Listing Id: 14386
Total Views: 10917
(Sold) Western Cafe Business For Sale @ $1.8M
Central Area
Date Closed: 19/09/2020
Asking Price: S$1M - 5M
- 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
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Rental Desposit
N/A
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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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
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Established
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Source
Broker
Reason For Sale
owner has other commitments
Description
Established Western Cafe biz for sale
💽 4 outlets :
1)
📌 Kampong Bahru Road
📌 Lease till nov 2019, option to renew another 2 years
2)
📌 Prinsep Street
📌 Lease until June 2021
3)
📌 Near Raffles MRT station
📌 Lease to be renewed.
4)
📌 The Concourse Skyline
#01-04/05
📌 Lease until Nov’2020
💽 Nett assets as of 2017 - $1,050,000
💽 Yearly Revenue - $3,900,000
💽 Nett profit before tax - $380,000 annually
💽 Directors salary $260,000 annually
💽 Audited nett assets
$484,786
💽 Sale price non negotiable
👉🏼 $1.8M for whole group (sellers fully exit)
👉🏼 $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company.
💽 Seller’s have offers to open in SGH and Changi Jewel.
-substantial funding needed
Korea