Listing Id: 696
Total Views: 19426
(Sold) Profitable Food Court Stall In Town For Takeover/Sale
Central Area
Date Closed: 24/05/2014
Asking Price: S$19,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$8,000
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Rental Desposit
S$24,000
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Revenue
S$20K - 50K
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Liability
N/A
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Gross Profit
S$10K - 20K
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Net Profit
S$5K - 10K
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Stock
S$500***
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FFE
S$4,000***
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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
1
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Established
2013
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Source
Broker
Reason For Sale
Returning to Homeland
Description
Profitable food court stall in shopping mall in central area for takeover/sale. Has high foot traffic and business can continue immediately. New owner can choose to sell existing food, or change a cuisine completely, subject to management approval.
Operating for more than 3 years
Profitable business
Very fast return on investment (ROI) in less than 6 months
Staff and chef can be kept or re-hired, flexible arrangement
Seller is relocating back to homeland; thus need to sell
Ideal situation will be a new owner with some F&B experience. A new company registration is recommended for claims for Productivity Innovation Credit (up to $15,000 cash and thereafter $100,000) and ICV vouchers (2 x $5,000), which are incentives given by the government.
My team and I will get a staff from SPRING to assist you with claims as well.
* Picture credits: Hanrik
Business Operation
High food traffic, very packed during weekends and evenings
Facilities
Complete change in cuisine possible, introduce new food items
Expansion Potential
Hand holding and training can be provided by the seller for 1 month
Support and Training
Business operations, F&B experience will be useful, hired and worked with foreign manpower
Background & Skills
Property Information
1 year till 1Q 2015
Lease Term
Singapore