Singapore  Singapore

Sell a Business

Listing ID: 332 Last Refreshed: 07/05/2019 Total Views: 14049

Popular Bar along Mohammed Sultan Road for immediate takeover.

Central Area

Asking Price: S$100K - 200K
Popular Bar along Mohammed Sultan Road for immediate takeover.
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$17,350 Rental Desposit N/A
  • Revenue S$50K - 100K Cash Flow S$20K - 50K
  • Gross Profit S$20K - 50K Net Profit S$20K - 50K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2013
  • Owner Role Full Time Staff 8
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
calaeo
Email Owner

Reason For Sale

Withdrawal of a shareholder

Description

Popular Bar along Mohammed Sultan
Road for immediate takeover.



About the location:



Strategically located along Mohammed
Sultan Road, an upmarket entertainment district. High
human traffic. Proximity to residential area, shopping malls, offices, hotels. Famous
landmarks includes Singapore river, Clarke Quay. Walking distance to MRT stations, ample parking space.



About the Business:



A vibrant bar with a unique concept. Was featured in the
media. New renovation done in May 2013. Furnishing and fittings are all bought
brand new in May. Good pool of regular customers. High turnover with accounts
kept properly. The last unit allowed by the authority for bar business.
Business is still in operation.



Floor space: 2400 sq feet



Monthly rental: $17350 (Lease till
2015 with option to extend) 



Liquor Licence till 3am daily



Public Entertainment Licence
(category 2) till 3am daily



Fully equipped kitchen



Fully built bar



5 x 50" LED TVs



Full sound system



Reason for selling: Withdrawal of
a shareholder



Only for serious prospects who have managed or are
interested to continue a profitable business. Take over fee negotiable for sincere prospects.

Property Information

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