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Listing Id: 23770 Last Refreshed: 12/09/2021 1542 Views

INVESTORS NEEDED - Looking to start a cafe? We have a Dessert Bar Concept.

Expired
Asking Price <span class='currency'>S$</span>85,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Owner Role
Full Time
Premise Status
Rent

Business Details

Reason For Sale

Investor Needed

Description

Hi. 


I am currently sourcing for investors to join venture to start a new cafe, which is a dessert bar that sells pastries, ice cream, parfaits and light alcohol.

I do have the relevant F&B experience and have the strong confidence in our concept, bringing it from ideation to realisation.

This company hasn’t been incorporated but I hope to have an investor onboard as a sleeping partner to help fund the venture.

I would like to offer 49% shares of the soon-to-set-up company at $85,000. Therefore, you will be investing a total of $85,000 for 49% shareholding and the remaining 51% will be owned by me, the other founder, who will manage the business on a daily basis. So you do not need to worry about the business, and you can let this be a side income for you. 


Looking for sincere investors only.


USPs:

  1. Dessert bar concept is novelty and unique

  2. Targets the upmarket, PMETs between 25-50 years

  3. 500sqft premise (yet to be secured; shortlisted several locations but they will not be revealed until things between us are more firmed up)

  4. Juicy launch for the press to write about


Criteria for investing:

  1. Have a deep interest in F&B

  2. Have a good appreciation of fine desserts and its art

  3. Frequented dessert concept shops in Millenia Walk, Lady M, Patisserie G etc.

  4. Willing to enter a relationship whereby you come up with the funds, and your other partner do the rest of the work 

  5. Open to ideas, yet realistic and grounded


ROI:

Expected 32 - 36% ROI within the next 2 years, having taken into account of COVID-19 as an endemic 


Why $85K specifically?

  1. Some of this upfront cash goes into the company's savings for rainy days - this is my philosophy in running a business because it affects cashflow. 

  2. The startup cost is less than $85K, but I'm asking for $85K because we need cashflow for a start e.g. to pay off rental deposit

  3. Includes all regulations and licenses, including alcohol, branding and marketing costs, interior design and renovation work, equipment purchase


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