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Listing ID: 12986
Total Viewed: 8085
Last Refreshed: 23/02/2018

A Unique F&B Restaurant With Loyal And Growing Following

Central Area, Singapore

Asking Price : SGD500,000

Revenue: SGD1,143,000

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2012

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: SGD208,000

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 10

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Owners focusing on other businesses
Business Description

(Important Note: For the purpose of discretion, photos used are not of the actual restaurant. Any resemblance of the photos to any other restaurant is coincidental.)

Restored to recapture the essence of colonial luxury, it is an ideal venue for a wide spectrum of events. The air-conditioned dinning hall with natural lighting is complimented by a picturesque al fresco area and ample parking surrounding the venue.

Just 10 minutes walk from the MRT station and only 15 minutes from the CBD, this unique venue is exclusive yet accessible. Surrounded by greenery and housed in a traditional black & white bungalow, it makes for an exquisite destination.

From intimate dinner for two or family celebrations, to small team dinners or elaborate corporate functions, this venue offers flexibility and choice to the discerning who want to venture off the beaten track and find a hidden gem in the heart of Singapore. 

Why you should purchase this business?

UNIQUE VENUE & GREAT LOCATION: 

- RARE BLACK & WHITE BUNGALOW

- Hidden Gem amidst Greenery

- Exclusive yet accessible (10 mins fr MRT, 15 mins fr CBD)

- Ample Parking

ON-GOING PROFITABLE TRACK RECORD:

- Operational and earn income immediately.

- Current events booked months ahead, with a healthy pipeline of enquiries and potential bookings


TURN KEY BUSINESS SOLUTION:

- On-going business with all equipment, staff and initial stock for business to be immediately operational 

 

HIGH ASSET VALUE:

- Over S$350,000 worth of equipment, assets and stock.
(Stock includes only working stock and will be determined at point of sale). 
 
- Active database of more than 10,000 valid email addresses.

NEW COMPANY BENEFIT:

- New company incorporated in 2017. Enjoy 3 year tax benefit! (although business has been in operations for almost 5 years, the new company has just been incorporated to split this business from the group).


BEAUTIFULLY RESTORED:

Designed by Award-Winning Architectural Firm with over S$500,000 spent by existing owners on renovations & infrastructure.  

PROVEN POPULARITY:

With its unusual location and ample parking, this restaurant has been proven to be a popular venue for private celebrations like weddings, workshops and seminars, and large scale corporate events including luxury car launches, High Net Worth appreciation dinners, HBO launches and luxury fashion product launches.  

GREAT POTENTIAL: 

Limited marketing done to date by current owners. A lot more can be done to maximise exposure and earn a following. 

Note: Selling Price DOES NOT include various deposits (e.g. Rental, electrical, etc).


Call me today to secure this prize catch! (David 91455466).


Business Operations
Business Hour:
11.30am to 11pm everyday
Staff:
7 Local, 3 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
4200sqft
Rental Fee:
SGD16,900
Rental Deposit:
SGD16,900 (NOT included in selling price)
Lease Term:
3+3+3 since Nov 2012
Premises Detai:
Indoor: 70-120 pax Outdoor: 40-60 pax Plenty of parking space
Other Information
Facilities:
1930s Black and white restaurant

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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