Listing ID: 13600 Last Refreshed: 07/05/2019 Total Views: 13456
Italian restaurant and bar in trendy and high traffic Hongkong St precinct of the Singapore CBD.
Small scale profitable operation with significant potential to provide cafe, restaurant and bar offerings throughout the week.
Fit-out and investment in equipment of $150,000+ in early 2017.
Owners are focussed on other businesses and can't dedicate required time to maximise profitability.
Takeover fee $50,000
Unit size ~450sq ft
Monthly sales ~$30,000 with significant upside from morning openings (current trading limited to Monday to Friday, midday to night)
Rental ~$6,500 / month
Utilities ~$1,250 / month
~2 years remaining on existing lease (with option to extend an tenants choice)