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Listing ID: 3524
Total Viewed: 2849
Last Refreshed: 17/12/2016

Restaurant For Takeover. Unbelievable Low Takeover Fee And Growing Business

Jurong East, Singapore

Asking Price : SGD300,000

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2015

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 10

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Time commitment.
Business Description

Chinese Restaurant for Takeover

Asking Price:$300K Furniture / Fixtures and Inventory / Stock included.

Since opening in 2016, the restaurant has  regular clients and is packed during weekends and holidays dinner. 

Located at an ideal location in IMM, Jurong East which has massive crowd throughout the week. Owner is looking to sell off the business due to time constraint and unable to concurrently run this business with other businesses.

Owner is looking for a takeover with staff and stock/supplies.

Lease is 2 years plus a 3 years option. Rental is $33,000

Operating hours is from 11.30 AM - 3 PM  to 5.30 -10 PM pm

Total Employees including of chefs is 10

Cost of renovation and purchase is $500,000 and this is included in the asking price

Inventory / Stock Value is included in the asking price.

Fitted with the followings:

* Counter

* Sitting area

* Kitchen equipments

* Nicely done up cafe with seating capacity of up to 82 pax.

* Full equipped kitchen.

* Existing fixtures for additional takeover at No Cost!

2nd Level next to the overhead bridge, 2,000 Sq ft.  Located at a position with very high traffic.  Very viisible from all round. Operational for 1 year.

- Brand new equipments

- Seafood and local food

Rental Deposit: SGD33,000 X 5 MONTHS inclusive GST.  (NOT included in selling price) @5months


Business Operations
Business Hour:
11.30 am - 3 pm and 5.30 pm to10 pm
Staff:
10 Local
Property Information
Premise Status:
Own
Premise Size:
2000sqft
Rental Fee:
SGD33,000
Rental Deposit:
SGD165,000 (NOT included in selling price)
Lease Term:
2 + 3 years

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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