Singapore  Singapore

Post Ad
Listing Id: 31356 Last Refreshed: 28/03/2024 Total Views: 1499

Amazing Concept Cafe For Sale/Takeover/Investment/Partnership In Kampong Glam Good Location

Central AreaCoffee Shops and CafesEvent Management
Asking Price: Under S$50K
Business For Takeover
Look For Investor
Look For Partner
Paulina Wijaya
Email Owner

Overview

  • Premise Type Commercial Street
  • Premise Size 1800 sqft / 167 sqm
  • Monthly Rental S$10,900
  • Rental Desposit S$20,000***
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock S$8,000***
  • FFE S$30,000***
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 8
  • Established 2021
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Not enough funds

Description

Business opened in mid-February, official opening was on the 24th Feb. Featured on Tatler for Top 5 Cafes to visit in Singapore (https://www.tatlerasia.com/dining/food/new-cafes-to-visit-in-singapore), 276 Followers on Instagram (https://www.instagram.com/gardenofsecretsss/), a storefront on Google Maps (https://maps.app.goo.gl/jsqGU9gs3f7kLY8A7).

Cafe is fully functional with equipment ready. Currently 2 full-time employees hired: Cafe Manager and Cafe Manager Assistant. Approximately 6 Part-Timers hired. SOP and menu still fine-tuning. Currently, has a 1-year contract for pest control active beginning March 2024.

Most equipment are on lease with a F&B machinery rental company. Items that are owned are as follows:
Stand Mixer
STAGG Kettle X2
50 French Presses
A large variety of cutlery and wares (including saucers, mugs, cups, bowls, plates)
Inventory of retail items (including: hair dye, cups, mugs, saucers, bowls, plates, tarot cards, manifestation journal)
IKEA shelving
Countertop (affixed to ground)
Ice cream display machine (adapted for pozetti use)
Inventory of alcohol including spirits, wine, and pre-mixed cocktails
Inventory of soft drinks
Plants, and planter boxes
Seating furniture
Tables
Projector
Projector Screen
Tiles for countertop
Rugs
Ice Boxes
Surface Pro (POS)
Receipt Printers
Gachapon Machine
Lighting
Dehydrator

Estimated value of money paid for owned goods: $38.6K
Rental paid: $27.2K
Deposit for rent: $20K
Deposit for equipment rental: $2.1K
Total investment by current founder: $85.3K

Expect to pay the following:
Monthly rental: $10,000 +GST
Equipment rental: $800 +++
Overhead: $10,000

Reason for selling the business: unable to carry financial strain as the company is currently making losses. Main issue with the business plan was the marketing section, and a lack of manpower to cover all bases. Other main issue would be lack of finances, and ability to finance.

Business Operation

As mentioned in description
Facilities
Fierce competition in the area as there are many cafes, bars, and gelateria nearby.
Competition
Could become a franchise eventually.
Expansion Potential
Related recipes are provided in the recipe booklet. early SOP framework can be handed over.
Support and Training

Property Information

2 years until January 2026
Lease Term
2 units co-joined shophouse with a nice balcony, on the 2nd floor nearby an assortment of parking spots.
Premises Details
Send Enquiry
Please send enquiry in English
Your Name*
Mobile Number*
Email*
Message
/

Just a moment... we are processing the request