Listing Id: 31356
Last Refreshed: 08/05/2024
Total Views: 1936
(Expired)Amazing Concept Cafe For Takeover In Kampong Glam Good Location
Central AreaCoffee Shops and CafesEvent Management
Asking Price: Under S$50K
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
Commercial Street
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Premise Size
1800 sqft / 167 sqm
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Monthly Rental
S$10,900
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Rental Desposit
S$20,000***
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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Stock
S$8,000***
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FFE
S$30,000***
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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
8
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Established
2021
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Source
Direct Seller
Reason For Sale
Not enough funds
Description
Business opened in mid-February, official opening was on the 24th Feb. Featured on Tatler for Top 5 Cafes to visit in Singapore (https://www.tatlerasia.com/dining/food/new-cafes-to-visit-in-singapore), 276 Followers on Instagram (https://www.instagram.com/gardenofsecretsss/), a storefront on Google Maps (https://maps.app.goo.gl/jsqGU9gs3f7kLY8A7).
Cafe is fully functional with equipment ready. Currently 2 full-time employees hired: Cafe Manager and Cafe Manager Assistant. Approximately 6 Part-Timers hired. SOP and menu still fine-tuning. Currently, has a 1-year contract for pest control active beginning March 2024.
Most equipment are on lease with a F&B machinery rental company. Items that are owned are as follows:
50 French Presses
IKEA shelving
Countertop (affixed to ground)
Ice cream display machine (adapted for pozetti use)
Inventory of alcohol including spirits, wine, and pre-mixed cocktails
Inventory of soft drinks
Plants, and planter boxes
Seating furniture
Tables
Projector
Projector Screen
Rugs
Ice Boxes
Surface Pro (POS)
Receipt Printers
Gachapon Machine
Lighting
Dehydrators
Estimated value of money paid for owned goods: $38.6K
Rental paid: $27.2K
Deposit for rent: $20K
Deposit for equipment rental: $2.1K
Total investment by current founder: $85.3K
Expect to pay the following:
Monthly rental: $10,000 +GST
Reason for selling the business: unable to carry financial strain as the company is currently making losses. Main issue with the business plan was the marketing section, and a lack of manpower to cover all bases. Other main issue would be lack of finances, and ability to finance.
Business Operation
As mentioned in description
Facilities
Fierce competition in the area as there are many cafes, bars, and gelateria nearby.
Competition
Could become a franchise eventually.
Expansion Potential
Related recipes are provided in the recipe booklet. early SOP framework can be handed over.
Support and Training
Property Information
2 years until January 2026
Lease Term
2 units co-joined shophouse with a nice balcony, on the 2nd floor nearby an assortment of parking spots.
Premises Details
Singapore
