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Listing Id: 14386 Total Views: 10913

(Sold) Western Cafe Business For Sale @ $1.8M

Central Area

Date Closed: 19/09/2020

Asking Price: S$1M - 5M

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

Property Information

Rent
Premise Status

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