Listing ID: 21327 Last Refreshed: 18/01/2021 Total Views: 3076
2018 revenue: $220k SGD
2019 revenue: $1.1mm SGD
2020 revenue: $2.6mm SGD
2021 revenue estimate: $3.0mm +
Three-unit restaurant operation specializing in home-deliveries with locations strategically placed to cover a diverse and island-wide customer base. We operate our own team of delivery drivers in addition to 3rd parties Grab, Deliveroo, and Foodpanda, allowing for multiple streams of revenue across each location. There is opportunity for new owner to leverage our product portfolio to build new brands and virtual kitchens with relatively little investment.
The business is NOT halal. The business does have a variety of gluten-free and vegetarian options to satisfy an additional segment of the market. This can also be leveraged by new management to build out virtual kitchens for placement on 3rd party apps, allowing for more streams of revenue.
We have extremely high loyalty and repeat customers and a very low customer acquisition cost. We have a very low-cost but very affective marketing program and social media presence. We have been featured in a variety of media including CNA, ExpatLiving, SethLiu, and others. Our public reviews on Facebook and Google are extremely positive.
Reason for sale: We have built a very robust and strong business over the last several years, however the owners are looking to step back from operations and take time off to start a family. Owners are willing to consult with the business for 6-12 months in order to facilitate a smooth transition to new management.
The business is offered at roughly 4x earnings due to the portfolio's growth rate, the life-time-value of its customers, its valuable good-will in the community and strong brand recognition, and the robustness of its offerings during a time when delivery business are very popular. The business utilizes as much technology as possible across the service chain in order to make training new staff easy and quick and to provide a high quality product to customers.
Owners are not willing to provide any type of financing. Buyer must arrange their own financing. Interested parties must be qualified with proof of bank statements for cash on hand and willing to sign a non-disclosure agreement.