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Listing Id: 32657 Last Refreshed: 26/08/2024 970 Views

Profitable Japanese Izakaya For Sale With Business Operations

Expired
Asking Price S$250,000(Neg.)
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
S$100,000
Gross Profit
Not Provided
Net Profit
S$10,000
Monthly Rentalt
S$28,000

Business Operations & Assets

Staff
8 Employee
Year of Incorporation
2014
Owner Role
Full Time
Premise Status
Rent
Premise Type
Office Building
Premise Size
2000 sqft / 186 sqm
Rental Deposit
S$89,000
Premises Details
2000 sq ft with an additional 1000 sq ft ORA

Business Details

Reason For Sale

Moving away from Singapore

Description

We are a Japanese izakaya that has operated for over 7 years and served the general office populace at Buona Vista. The lunch crowd is extremely bustling and our dinner crowd is often packed with office workers having a cold one before heading home. Rather than reinvent the wheel, why not hit the floor running with a timeless aesthetic and start getting back your ROI immediately. Lease tenure with about 1.5 years left but signing a fresh lease is definitely possible.

Facilities

Fully fit out japanese kitchen with hybrid yakitori grill, chillers and freezers . Fully fit out bar and seating area for 100 seats.

Competition

Cuisine wise, we are the only legitimate japanese izakaya in the Biopolis area so lunch business is assured. However, in the last 2 years, we have 2 bars popping up that has been taking away customers by providing price advantages. We have since responded in kind and has won back said customers but have yet to see if there will be further price war.

Expansion Potential

With 7 years in operation, there is general wear and tear but simple to solve with upholstery of booth seats, repainting and changing of chairs. Some simple change in the general aesthetic should inject some freshness to the decor which should in turn bring in more customers and retain regulars to check out the place. Company wise, we do have projects involving established japanese brands to come in for extended pop ups, that should lend curiosity and marketing content to the space.

Buyer Support & Terms

Support and Training

We can stay on to assist and train for as long as buyer needs us to moderate morale.
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