Singapore  Singapore

Sell a Business

Listing ID: 16954 Last Refreshed: 02/12/2019 Total Views: 656

Successful Chinese Restaurant with 40+ Year Heritage. Profitable.

Central Area

Asking Price: S$728,000
  • Premise Type N/A Premise Size 3300sqft
  • Monthly Rental S$20,000 Rental Desposit S$60,000***
  • Revenue S$100K - 200K Cash Flow N/A
  • Gross Profit S$50K - 100K Net Profit S$10K - 20K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established N/A
  • Owner Role Part Time Staff 8
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
H&S Business Broker H&S

Reason For Sale

Owner in his 70s. No successor.

Description

This restaurant is famous for its Chinese cuisine. Customers can expect to experience modern oriental and luxury dining ambience. The selection of dishes has won the hearts of many local and overseas customers with heritage stretching back 40+ years. The favourite dishes includes: Braised Pork with Steam Buns, Ngor Hiang Prawn Roll, Chicken Ginseng Soup, Prawn Ball, Golden Fried Rice and Yam Pudding.

 

This restaurant not only provides to the customers with a place of warmth, satisfaction and happiness as they indulge in the delectable dishes, it is also a place where friends, families and business associates meet- where the cuisine is genuine and where relationships are deepened.

 

Newly Renovated

The restaurant has been re-renovated and with a modern luxury oriental look. It has a open space with 100+ seats and 3 VIP Rooms. Estimated 3500sqft.

 

Location

This current restaurant is located in shopping & business park development. It is walking distance to MRT. The area houses companies, government agencies, retail outlets, and residential. Please approach us for more detailed information.

 

Place for Event 

The restaurant has capability to host cooperate and private event. The restaurant has hosted multiple events a year. It is a great source of income for the restaurant.

 

For New Owner 

As a new owner, you will be able to benefit from all the hard work and thought process put into this place. The kitchen has everything need by the chef to prepare made to order food and all event needs.

 

Great Potential for Franchise & Multiple Outlets 

Good branding, good concept, good recipe and system in place. The new owner can easily franchise the brand (it is very well known). It is easy to replicate the success of this outlet to open multiple outlets in Singapore, even overseas.

 

About The Founder & Reason to Sell

The founder is in his 70s and planning to retire after 40+ year in the business. He wish to find a good buyer to continue the 'Brand Name' and the serve theirs many loyal customers. At his business peak, the owner has multiple outlets with more than 1000+ seats in total.

 

The owner will ensure a smooth takeover and willing to stay for months during transition period. He is willing to be the adviser for the new owner.

 

IMPORTANT* 

New owner is takeover the 'BRAND', 'TEAM', 'CHEF' and 'RECIPE'


H&S Business Broker

Call & Text: 9753 4609

Email: info@hnsbusiness.com





Business Operation

Yes, this is franchise business.
Franchise
Yes.
Supporting and Training
Yes, seller financing is available.
Financing

Property Information

Rent
Premise Status
3
Lease Term
Yes, it can relocate to other place
Relocatable

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