Listing Id: 1277
Total Views: 14947
(Sold) Profitable Indian Vegetarian Restaurant Business For Sale
Marine Parade
Date Closed: 05/09/2015
Asking Price: S$550,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$4,000
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Rental Desposit
S$12,000***
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Revenue
S$50K - 100K
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Liability
N/A
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Gross Profit
S$20K - 50K
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Net Profit
S$10K - 20K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
13
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Established
2000
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Source
Broker
Reason For Sale
Owner is Retiring
Description
Well Established
Highly Reputed
Excellent Location
Highly profitable
Very good scope for improvements and expansion.
Excellent repeated and retained customer base.
The Owner Ran this business as Sole-Proprietorship for many years under the same banner, for the benefit of the buyers, he has recently converted the sole-proprietor business into a private Limited company.
Business Operation
Morning 7.30am to Night 10.30pm. All Days. Planning to close for two days monthly from 2015 ownards
Business Hour
There is absolutely no competition in the near-by vicinity.
As this owners are established for many years and their reputation is unbeatable by the competitors.
Competition
Highly potential for Expansion.
Can be Franchised out to get more and more passive income.
Expansion Potential
Full After sales Support and Training will be provided. Minimum three months guaranteed.
Support and Training
Passion for Food & Beverage industry, Knowledge of Indian Vegetarian Cuisine, experience in working or running small and medium Restaurant and Food catering business is an advantage.
Background & Skills
Property Information
36 months from 1st November 2012. Renewable in 1st week of October 2015
Lease Term
First and Second floor.
First floor seated Restaurant.
Second floor can be converted to function hall. Currently its a packing and storage use.
highly potential to convert into a fine dine & cuisine.
Premises Details
Yes, it can relocate to other place
Relocatable
Singapore