Singapore  Singapore

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Listing Id: 27473 Last Refreshed: 20/02/2023 Total Views: 846

(Expired)[Looking For Investor] Open-Flame Restaurant In Central Singapore

Central AreaWestern Restaurants
Asking Price: S$160,000
Business For Takeover
Look For Investor
Look For Partner
Xavier K

Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Investor
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Looking for Investors

Description

Hi all,

This is WH and I am looking for sincere investors to join venture for a new F&B concept in central Singapore. It is an open-flame restaurant, spotlighting a traditional method of fire cooking. We target PMETs between 25-50 years old with moderate to higher purchasing power, and who enjoy good food, good drinks with their colleagues, friends and loved ones. We will also target expats and tourists in Singapore.

Please note that this is a new venture.

At the present stage, we are gathering funds for the business and would like to welcome sincere investors onboard to fund this at the inital stage. Your role is a sleeping partner, whereby you receive shares in the company for your cash injection.

The Offer: 50% shareholding for a cash injection of S$160,000.

The remaining shareholding will be split among me and my partners, one of whom will also serve as FT restaurant manager, and our respective, as part of a way to incentivise them to stay and give them a stake in the business, which kicks in after 12 months. For your role, you do not have to worry about the day-in-day-out of the business because this can be a side income for you.
You will also be given the utmost priority when it comes to ROI as a pivotal shareholder, and you will receive your dividends first until you recoup the initial capital.

The expected ROI is between 15% within a period of 24-26 months.

Critiera in investors that we are looking for:
- Have a keen interest in F&B
- Have a good appreciation of good food and drinks
- Willing to enter a relationship whereby you come up with the inital funds and your other partners do the main operation and running of the premise
- Willing to set aside time on a monthly/bi-monthly basis (dependent on your schedule) to review and regroup (this is a time-to-time meeting to discuss and review the stages of the business)

Why $180K?
Cash goes into the company's float (i.e. running cost) and the startup costs neededAcquire premise (on a tenancy basis) including paying for all relevant sums e.g. depositsIncludes all regulations and licensing involved

Our Value:
- Unique dining experience based on the way the food is prepared, cooked and served
- "Back to the basics" where food is prepared in the most traditional way using only fire and no electricity/gas (that's right!)
- Team of experienced F&B personnel to manageTargets the middle income onwards, tourists and expats

If you are keen, please contact us and we will be happy to share more with you. (FYI: We are offering S$160,000 for 50% of the shares. We will not be accepting any partial amount for a pro-rated percentage of shares. We apologise for the inconvenience caused.)
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