Singapore  Singapore

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Listing Id: 32161 Last Refreshed: 24/06/2024 Total Views: 459

Highly Profitable Halal Waffle And Gelato Cafe With Strong Brand And Uptrending Sales

Jurong EastCoffee Shops and Cafes
Asking Price: S$280,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Neighbourhood
  • Premise Size N/A
  • Monthly Rental S$4,000
  • Rental Desposit S$12,000
  • Revenue N/A
  • Liability S$0
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable S$0
  • Receivable N/A
  • Owner Role Full Time
  • Staff 5
  • Established 2022
  • Source Direct Seller

Reason For Sale

Owners looking to focus on their other businesses

Description

1) Well known brand in the west especially among the Muslim crowd. Our waffles are highly raved by numerous repeat customers, many of whom deem it the best in Singapore.

2) We have a total of 60 seats at a secluded HDB premise which is always fully occupied on weekend nights. The business is highly profitable due to its ability to pull customers (both repeat and new) despite being in a secluded location. (This means our rental is lower yet revenue is similar compared to cafes in higher traffic areas).

3) SOP in place with 3 full time staff and a couple of part time staff. Ready to operate immediately after takeover.

4) Our Numbers:

- Over 200+ Google Reviews with a 4.6 Stars Ratings
- Strong IG following with 6.5k followers
- High SEO ranking

5) We're featured on numerous halal and non halal news outlets such as Halal Food Blog, Halal Food Hunt, SethLui

6) Reason we are letting on of this business is both of us are overstretched juggling the cafe together with our other businesses. Interested parties do whatsapp us.

Business Operation

3 Waffle Machines
2 Mayer Ovens
1 Hoshizaki 4 door freezer
1 Asber 4 door Fridge
Facilities
We are in quite a competitive space and one competitor brand has opened an outlet within a close vicinity to us. However sales has been improving which proves that the competition is not a threat to the brand.
Competition
Easily scalable business model. Many other gelato and waffle brands have scaled to multiple outlets across the island and even overseas
Expansion Potential

Property Information

Rent
Premise Status
3+3 (First 3 year lease ending Mar 2025, with option of extending for another 3 years)
Lease Term
Yes, it can relocate to other place
Relocatable
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