Businesses For Sale in SingaporeSingapore

Listing ID: 14529
Total Viewed: 766
Last Refreshed: 30/10/2018

Popular Halal Western Restaurant For Lease Takeover Or Sale

Central Area, Singapore

Asking Price : S$50K-100K

Revenue: S$500K-1M

Cash Flow: S$50K-100K

Payable: Not Disclosed

Established: 2011

Gross Profit: SGD200K - 500K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD50K - 100K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 8

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

Reason To Sell
- We are venturing into a different industry and need to re-focus on that instead.
Business Description

- In operation since 2010.                
- Very good location in Kampong Glam along the famous Arab Street. Short walk from Bugis MRT.                
- Good foot traffic and regular crowd.                
- MUIS Halal Certified.                
- 2-storey shophouse unit.                
- Very reasonable rental for the location.                
- Fully fitted out kitchen with exhaust and fresh air system. No need to spend extra $$$ on installation.                
- Landlord is agreeable to extend current lease with new tenant at same rental rate for a 2+2 or 3+2.      

Business Operations
Business Hour:
DAILY FROM LUNCH TO DINNER
Supporting and Training:
- If taking over lease only, you can opt to keep any or all of the fittings and equipment. You can save a lot on kitchen fittings as it comes fully equipped already with exhaust and fresh air system.- If taking over the business, we will be very open to work with you to make a successful transition.
Staff:
2 Local, 5 Foreigners, 1 Part Time
Property Information
Premise Status:
Rent
Premise Size:
1500sqft
Rental Fee:
SGD7,750
Rental Deposit:
SGD22,500 (included in selling price)
Lease Term:
Landlord is agreeable to extend current lease at same rental rate with new tenant for a 2+2 or 3+2.
Premises Detai:
- 2 storey shophouse unit. - Upper floor suitable for events and office space. - Can accommodate up to 60pax. - The office on the 2nd floor can be used as a staff sleeping quarters. Can save on off-site staff accommodation.
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
- Fully fitted out kitchen with exhaust and fresh air system. Huge savings on installation. - All furniture and equipment can be taken over as well.
Competition:
- Very mature heritage area with good visibility and crowd. (both locals and tourists) - Usual competition from nearby f&b.
Expansion Potential:
- Concept can be scaled to offer catering, events, and also expanded into other locations like malls.

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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