SingaporeOverview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Approximately 2,400sqft high floor event space which can also be used as office space for Takeover.
Located next to Tanjong Pagar MRT Station.
Nicely renovated & well-maintained with fully-equipped event space equipment. Minimum labour required to operate this event space business.
Spent $280K on renovation, furniture and equipment. Current lease with landlord is around $12k.
Office space consist of 1 multifunctional hall which can hold a 60-80 pax event, 1 meeting room for 12-16 pax, 1 VIP/wine room for 6 pax and 1 back office for 3 pax.
Revenue from event space rental was around $38k before pandemic.
Letting go this business due to owner has other e-commerce business and need a bigger space.
Takeover fee: Negotiable
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