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Listing Id: 13517 Total Views: 10769

(Sold) Chinese Restaurants Business For Sale

Central Area

Date Closed: 04/03/2019

Asking Price: S$200K - 500K

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

Seller Has No Time To Manage The Business

Description

💽 2 outlets

💽 Business Outlets
❇️ Orchard area:
👉🏼 2015
👉🏼 Approx. $400K renovation inclusive of equipment
👉🏼 Monthly rental - $40K 👉🏼 2200sf
❇️ Petir Road / Bt Panjang area
👉🏼 2017
👉🏼 Approx. $400K renovation inclusive of equipment
👉🏼 Monthly rental - $38K
👉🏼 Approx. 2600sf

💽 Estimated yearly gross profit
- net lost $20K - $30K (past 1 year)

💽 Estimated monthly
gross revenue - $100K per month per outlet

💽 Estimated yearly - $1.2M per outlet

💽 Monthly total cost slightly above $100K per outlet

💽 Any director fee
👉🏼 $10K

💽 How many directors in the company ?
👉🏼 2

💽 Director’s involvement in the business
👉🏼 minimum

💽 Staff :
👉🏼 local - 25 - 30
👉🏼 foreigner - 10 - 15

💽 Reason for selling
👉🏼 Lack of time to manage the restaurants due to other commitments

💽 Open for joint venture with new investor ?
- No

💽 Selling price - View to offer

Thank you & blessings

Property Information

Rent
Premise Status

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