Listing Id: 22279
Last Refreshed: 03/06/2021
Total Views: 1328
(Expired)Profitable Entertainment Venue Company With High Growth Potential
Central AreaAmusement ArcadesRecreation CentersProperty Management
Asking Price: S$50,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Property Information
Overview
-
Premise Type
N/A
-
Premise Size
-
Monthly Rental
S$10,000
-
Rental Desposit
N/A
-
Revenue
S$20K - 50K
-
Liability
N/A
-
Gross Profit
N/A
-
Net Profit
S$5K - 10K
-
Stock
N/A
-
FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Full Time
-
Staff
N/A
-
Established
N/A
-
Source
Direct Seller
Reason For Sale
Current lease ending in September 2021. Moving onto other business.
Description
Coffeemin Time Cafe
The first time based concept cafe in Asia. Concept and business innovation has been quoted in textbooks for business schools. Successfully fend off competition and become one of the top venues for consideration for events such as team building, baby showers, gatherings and occasions, hosting over 2000 events since 2014. More details on the company can be found at www.coffeemin.sg and its facebook page www.facebook.com/coffeeminion. Send an email to find out more.
Pre-covid, the company is a high cash flow business with average monthly revenue exceeding SGD 25000 and net profit between SGD 5000 to SGD 10000. The company has no debt or liabilities, and has built up a strong presence via word-of-mouth and walk-in experiences. The business is very simple, and has an average of 14 events booking without any marketing. This has great potential to become a Singapore chain of entertainment venue once the pandemic is over.
Singapore