Listing Id: 28637
Last Refreshed: 20/06/2023
Total Views: 1465
(Expired)Investor Needed: CBD Yong Tau Foo Business
Central AreaCoffee Shops and Cafes
Asking Price: S$68,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Commercial Street
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Investor
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Staff
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Established
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Source
Direct Seller
Reason For Sale
Looking for Investor
Description
We are currently looking for quality and sincere investors who are interested to capitalise on the CBD crowd. We are presently raising funds to kickstart our Yong Tau Foo concept, and are pooling the balance funds of SG68,000.
The Product
1. From the comforting soup to dry versions of the traditional Hakka yong tau foo, we are a modernised and fun brand that caters to the CBD lunch crowd.
2. Our homemade fish pastes and innovative sauces add a unique touch to our concept. We serve a variety of soup bases including herbal and laksa.
3. Customers can also choose to complement their meal with a low-in-sugar fruit tea beverages that we serve alongside our mains.
Our team is made up of a chef with prior experience in creating YTF and like-minded entrepreneurs with F&B experience. As a silent investor, you do not have to worry about the daily operations and manpower issues, or even accounting, we will be the ones on the ground running the day-to-day with 2 full-timer staff.
Structure of the Company:
- 1x Company Director - holding shares, secured investment sum
- 1x Operations Manager - holding shares, secured investment sum
- 1x Chef - holding shares, full-time employment with the business
- 1x Silent Shareholder - contributing a larger sum of funds but sleeping partner in the business
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We are looking to raise SGD68,000 for 40% of the company's shares. We are also projecting a ROI of 15-20% of the course of 18-20 months.
- Projected Net Revenue: $35,000
- COGS: 25% of projected net revenue
- Rental & Utility: 18% of projected net revenue
- Manpower: 28% of projected net revenue
- Marketing: 4% of projected net revenue
- Misc. Expenses: 6% of projected net revenue
Projected Profit Per Month Before Taxes: $6,650.00
You will be ranked first in priority in terms of shareholders' dividends, and the company's dividends will be allocated to you, the silent shareholder, until you break-even before the other shareholders will enjoy their dividends.
The funds will be proportionally divided into the following categories (not exhaustive):
- Setting up of the space
- Equipment
- Deposits
- Marketing
- Running cost
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We are looking for the right partners to come onboard.
- Deep interest in F&B
- Willing to be a silent partner
- Open to ideas yet realistic and grounded