Listing Id: 26288
Total Views: 2397
(Sold) 5 Bubble Tea Stores Locally | $3.6M Yearly Revenue | Owner Retiring For Good
Central Area
Date Closed: 10/05/2023
Asking Price: S$1M - 5M
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Shopping Mall
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Premise Size
N/A
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
S$300,000
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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
Owner is a couple planning on retiring, plans to travel thus selling off business
Description
5 Bubble Tea Chain Stores with Total Revenue of $3,600,000 SGD p.a. Ready to let go as the owner is deciding to retire for good.
- Profit in Green since inception.
- 5 Outlets Across Singapore (1 operates 24/7) (NORTHWEST, WEST, EAST, CENTRAL, NORTH CENTRAL)
- Full manpower provided (HR, Marketing Managers, Supervisors & Outlet staff).
- Bubble Tea Rewards System & App in place.
- E-delivery system is all set up (Foodpanda, Grab, Lalamove & Deliveroo.)
- International Taste Insititute 2020 3 & 2 Stars Awarded.
- News & Digital Media Coverage by 8 Days, TODAY, EatBook, DanielFoodDiary & many (10++) more.
The owner is willing to let go of 100% shares while advising for 6-12months after the takeover. Price Negotiable.
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