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Listing Id: 358 Last Refreshed: 26/05/2019 11975 Views

No Manpower Issues! Rare Opportunity! 24-Hr Indian Muslim Eating House Near Mrt, Opp Mosque For Takeover - Owner Migrating - Profit From Day 1 (Thai Restaurant Sold!)

Closed
Asking Price <span class='currency'>S$</span>220,000
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$80,000
Gross Profit
S$50K - 100K
Net Profit
S$12,000
Monthly Rentalt
S$14,000

Business Operations & Assets

Staff
8 Employee
Year of Incorporation
2010
Owner Role
Investor
Premise Status
Rent
Rental Deposit
S$28,000 Price Included
Premises Details
Corner coffee shop, right opposite Masjid Kasim at Changi Road

Business Details

Reason For Sale

Owner Migrating, must sell ASAP

Description

1. Indian Muslim 24-Hr Eating House at Kembangan ((ASKING PRICE REDUCED!!)
- Last Yr Revenue: $824,000 (This year on track to reach $850K)
- Monthly NETT Profits: Approx $10K-$15K  
- New POS System being installed
- Very Popular on Facebook
- No Manpower Issues!
- Both shifts Managed by experienced Managers
- 4 Stalls (All Occupied) + Drinks Stall
- Lease till Jan 2015
- Asking Price: $220,000
Opportunity of a Lifetime!

- NOTE: I Took Over This Business in July 2013, so cannot show any books yet. Reason to sell is that I am migrating overseas, hence have to sell the business. This is a great opportunity to run your own profit making business with minimal intervention from your side. 

What You Get:

- All Fully Equipped Stalls with Utilities Connections
- One Vacant Room on Level 2 (Can use as Store or Let 1-2 Staff Live there and pay rent)
- All Staff (15+)
- Running Business
- All Physical Assets (Equipments)
- CCTV with 5 Cameras
- Facebook Page Administration (About 900 Fans)
- New POS System with iPads for Order Taking (To be Supplied by Merchant)
- Printer/Fax (To be Supplied by Merchant)
- Great POTENTIAL!!
- Enormous Goodwill!!
- $28,000 Rental Deposit is YOURS if you decide to move to a cheaper location after Jan 2015!!


2. 13-yr Old well known Thai Restaurant with Regular Clientele at Orchard Towers ((SOLD!))
- Last Year Revenue: $500,000
- Chef from Thailand (S-Pass Valid till September 2014)
- Excellent Staff, so no need to worry about management. Managed by Singaporeans
- Monthly NETT profit: $8-$9K (After paying off everything)
- Very active on Social Media with 1100+ Facebook fans in Singapore
- Trademark Registered, so good opportunity to Franchise
- Asking Price: $280,000

Important Disclaimer

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