SingaporeOverview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Established Western Cafe biz for sale
π½ 4 outlets :
1)
π Kampong Bahru Road
π Lease till nov 2019, option to renew another 2 years
2)
π Prinsep Street
π Lease until June 2021
3)
π Near Raffles MRT station
π Lease to be renewed.
4)
π The Concourse Skyline
#01-04/05
π Lease until Novβ2020
π½ Nett assets as of 2017 - $1,050,000
π½ Yearly Revenue - $3,900,000
π½ Nett profit before tax - $380,000 annually
π½ Directors salary $260,000 annually
π½ Audited nett assets
$484,786
π½ Sale price non negotiable
ππΌ $1.8M for whole group (sellers fully exit)
ππΌ $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company.
π½ Sellerβs have offers to open in SGH and Changi Jewel.
-substantial funding needed
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