Listing Id: 14386
Total Views: 10988
(Sold) Western Cafe Business For Sale @ $1.8M
Central Area
Date Closed: 19/09/2020
Asking Price: S$1M - 5M
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
Reason For Sale
owner has other commitments
Description
Established Western Cafe biz for sale
๐ฝ 4 outlets :
1)
๐ Kampong Bahru Road
๐ Lease till nov 2019, option to renew another 2 years
2)
๐ Prinsep Street
๐ Lease until June 2021
3)
๐ Near Raffles MRT station
๐ Lease to be renewed.
4)
๐ The Concourse Skyline
#01-04/05
๐ Lease until Novโ2020
๐ฝ Nett assets as of 2017 - $1,050,000
๐ฝ Yearly Revenue - $3,900,000
๐ฝ Nett profit before tax - $380,000 annually
๐ฝ Directors salary $260,000 annually
๐ฝ Audited nett assets
$484,786
๐ฝ Sale price non negotiable
๐๐ผ $1.8M for whole group (sellers fully exit)
๐๐ผ $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company.
๐ฝ Sellerโs have offers to open in SGH and Changi Jewel.
-substantial funding needed
Singapore