Singapore  Singapore

Sell a Business

Listing ID: 19847 Last Refreshed: 30/07/2020 Total Views: 1271

Letting Go Thai Milk Tea Business

Central Area

Asking Price: S$15,000
  • Premise Type Stall Premise Size 600sqft
  • Monthly Rental S$6,200 Rental Desposit N/A
  • Revenue S$60,000 Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2014
  • Owner Role N/A Staff 1
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Jeremy
Email Owner

Reason For Sale

Director has other commitments and does not have time to handle this business and thus will like to let go the business to someone who can take care of the business and bring it to greater heights.

Description

We are considering letting go our Thai Milk Tea business centrally located in CBD. Stall is located in heart of Chinatown with high footfall.

Background of brand:
Established in 2014, we are the 1st Thai Milk Tea brand in Singapore and have many loyal customers who still visit us after our relocation. We are now conveniently located within walking distance between 2 MRT Stations.
Due to our popularity and marketing within schools in Singapore, we have many bulk order/sponsership requests from Universities and Polytechnics.
We are being featured in popular blogs such as danielfooddiary.com, AsiaOne.com.
We also have good reviews on food delivery apps such as Foodpanda, Deliveroo, GrabFood, Chope etc.

Reason for sale: Director has other commitments and does not have time to handle this business and thus will like to let go the business to someone who can take care of the business and bring it to greater heights.

What does it include:
1. All equipment and inventory necessary to run the shop
2. 1 month support with staff to stay in shop with you to guide you along with day to day running of the stall
3. Facebook and IG fan page and account
4. Supplier contacts
5. Recipe for all drinks
6. Newly renovated shop (just renovated in Aug 2019)
7. After sales support for 3 months after takeover
8. All customer details that you can use to send them promo emails/SMS

Customer profile:
1. White collar staff
2. Aged between 24-45

*Business is loss making now but potential is high due to its high profit margin. We have outlined some ways to improve the business and bring it to greater heights.*

What can be done to improve business:
1. Run more social media campaigns to increase awareness of brand
2. Introduce more drinks/products to increase offering in stall and keep it fresh
3. Influencer marketing to boost traffic to stall

Do feel free to contact us if you have any further queries.
Motivated seller.

The equipment, renovation and inventory cost is much higher than asking price!
Do take this chance to be a business owner and takeover a fully functioning business at a low cost.
No agent fee.

New owner to negotiate rental with landlord.

Do note that you'll be taking over the brand and stall but not the company.

Thanks for reading!
Email Owner
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