Listing Id: 14386
Total Views: 10944
(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
-
Premise Type
N/A
-
Premise Size
-
Monthly Rental
N/A
-
Rental Desposit
N/A
-
Revenue
N/A
-
Liability
N/A
-
Gross Profit
N/A
-
Net Profit
N/A
-
Stock
N/A
-
FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Full Time
-
Staff
N/A
-
Established
N/A
-
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
Netherlands