Listing ID: 14921 Last Refreshed: 26/05/2019 Total Views: 12008
Keen to venture into the F&B scene? Or expand your current operations? We've got an excellent opporunity for you!
We are looking to let go our shop fittings & equipment urgently so any reasonable offers will be considered. Shop is available for immediate takeover.
We built a regular customers coming from the neighbouring offices, gyms and housing estates. Area has a strong night crowd, with various bars and restaurants around.
Note that it’s preferable that new owners have their own concept as we are selling the store front and equipment with the company. Our existing business has gone through some changes but still have regulars coming in for drinks.
Rental of the space is $9,500 exc GST, space is 1,612 sq ft (approx $5.90psf). This is the cheapest for a space like this. Space can sit 40 pax comfortably or 60-80 pax cozily. We have held many events here with 70 to 80 pax.
Everything has been set up for operations! No need to go through the hassle of applying for licences (acholol licence, NEA licence, Cat 2 PE licence all till Dec19, just renewed!), insurance (insurance till Dec19), setting up ulitiles (SPgroup account settled, Visa/Mastercard/NETS terminal settled), fitting out (fully fitted unit plus well equiped kitchen to cook up anything, plates cups bowls ultensils all included). Plus things like food delivery, payment apps, online reservation, POS have all been set up.
Opex is low, depending on what the new owners decide to do from here. We have ran with 2 to 3 staff each time. Currently business model does not need many staff, hence staff cost is low.
Some information about the unit:
Roughly about 40-50 seater
Rental at $9,500 nett exc (1 year 10 months tenacy balance - very short commitment period)
Ample parking space around
6-day operations, only nights
New owners can start business immediately
Liquor licence, NEA licence in placed, currently applying for cat 1 PE licence
Address 78 Horne Road
Current list of equipment includes:
Ice machine (rented)
Induction stove x 3
Twin basket deep fryer
Single basket deep fryer
Counter chiller x 4
POS system ($6K value)
Aircon system x 3 outside, 1 inside kitchen, 1 inside office
Crockery, cutleries and utensils
Interested buyers please call or Whatsapp me at 87997140 to view the premise and offer. We are looking to let go of this quickly so we will consider all reasonable offers. Our asking price is way below the initial capital needed to start an F&B venture.