Listing Id: 13517
Total Views: 11577
(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
๐ฝ 2 outlets
๐ฝ Business Outlets
โ๏ธ Orchard area:
๐๐ผ 2015
๐๐ผ Approx. $400K renovation inclusive of equipment
๐๐ผ Monthly rental - $40K ๐๐ผ 2200sf
โ๏ธ Petir Road / Bt Panjang area
๐๐ผ 2017
๐๐ผ Approx. $400K renovation inclusive of equipment
๐๐ผ Monthly rental - $38K
๐๐ผ Approx. 2600sf
๐ฝ Estimated yearly gross profit
- net lost $20K - $30K (past 1 year)
๐ฝ Estimated monthly
gross revenue - $100K per month per outlet
๐ฝ Estimated yearly - $1.2M per outlet
๐ฝ Monthly total cost slightly above $100K per outlet
๐ฝ Any director fee
๐๐ผ $10K
๐ฝ How many directors in the company ?
๐๐ผ 2
๐ฝ Directorโs involvement in the business
๐๐ผ minimum
๐ฝ Staff :
๐๐ผ local - 25 - 30
๐๐ผ foreigner - 10 - 15
๐ฝ Reason for selling
๐๐ผ Lack of time to manage the restaurants due to other commitments
๐ฝ Open for joint venture with new investor ?
- No
๐ฝ Selling price - View to offer
Thank you & blessings
Korea