Listing Id: 731
Total Views: 13549
(Sold) Profitable Theme F&B Cafe In Town For Sale
Singapore
Date Closed: 16/06/2014
Asking Price: S$50K - 100K
- 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$11,934
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Rental Desposit
S$35,802
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Revenue
S$20K - 50K
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Liability
N/A
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Gross Profit
Under S$5K
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Net Profit
Under S$5K
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Stock
N/A
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FFE
S$74,000***
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Payable
N/A
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Receivable
N/A
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Owner Role
Part Time
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Staff
2
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Established
2013
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Source
Broker
Reason For Sale
Owner has full time work committement
Description
Well decorated and heavily renovated F&B business; owner previously spent $300k on renovation and all equipment.
Business owner requires realignment, as has a full time job, and his part time investment in a cafe has taken quite a lot of his time away.
Will sell with entire inventory, staff and business contacts to enable business to continue running. A new company registration is recommended to tap onto government grants for equipment purchase and renovation vouchers (if required).
2014 is the last year for 160% cash payouts, and will revert to 60% from 2015 onward.
Will advise on legality of lease, company incorporation differences, and SPRING grant benefits.
Please contact for more information.
Business Operation
200k renovation
Gelato chiller
Cake chiller
Barista machine
3 x Chiller
Freezer
POS System
Pizza Over
Dishwasher
iPad, TVs and hardwares
Facilities
Business does not have a strong website, Facebook or social media presence currently, and can be strongly built and expanded upon. Increase in revenue through games/services will be an added advantage. Increase seating capacity as it's full house on weekends.
Expansion Potential
Some F&B knowledge/experience will be helpful
Background & Skills
Property Information
Till June 2015 w option to renew +1
Lease Term
United States