Singapore  Singapore

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Listing ID: 24610 Last Refreshed: 14/01/2022 Total Views: 536

(Expired)Well known bistro to let go

Central AreaAsian Restaurants
Asking Price: S$2,200,000
  • Premise Type Commercial Street Premise Size
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Liability N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role N/A Staff N/A
  • Established 2017 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Xinde

Reason For Sale

Taking over family business

Description

5 years old business with 2 outlets to let go. Both outlets are at prime area at Tanjong Pagar road and PLQ at paya lebar. Profitable outlets with strong regular crowd and great relationships with supplier.
Very good trade deals secured long term with suppliers to reduce costs. Yearly revenue of close to 2M in the latest financial year while only operating for dinner. Both outlets under 1 entity, 1 main bank account for ease of management. Very low manpower cost system with only minimal full timers.
Current crew and management can remain for a contracted period of time.
Both outlets are very newly renovated with about 500k worth of renovation works done previously including equipments.
Handing over along with current stocks and systems and contracts with landlords. Best to carry on building the branding. Looking for strong qnd passionate entity or individual to take over the business.
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