Listing Id: 26954
Last Refreshed: 08/12/2022
Total Views: 920
(Expired)[Investor Needed] Lgbt-Friendly Bar/Pub
Central AreaKTVsNightclubsPUBs
Asking Price: S$65,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
Commercial Street
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Premise Size
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Stock
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Receivable
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Owner Role
Investor
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Source
Direct Seller
Reason For Sale
Looking for Investor
Description
We are looking for quality and sincere investors who are looking at the pink dollar. We have raised approximately 40-45% of the funds necessary to kickstart our concept, and are reaching out to pool the balance funds (S$65,000).
Our Experience
- We already have piloted our concept through self-organised events, hopping spaces to test the crowd, gather feedback and smoothen our operations.
- These events have gained traction under the brand that we created, which we will be using for the bar.
- Our team is made up of several individuals from the LGBT community, F&B owners and like-minded entrepreneurs.
Unique Selling Points
- Unique bar-cum-club experience for all guests, giving an opportunity for the queer community to come together, interact and unwind over drinks
- Lean operation with minimal manpower required
- High profit margin through sale of alcoholic beverages (COGS < 28%)
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As a silent investor, you do not have to worry about the day-to-day operations. The current structure is as such:
• 1x Company Director (Me) - holding shares, secured investment sum
• 1x Operations Manager - holding shares, secured investment sum
• 1x Marketing Manager - holding shares, secured investment sum
• 2x Minor Shareholders from LGBT community - holding shares, secured investment sum (Purpose: to leverage on their network and reach the right crowd).
• 1x Silent Shareholder - contributing a larger sum of funds but sleeping partner in the business
*Secured investment sum means that we have committed to contribute a sum of monies for the business
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We are looking for the right partners to come onboard, and here are some of the criteria we are looking for:
- Deep interest in F&B
- Ideally from the LGBT community but not a must
- Willing to be a silent investor
- Open to ideas yet realistic and grounded
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We are looking to raise approximately $65K for 42% of the company's shares. We are also projecting a potential ROI of 12-18% over the course of 24 months.
The funds will be proportionately divided into the following categories (not exhaustive):
- Setting up of the space
- Equipment
- Deposits
- Marketing & PR
- Running cost / Bank Balance
If you are a sincere investor, please feel free to contact us and we are happy to share more with you.