Listing ID: 370 Last Refreshed: 26/05/2019 Total Views: 13098
Company’s business comprises of two highly profitable industrial canteens.
Both locations leased from government agencies on perpetual rolling leases
We are into our seventh year of operations of one premise and fifth of the other
One is about 3000sqft and the other is about 4500sqft including Outdoor Refreshment Area (ORA)
Both places cheap rental at only S$3,000++ each
Company business turnover for 2014 was approximately S$2.1million and from the operations of both drinks stall only, and S$2.3 million when rental income from food stall tenants are included. Revenue forecast in 2015 is expected to improve to S$2.2million for drinks stall and S$2.4million respeectively.
Very high gross profit margins for sale of drinks and beverages. Typically more than 100-500%
Additional rental income of S$200,000 per annum from food stalls from both locations
Both outlets classified as GOLD OUTLETS by Coca Cola Beverages Pte Ltd.
Contracts with major listed liquor supplier Asia Pacific Breweries with high CASH rebates of five figures. Fantastic Beer Crowd. See for yourself!
Has obtained approval for sponsorship from suppliers for future expansion of business
Debt FREE and NO liabilities, except for 30 day rolling credits from suppliers
Daily total sales figure of S$5,500 ~S$6,000 for both drinks stall combined, VERY PROFITABLE (sales receipts provided)
Ample and plentiful parking at both locations
Future MRT station coming up within 500 metres of one canteen. Ready in early 2017.
Very good mixture of regular customers, local & foreigners & westerners
Good reliable Point-of-Sale (POS) system, CCTV installed, inventory system
Good relationship established with stable and consistent suppliers
Easy to manage the business, providing a consistent stream of passive income
REASON FOR SELLING:
Running many other overseas businesses + too busy to manage + frequent travels out of Singapore.
Asking price of S$1.88 MILLION which includes taking over the entire business with full assets and inventory. Price is negotiable but will not go down too much as it is a FULLY PROFITABLE and healthy CASH business with endless flow of customers daily. *ALMOST SOLD*
<<ASSET SALE ONLY>>. Value consideration of assignment of lease (S$1Million), Fixed Assets (S$480,000), Goodwill (S$400,000). Market fact: No other profitable coffeeshops/ canteens have an assignment fee of less than S$1million in Singapore.
OFFERS FROM SERIOUS BUYERS ONLY. LOW BALLERS STAY AWAY!!!
TERMS & CONDITION OF SALE:
A) Sale INCLUDES all physical assets and fixtures at the canteen premises, takeover of 100% shares of ACRA registered private limited company, company’s goodwill, corporate branding, corporate logos, all employees and all current tenant rental contracts
B) Sale EXCLUDES company’s cash and cash equivalents (eg: all cash security deposits, utilities deposits, rolling inventory & stocks)
ONCE IN A LIFETIME RARE OPPORTUNITY for Local or Foreigners who wants to inherit a VERY PROFITABLE family business.
C) 30% deposit upon confirmation and signing of LOI and S&P. 70% balance payable upon transfer of all shares of the company to the incoming investor. All payments should be made by way of cashier's order or direct TT.
D) All relevant government licenses, complete supplier list, tenancy agreements and other confidential information will only be passed on to the investor when the transaction is complete.
Email me at borisat(at)gmail.com for more information. A face to face meet-up will be scheduled with the investor with full details provided during the session.
***UPDATE AS OF March'2015
1) Owner is willing to consider an PHYSICAL ASSET SWOP for the business so that the buyer does not need to come up with so much cash. However, the owner is specifically interested only in FREEHOLD properties in Singapore (residential, commercial or industrial), preferably one that comes with a tenancy.
2) Owner financing of up to 10% of purchase price is possible and up for negotiations.