Singapore  Singapore

Post Ad
Listing Id: 13600 Last Refreshed: 07/05/2019 Total Views: 14117

(Expired)Italian Restaurant And Bar For Takeover

Central AreaPUBs
Asking Price: S$50,000
Business For Takeover
Look For Investor
Look For Partner
  • Premise Type N/A Premise Size
  • Monthly Rental S$6,500 Rental Desposit S$20,000
  • Revenue S$20K - 50K Liability N/A
  • Gross Profit S$5K - 10K Net Profit S$5K - 10K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Investor Staff 3
  • Established 2017 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Chase Bailey

Reason For Sale

Focusing on other businesses

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)

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
Premises Details
/

Just a moment... we are processing the request