Listing Id: 24610
Last Refreshed: 14/01/2022
Total Views: 560
(Expired)Well known bistro to let go
Central AreaAsian Restaurants
Asking Price: S$2,200,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
Commercial Street
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Premise Size
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Monthly Rental
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Established
2017
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Source
Direct Seller
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.
Singapore