Listing Id: 37477
Last Refreshed: 19/06/2025
Total Views: 772
(On Hold)Looking For Suitable Partner To Expand Franchise Model In Guangxi Beibu Gulf Special Economic Zone
Tanjong PagarKorea Restaurants
Asking Price: S$50,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Office Building
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Premise Size
1100 sqft / 102 sqm
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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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
3
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Established
2023
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Source
Direct Seller
Reason For Sale
Looking for Suitable Partner to Expand Franchise Model
Description
Hi, I run a Korean Restaurant in CBD and my Company has gotten the Market Readiness Assistance Grant (MRA) from Enterprise Singapore. This grant is to encourage SME owners to branch out of Singapore to do businesses.
I am looking for suitable partners to study together and expand China's success franchise model chain of restaurants and to open F&B outlets in Guangxi.
Why Guangxi Beibu Gulf:
1. It's the last coastal City area in China to be developed and strategically connected via Land, Sea & Air to ASEAN countries.
2. It's China pilot free trade zone in 2019 and has favorable policies for foreign chinese to open businesses there.
3. It's an important part of China's "Belt & Road" strategy & Singapore plays a pivotal role in building the 21st Century Maritime Silk Road.
Article: https://www.chinadaily.com.cn/business/2016-12/22/content_27742136.htm
4. It's a growing economy, currently Tier 2 City aiming to be Tier 1 by 2035. (Currently 8.9 million population, targeting for 15 million population)
Singapore is getting tougher and tougher to do businesses especially for SMEs. So I am looking to grow out in a growing City that is highly influenced by Singapore. The suitable partner I am looking for should also be able to travel frequently. (Direct flight from S'pore to Guangxi 4hrs)
Interested party, pls WhatsApp and meet me at my Korean Restaurant for more discussion.