Singapore  Singapore

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Listing Id: 29873 Last Refreshed: 23/10/2023 Total Views: 361

(Expired)Cantonese Restaurant @ Simpang Bedok

BedokChinese Restaurants
Asking Price: S$518,000
Business For Takeover
Look For Investor
Look For Partner
Zack Lock

Overview

  • Premise Type Shopping Mall
  • Premise Size N/A
  • Monthly Rental S$11,900
  • Rental Desposit S$23,800***
  • Revenue S$60,000
  • Liability N/A
  • Gross Profit N/A
  • Net Profit S$12,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Seeking to create more time for pursuing other business ventures, especially as their wife is expecting a child, and they wish to dedicate more time to family care.

Description

The offer: Buying our business
518k for the business inclusive of:
· All kitchen equipment, fixtures, all existing products and items in the shop.
· All supplier contacts as well as sources for existing supplies
· All the recipes, cooking methods and marination for our:
o Cantonese dishes
o Putian cuisine main staples and side dishes
· Our delivery accounts for both our main delivery brand as well as our sub-delivery brand for Foodpanda, Deliveroo and Grabfood with over combined 4000 reviews as well as daily $1000-$1500 of combined sales.
· Option to keep keyholder in the business to help to either smoothen the transition, or to manage the business for you.
· Any other requirement in order for the smooth running of the business is negotiable.

Generic information about the business:
Our restaurant boasts a remarkable seven-year legacy, highlighting our unwavering dedication to the local community and our ability to establish a strong foothold in the market. We take pride in being a family-friendly Cantonese restaurant that offers a diverse menu featuring classic tze-char staples and inventive dishes inspired by Mainland China, particularly Sichuan and Putian cuisine.

Key Focus:
Our primary focus is on providing exceptional dining experiences for our in-house customers who visit our restaurant or opt for convenient takeaway services. We cater predominantly to the vibrant communities of Tanah Merah and Bedok, and our strategic location within a bustling mall, anchored by a popular supermarket, has made us a prominent dining destination.

Food Delivery Services:
In addition to our in-house services, we have successfully expanded our reach by offering food delivery options through platforms like GrabFood, FoodPanda, and Deliveroo. Notably, our food delivery services have garnered acclaim in the region and include islandwide delivery coverage across Singapore through GrabFood and FoodPanda. We have accumulated a substantial number of reviews, exceeding 4,000, on our food delivery platforms. This diversification allows us to maintain a stable daily sales balance, with a 50% share from delivery orders and a 50% share from in-house dining. This balanced approach makes us more resilient to potential competition in our area or mall.

Financial Transparency:
We prioritize financial transparency and maintain detailed monthly Profit and Loss statements, which provide a comprehensive overview of our financial performance. Additionally, we possess a comprehensive collection of invoices from the three major food delivery platforms in Singapore, further substantiating our financial data. These documents are readily available for potential investors or buyers who are keen to gain deeper insights into our restaurant's financial health and potential.

In summary,
our restaurant has a proven track record of success, a diverse menu to cater to a wide range of tastes, and a robust business model that combines in-house and food delivery services for stability and resilience.

The reason for selling
The owner is seeking to create more time for pursuing other business ventures, especially as their wife is expecting a child, and they wish to dedicate more time to family care.

Contact details:
Please contact me via Whatsapp to discuss further

Property Information

Rent
Premise Status
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