Moving overseas for expansion. Looking for a partner to manage SG operations, or takeover
Description
Located in the Heart of Singapore (AMK), and in many loyal regulars' hearts.
Low monthly rental of 4.1k for ~750sqft (indoors only, ORA not included). $5.47 psf. Balance lease 17 months more till 16th Jan 2026.
Super rare, but we got an approval for our Liquour License class 1A till 2359.
Takeover fee includes: - a good team (very hardworking full-timer for weekday opening shift, and regular part timers who have been with us for almost 2 years), - SOP manuals - recipes - approx 60k worth of kitchen equipment - 2 years of ACRA filings (2022, 2023 to be filed by nov) - rental deposit of 8.2k (2 months)
Open to adding in a partner who wants to build this business with us/operate in our place, as we (the founders) will be posted overseas on an expansion and will not have the time to handle daily operations here. Not looking for someone who is solely interested in investing short term.
Business Operation
rental significantly below market rate 60k worth of equipment
Facilities
kindkones (10 mil evaluation - 2022)
Competition
global vegan ice cream market expected to hit US$805.3 million by 2027
Expansion Potential
all SOP manuals will be given.
Support and Training
Property Information
Rent
Premise Status
17 months till 16 jan 2026
Lease Term
currently only 1 outlet in a HDB shophouse. full sized unit with sole toilet.
Singapore