Listing Id: 13517
Total Views: 10795
(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
💽 2 outlets
💽 Business Outlets
❇️ Orchard area:
👉🏼 2015
👉🏼 Approx. $400K renovation inclusive of equipment
👉🏼 Monthly rental - $40K 👉🏼 2200sf
❇️ Petir Road / Bt Panjang area
👉🏼 2017
👉🏼 Approx. $400K renovation inclusive of equipment
👉🏼 Monthly rental - $38K
👉🏼 Approx. 2600sf
💽 Estimated yearly gross profit
- net lost $20K - $30K (past 1 year)
💽 Estimated monthly
gross revenue - $100K per month per outlet
💽 Estimated yearly - $1.2M per outlet
💽 Monthly total cost slightly above $100K per outlet
💽 Any director fee
👉🏼 $10K
💽 How many directors in the company ?
👉🏼 2
💽 Director’s involvement in the business
👉🏼 minimum
💽 Staff :
👉🏼 local - 25 - 30
👉🏼 foreigner - 10 - 15
💽 Reason for selling
👉🏼 Lack of time to manage the restaurants due to other commitments
💽 Open for joint venture with new investor ?
- No
💽 Selling price - View to offer
Thank you & blessings
Korea