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Listing Id: 26288 Total Views: 2359

(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

  • Premise Type Shopping Mall
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue S$300,000
  • 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 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.

Property Information

Rent
Premise Status

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