us United States

Listing ID: 13538
Total Viewed: 7833
Last Refreshed: 28/11/2018

Group Operating Multiple CBD Restaurant / Bar / Bistro For Sale

Central Area, Singapore

Asking Price : S$1,200,000

Revenue: S$3,000,000

Cash Flow: S$200K-500K

Payable: SGD0

Established: 2014

Gross Profit: Above SGD1M

Inventory: SGD100,000

Receivable: SGD0

Owner Role: Full Time

Net Profit: SGD200K - 500K

Liability: SGD0

FFE: SGD400,000

Staff: 40

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

Reason To Sell
no bandwidth to scale up the business
Business Description

About the business


Beginning in 2014, with our flagship restaurant in Raffles Place, the brand has grown into a household name in the area. 

Three years on, after careful selection of our next location, we have opened doors to our next outlet at Tangjong Pajar / Robinson Road. 



Key Points


- Lease for both locations expire 2021 with a +3 clause

- Annual turnover in access of $3M

- Takeover lock stock barrel

    1. Live Company with $100k paid up capital

    2. Deposits in excess of $150k

    3. Entire HR since 2014 (key position holders 4 years going on 5 years)

    4. All Intellectual Property

- Prospects will be dealing directly with the owner of the business 

Non Disclosure Agreement Required for us to divulge further

- extremely suitable for exsisting F&B operators who wants CBD presence 

- Asking $1.2M

Business Operations
Business Hour:
monday to friday, 8am to 11pm, closed on weekends and PH
Preferred Skills:
ideal for existing F&B operators who wants to expand into the CBD scene
Supporting and Training:
hand-holding will be comprehensive
Staff:
20 Local, 10 Foreigners, 10 Part Time
Property Information
Premise Status:
Rent
Premise Size:
3200sqft
Rental Fee:
SGD40,000
Rental Deposit:
SGD150,000 (included in selling price)
Lease Term:
3 + 3
Premises Detai:
raffles place (1400sqft) robinson (1800sqft)
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
both locations are fully fitted with everything a restaurant needs to operate smoothly
Competition:
Ratings average 4.5 out of 5 across various platforms. We always strive to stay ahead of the competition. Since we started in 2014, many restaurants have opened and closed without our vaccinity, we do what we must to stay ahead and will continue to do so
Expansion Potential:
100%, especially if you want a even bigger footprint in the CBD / high density corporate space. Our business model works and we have the results to prove it.

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.

Join Premium Buyer Now to Find More About The Business
Premium Buyer can view additional information on the business, including
  • Date business posted, and last updated
  • Total enquiries this business has had, and when last enquiry sent
  • Get the contact information for the business (if available)
Contact Seller
Your Name:
Your email
Your phone

Contact Seller
Your Name:
Your email
Your phone



Just a moment... we are sending the message now