Singapore  Singapore

Sell a Business

Listing ID: 14386 Last Refreshed: 07/05/2019 Total Views: 8485

Western Cafe Business For Sale @ $1.8M

Central Area

Asking Price: S$1M - 5M
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A 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 N/A
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Peter Wan Dream Centre Business Brokerage Pte Ltd
Email Owner

Reason For Sale

owner has other commitments

Description

Established Western Cafe biz for sale 

πŸ’½ 4 outlets :

1) 

πŸ“Œ Kampong Bahru Road 

πŸ“Œ Lease till nov 2019, option to renew another 2 years 

2)

πŸ“Œ Prinsep Street 

πŸ“Œ Lease until June 2021 

3)

πŸ“Œ Near Raffles MRT station 

πŸ“Œ Lease to be renewed. 

4)

πŸ“Œ The Concourse Skyline 

#01-04/05 

πŸ“Œ Lease until Nov’2020 

πŸ’½ Nett assets as of 2017 - $1,050,000 

πŸ’½ Yearly Revenue - $3,900,000 

πŸ’½ Nett profit before tax - $380,000 annually 

πŸ’½ Directors salary $260,000 annually 

πŸ’½ Audited nett assets 

$484,786

πŸ’½ Sale price non negotiable 

πŸ‘‰πŸΌ $1.8M for whole group (sellers fully exit)

πŸ‘‰πŸΌ $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company. 

πŸ’½ Seller’s have offers to open in SGH and Changi Jewel. 

-substantial funding needed


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