Italian restaurant and bar in trendy and high traffic Hongkong St precinct of the Singapore CBD.
Small scale profitable operation with significant potential to provide cafe, restaurant and bar offerings throughout the week.
Fit-out and investment in equipment of $150,000+ in early 2017.
Owners are focussed on other businesses and can't dedicate required time to maximise profitability.
Takeover fee $50,000 Unit size ~450sq ft Monthly sales ~$30,000 with significant upside from morning openings (current trading limited to Monday to Friday, midday to night) Rental ~$6,500 / month Utilities ~$1,250 / month ~2 years remaining on existing lease (with option to extend an tenants choice)
Property Information
Rent
Premise Status
2 years remaining
Lease Term
Full kitchen facilities, bar and indoor seating as well as outdoor area and seating for up to ~15
United States