Businesses For Sale in SingaporeSingapore

Listing ID: 14576
Total Viewed: 558
Last Refreshed: 09/11/2018

Reputable Existing Western F&B For Franchise

Bedok, Singapore

Asking Price : S$250,000

Revenue: S$50K-100K

Cash Flow: S$10K-20K

Payable: Not Disclosed

Established: 2014

Gross Profit: SGD10K - 20K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD10K - 20K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

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

Reason To Sell
Embarking on franchise model
Business Description

Reputable Western Food Restaurant Business 


Owner Franchising Existing Outlet@Simei Street 6


Operating since Dec 2014


Current Rental - $22,728

Deposit - 3 month

Size - 1894 sqft


2014 Dec Renovations - $200K


Quarterly Revenue (Jul-Sep 2018) - $270K


Inclusive;

Exisiting Manpower & Fittings & Fixtures


Asking $250K (Inclusive of a $50K 5-year franchising fee & 3 months rental deposit)


*financials are available for viewing/ due dillgence for serious buyers

*Can arrange for direct viewing at outlet

*Existing manpower will be transferred over to the new franchisee's company

**need to sign Non Disclosure Agreement (NDA) and place a $1K non-refundable fee for access to financials.

=====


Advantages of an Existing Franchise

There is a general sense among buyers that acquiring an existing franchise is easier than launching a new franchise outlet. That may or may not be the case, depending on the specifics of the outlet, but it is true that existing franchises offer several advantages that are worth considering: 

1. Track Record

An existing franchise opportunity can be a turnkey business acquisition. The business is already operational so the seller should be able to demonstrate a track record of profitability as well as hard numbers that will help you determine current cash flow and make better projections regarding future performance--two key elements in the value of the business. 


2. Customer Base

An established and loyal customer base is a huge benefit for a new business owner. Existing franchises make it even easier for new owners to leverage the advantage of an established customer because the franchise brand gives customers a sense of consistency, even if an ownership transition has occurred behind the scenes. 


3. Flexibility

Franchisors typically have a set fee structure for new franchise locations, limiting the buyer's ability to negotiate on terms or price. Buying an existing franchise, however, puts you directly across the table from the seller with more ability to negotiate the terms and maximize the return on your investment.


Other benefits:

  • Franchises offer the independence of small business ownership supported by the benefits of a big business network.

  • You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model.

  • Franchises have a higher rate of success than start-up businesses.

  • You may find it easier to secure finance for a franchise. It may cost less to buy a franchise than start your own business of the same type.

  • Franchises often have an established reputation and image, proven management and work practices, access to advertising and ongoing support.


Business Operations
Staff:
Not Disclosed
Property Information
Premise Status:
Rent
Premise Size:
1894sqft
Rental Fee:
SGD22,728
Rental Deposit:
SGD68,184 (included in selling price)
Lease Term:
3 years

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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