Singapore  Singapore

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Listing Id: 29679 Total Views: 1277

(Sold) Gelato Shop For Take Over

Novena

Date Closed: 05/01/2024

Asking Price: Under S$50K

Overview

  • Premise Type Neighbourhood
  • Premise Size 300 sqft / 28 sqm
  • Monthly Rental S$2,600
  • 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 Full Time
  • Staff N/A
  • Established N/A
  • Source Direct Seller

Reason For Sale

Family commitment

Description

Gelato shop, located in Owen Road is available for a takeover with asking fee lower than the initial setup fee of $150k. Current contract ends at Dec 2024 (can renew with the landlord.) Benefit of having a gelato cafe in this area is there are barely any gelato shop available in this area and have established many loyal customers. Due to personal reasons, owner have to let go of the shop. Company and brand not part of the take over.

*** Taking over whole unit with equipment (Contact to find out more) ****
*** Taking over unit only at $25k (negotiable)****

Main Feature:

Fully renovated and equipped kitchen with unit previously meant for retail but have obtained HDB approval for change of use to F&B dine-in, unit also equipped with necessary fire safety equipment based on SCDF regulations with approval and sensor flush in the toilet as per SFA requirement. The outside yellow box can have additional foldable tables and chairs for extra seating space or other approved usage.

Located near:
- Pek Kio Hawker Centre
- Kim San Leng Coffee Shop (Owen Road)
- Farrer Park Mrt Station
- Novena

Unit can be use for:
- F&B Take away / Dine-in
- Retail
- Pastery/Bakery Shop
- Dental Clinic

Current rental at only $2600 with no GST!

It is very ideal for new entrepreneur who wish to start their first business or current business owner who wish to expend their outlet as this taking over can greatly reduce the spending on renovation (as GST will be increasing soon), paying high rental, cutting down the waiting time on obtaining the required authority approval. There is opportunity for the business to grow as the location is near 3 hospitals; Farrer Park Hospital, KK Hospital and Tan Tock Seng Hospital and offices around novena area. For residential wise, it is surrounded by HDBs (There will be afew upcoming BTOs soon), Condos and Bungalows which give a wider range of people and needs.

We also have no debt and have never made any losses till date.

Property Information

Rent
Premise Status

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