Singapore  Singapore

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Listing Id: 33145 Last Refreshed: 15/10/2024 Total Views: 363

(Expired)Profitable Business For Sale

SerangoonAsian Restaurants
Asking Price: S$500K - 1M
Business For Takeover
Look For Investor
Look For Partner
Rajendran Raja

Overview

  • Premise Type Commercial Street
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue S$200K - 500K
  • Liability N/A
  • Gross Profit S$20K - 50K
  • Net Profit S$20K - 50K
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 16
  • Established 2013
  • Source Direct Seller

Reason For Sale

Moving to Hometown

Description

Dear All,
I would like to sell my profitable business and looking forward to moving out of Singapore after 30 years. This is great journey in Singapore.
Its economy Indian restaurants of profit of 30k to 45k profit per month.
Selling with ACRA Company and Licenses (SFA (2) and Liquor licenses (2) ) with 2 Outlets and both in Little India.
3 PRs, 1 EP, 2 S-Passes, 2 NTSs Permit, 4 Work Permits and 4 Student Passes - in total 16 Resources all are working with us for more than 3/4 years.
Turn over 200 to 220k / Month and profit margin of 20 to 25% to around 40 to 45k per month.
Both Shop rental @ $ 12,300 and 14000 $ (And deposit of 24,600 + 28,000 with the landlord)
Additional income of rental on the 2nd floor of $5000 and you can stretch to $8000 moving forward.
Planning to close after Deepavali festival.
Please call me. Dont send enquire and Whatapp me for quick discussion.


Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable
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