Singapore  Singapore

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Listing Id: 30435 Last Refreshed: 26/08/2024 Total Views: 804

42 Years History And Branded Chinese Restaurant Ideal For Wedding/Corporate Event And Tourist

Central AreaAsian RestaurantsChinese RestaurantsFood Catering
Asking Price: S$2,100,000(Neg.)
Business For Takeover
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Overview

  • Premise Type Shopping Mall
  • Premise Size 16000 sqft / 1486 sqm
  • Monthly Rental S$40,000
  • Rental Desposit S$120,000
  • Revenue S$250,000
  • Liability N/A
  • Gross Profit S$150,000
  • Net Profit S$30,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 17
  • Established 1981
  • Source Direct Seller

Reason For Sale

Business Owner Retirement

Description

42 years History , branded Chinese Restaurnat for takeover due to the retirement of Business Owner, The unit is with a size of approx. 16,000 sq.ft. and currently serve many tourist group/ company and family event and othe groups of client , kitchen comes with cold room/chiller room and Duck Toast kitchen , ideal for Local or Overseas purchase for business expansion/ immigration / brand awareness / Investment .

It is centralised location near Orchard Road, with long term good relationship with property owner , asking price at S$2.8Million Negotaible (price not inclusive of Security Deposit ), call or sms /email for NDA and further discussion .

Business Operation

Branded name of 42 years , well established customer's base , large size and stable operation
Facilities
Current business owner did not input time and effort for new technologies of marketing and online booking
Competition
High expansion potential for wedding/tourist/ corporate event and other group dinning experience .
Expansion Potential

Property Information

Three (3 ) years renewable
Lease Term
Yes, it can relocate to other place
Relocatable
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