Businesses For Sale in SingaporeSingapore

Listing ID: 13600
Total Viewed: 7086
Last Refreshed: 19/09/2018

Italian Restaurant And Bar For Takeover

Central Area

Asking Price : SGD50,000

Revenue: SGD20K - 50K

Cash Flow: SGD5K - 10K

Payable: Not Disclosed

Established: 2017

Gross Profit: SGD5K - 10K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: SGD5K - 10K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 3

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

***NOT included in asking price

Reason To Sell
Focusing on other businesses
Business Description


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)


Business Operations
Staff:
3 Local
Property Information
Premise Status:
Rent
Premise Size:
450sqft
Rental Fee:
SGD6,500
Rental Deposit:
SGD20,000 (NOT included in selling price)
Lease Term:
2 years remaining
Premises Detai:
Full kitchen facilities, bar and indoor seating as well as outdoor area and seating for up to ~15

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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