Listing Id: 30435
Last Refreshed: 26/08/2024
Total Views: 840
(Expired)42 Years History And Branded Chinese Restaurant Ideal For Wedding/Corporate Event And Tourist
Central AreaAsian RestaurantsChinese RestaurantsFood Catering
Asking Price: S$2,100,000(Neg.)
Business For Takeover
Look For Investor
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- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Shopping Mall
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Premise Size
16000 sqft / 1486 sqm
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Monthly Rental
S$40,000
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Rental Desposit
S$120,000
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Revenue
S$250,000
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Liability
N/A
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Gross Profit
S$150,000
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Net Profit
S$30,000
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
17
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Established
1981
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Source
Direct Seller
Reason For Sale
Business Owner Retirement
Description
42 years History , branded Chinese Restaurnat for takeover due to the retirement of Business Owner, The unit is with a size of approx. 16,000 sq.ft. and currently serve many tourist group/ company and family event and othe groups of client , kitchen comes with cold room/chiller room and Duck Toast kitchen , ideal for Local or Overseas purchase for business expansion/ immigration / brand awareness / Investment .
It is centralised location near Orchard Road, with long term good relationship with property owner , asking price at S$2.8Million Negotaible (price not inclusive of Security Deposit ), call or sms /email for NDA and further discussion .
Business Operation
Branded name of 42 years , well established customer's base , large size and stable operation
Facilities
Current business owner did not input time and effort for new technologies of marketing and online booking
Competition
High expansion potential for wedding/tourist/ corporate event and other group dinning experience .
Expansion Potential
Property Information
Three (3 ) years renewable
Lease Term
Yes, it can relocate to other place
Relocatable
Singapore
