Listing Id: 13517
Total Views: 10298
(Sold) Chinese Restaurants Business For Sale
Central Area
Date Closed: 04/03/2019
Asking Price: S$200K - 500K
- 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
N/A
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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Stock
N/A
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FFE
N/A
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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
N/A
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Established
N/A
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Source
Broker
Reason For Sale
Seller Has No Time To Manage The Business
Description
π½ 2 outlets
π½ Business Outlets
βοΈ Orchard area:
ππΌ 2015
ππΌ Approx. $400K renovation inclusive of equipment
ππΌ Monthly rental - $40K ππΌ 2200sf
βοΈ Petir Road / Bt Panjang area
ππΌ 2017
ππΌ Approx. $400K renovation inclusive of equipment
ππΌ Monthly rental - $38K
ππΌ Approx. 2600sf
π½ Estimated yearly gross profit
- net lost $20K - $30K (past 1 year)
π½ Estimated monthly
gross revenue - $100K per month per outlet
π½ Estimated yearly - $1.2M per outlet
π½ Monthly total cost slightly above $100K per outlet
π½ Any director fee
ππΌ $10K
π½ How many directors in the company ?
ππΌ 2
π½ Directorβs involvement in the business
ππΌ minimum
π½ Staff :
ππΌ local - 25 - 30
ππΌ foreigner - 10 - 15
π½ Reason for selling
ππΌ Lack of time to manage the restaurants due to other commitments
π½ Open for joint venture with new investor ?
- No
π½ Selling price - View to offer
Thank you & blessings
United States