Listing Id: 24910
Last Refreshed: 08/03/2022
Total Views: 757
(Expired)Koreaen Restaurant On The Main Street In The East Coast Road
Marine ParadeAsian RestaurantsKorea Restaurants
Asking Price: S$120,000
Business For Takeover
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- 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
S$8,300
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Rental Desposit
S$16,600***
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Revenue
S$20K - 50K
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Liability
N/A
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Gross Profit
S$20K - 50K
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Net Profit
S$5K - 10K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
N/A
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Established
N/A
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Source
Direct Seller
Reason For Sale
Change of Business
Description
Well established unique Korean Restaurant facing main street and
located near the V KATONG mall as well as just beside bus stop(2 story building).
We have operated 18 months, and have option to renew.
Currently 1 intern(WP), 1 Manager(LOC), 1 Server(LOC) and 2 part timers, and operating only for dinner hours(not for lunch)
I'm looking to let go my F&B empire to someone who is willing to bring the business to a whole new level or can extend more variety.
Current manpower will also be handed over, so operation wise, it can carry on without struggle.
Revenue for the business is averagely monthly $35,000, with rooms for growth(Currently, lunch no operation, only dinner)
This takeover is suitable for newcomers to F&B, and also seasoned F&B operator who wishes to expand their lines of offering.
All the receipe will be given If necessary.
I am looking at the take over price is $120,000 which included $16,600 rental deposit, so it is around $100,000 in the end.
Contact 8322-6355 for more information
Singapore