Peru

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Listing Id: 14386 Total Views: 11214

(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
πŸ’½ 4 outlets :
1)
πŸ“Œ Kampong Bahru Road
πŸ“Œ Lease till nov 2019, option to renew another 2 years
2)
πŸ“Œ Prinsep Street
πŸ“Œ Lease until June 2021
3)
πŸ“Œ Near Raffles MRT station
πŸ“Œ Lease to be renewed.
4)
πŸ“Œ The Concourse Skyline
#01-04/05
πŸ“Œ Lease until Nov’2020
πŸ’½ Nett assets as of 2017 - $1,050,000
πŸ’½ Yearly Revenue - $3,900,000
πŸ’½ Nett profit before tax - $380,000 annually
πŸ’½ Directors salary $260,000 annually
πŸ’½ Audited nett assets
$484,786
πŸ’½ Sale price non negotiable
πŸ‘‰πŸΌ $1.8M for whole group (sellers fully exit)
πŸ‘‰πŸΌ $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company.
πŸ’½ Seller’s have offers to open in SGH and Changi Jewel.
-substantial funding needed

Property Information

Rent
Premise Status

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