Singapore  Singapore

Post Ad
Listing Id: 32138 Last Refreshed: 23/06/2024 Total Views: 366

Popular Chinese Restaurant For Sale! (Rare)

SerangoonAsian RestaurantsChinese Restaurants
Asking Price: S$850,000
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Neighbourhood
  • Premise Size 2000 sqft / 186 sqm
  • Monthly Rental S$13,000
  • Rental Desposit N/A
  • Revenue S$91,000
  • Liability N/A
  • Gross Profit N/A
  • Net Profit S$29,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 15
  • Established 1990
  • Source Direct Seller

Reason For Sale

Owner retirement

Description

Year of Inception: 1990
Annual Revenue: $1.1 million
Annual Earning: $350k
Asking Price: $850k

Fey Day presents a popular Chinese family restaurant with more than 33 years of operating history. The restaurant has a nice and cosy ambience that customers loved!

The business is well run and enjoy frequent patronage from regulars. The business has more than 800 positive reviews across Google, TripAdvisor and Facebook. They appeared on newspaper article and more than 10 food bloggers webpage. They relied mainly on regular customers, word of mouth and to a lesser extent, unpaid write ups from food bloggers. Their sales are seasonal, with Chinese New Year period, May, Children school holiday being the peak.

They have 3 full time and 6 part time kitchen staff, 2 full time and 3 part time servers, 1 cleaner. The staffs are well-trained and the division of labour are well-organized. The 2 co-founders typically assist with the kitchen inventory and cashiering work.

Their annual revenue is approximately $1.1 million with earnings of $350,000. The restaurant resides on a shophouse with a space of 2,000 square feet(excluding alfresco d). They have a good relationship with the landlord, and is currently paying $13,000 for monthly rental. Due to the owners age, they would like to retire and handover the business to a capable hand. There are various opportunities to grow the business, and the owners are willing to support the new acquirer during the transition for the next 3 - 6 months.

Conclusion
This is a well-run restaurant with strong brand equity and very healthy financials. The new owner can expect continued support from existing customers while exploring new avenues for growth.

Interested in this business? Please email mac@feyday.com today!

Business Operation

Shophouse with a space of 2,000 square feet (excluding alfresco d)
Facilities
No direct competitors as the restaurant has a strong brand equity and plenty of returning customers.
Competition
- Explore central kitchen
- Develop digital marketing strategy (The restaurant is not doing any marketing at all. Just relying on word of mouth)
- Open up another outlet
- Explore food catering
Expansion Potential
Yes, seller financing is available.
Seller Financing

Property Information

Yearly renew
Lease Term
Yes, it can relocate to other place
Relocatable
Send Enquiry
Please send enquiry in English
Your Name*
Mobile Number*
Email*
Message
/

Just a moment... we are processing the request