๐Ÿผ minimum


๐Ÿ’ฝ Staff :

๐Ÿ‘‰๐Ÿผ local - 25 - 30

๐Ÿ‘‰๐Ÿผ foreigner - 10 - 15


๐Ÿ’ฝ Reason for selling 

๐Ÿ‘‰๐Ÿผ Lack of time to manage the restaurants  due to other commitments 


๐Ÿ’ฝ Open for joint venture with new investor ?

- No


๐Ÿ’ฝ Selling price  - View to offer 


Thank you & blessings 




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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