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Ongoing 11-year Affordable & Profitable Neighbourhood Bistro For Sale

Katong
Asking Price:
$120,000 (SGD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (SGD)
Cash Flow:
Under $50K (SGD)

NEIGHBOURHOOD:
• Tranquil, mainly landed property and private condominiums
• Surrounded by pet-centric businesses: renowned veterinary clinic (est. 1979), canine hydrotherapy & rehab centre, pet groomers, pet supplies & accessories
• Kindergarten, children's tuition centres, toy store
• Situated in the centre of Joo Chiat, Marine Parade, Siglap and Kembangan

CLIENTELE:
• Loyal following of couples, families, church groups, and young working executives with disposable income
• Good mix of locals and expats
• Popular with pet owners and animal lovers

CUISINE:
• European-influenced, mix of Italian, British, American and Asian-fusion
• Includes vegetarian options
• Dine-in, takeaway, delivery, and catering available

PREMISES:
• Rustic, homey decor. Two ground floor units combined.
• Regularly used as filming location. Most recently featured in the "PayNow" ads and in an upcoming episode of Channel 5's "Tanglin".
• Gallery-quality railing tracks installed on two walls for hanging artwork of any size
• Indoor dining area air-conditioned
• Al fresco area is sheltered, naturally breezy and equipped with fans
• Large seating area -- indoors 60-75 pax + al fresco 24-32 pax
• Suitable for hosting cosy intimate gatherings, as well as large-scale parties (readily holds 110 pax for a standing cocktail party). e.g. birthday parties, baby showers, wedding solemnisations
• Spacious and fully-equipped kitchen; grease trap installed and regularly maintained
• Ample storage space for goods and restaurant supplies

ASSETS:
• Solid furniture and well-maintained equipment & fittings

KNOWN FOR:
• Big portions, hearty & rustic-styled food, healthier options, consistent quality
• Warm, friendly service
• Being a fixture in the neighbourhood as we have been around for more than 10 years and have grown roots in the community

ONLINE PRESENCE:
• Organic social media following, no “bought” followers: Facebook, Twitter, Instagram
• Delivery partners: Deliveroo, Foodpanda, UberEats, Honestbee, WhatToEat, CaterSpot
• Mobile-optimised website, includes full menu, standard info, plus easy online ordering for catering

GOOD TO KNOW:
• Liquor Licence, Food Licence and Entertainment Licence approved
• Consistently achieved Grade A for NEA Food & Hygiene inspection grading over the years

BUSINESS:
• In its 11th year of operation (opened 2006)
• Business continuity achievable with minimal personal intervention
• Well-trained & highly-skilled staff
• Very reasonable 4-figure rental (for 2 units!) secured until Nov 2018

Owners are retiring.

More photos available upon request. Viewings and meetings can be arranged at any time.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

Yearly or 2-3 years, can be discussed with landlord. Very reasonable, 4-figure rental (unheard of for 2 units!) secured until Nov 2018.

Leasehold Rent:

$65,000 (SGD) per annum

Location:

• Tranquil, mainly landed property and private condominiums
• Surrounded by pet-centric businesses: renowned veterinary clinic (est. 1979), canine hydrotherapy & rehab centre, pet groomers, pet supplies & accessories
• Kindergarten, children's tuition centres, toy store
• Situated in the centre of Joo Chiat, Marine Parade, Siglap and Kembangan

Premises Details:

• Rustic, homey decor. Two ground floor units combined.
• Regularly used as filming location. Most recently featured in the "PayNow" ads and in an upcoming episode of Channel 5's drama series "Tanglin".
• Gallery-quality railing tracks installed on two walls for hanging artwork of any size
• Indoor dining area air-conditioned
• Al fresco area is sheltered, naturally breezy and equipped with fans
• Large seating area -- indoors 60-75 pax + al fresco 24-32 pax
• Suitable for hosting cosy intimate gatherings, as well as large-scale parties (readily holds 110 pax for a standing cocktail party). e.g. birthday parties, baby showers, wedding solemnisations
• Spacious and fully-equipped kitchen; grease trap installed and regularly maintained
• Ample storage space for goods and restaurant supplies

Size in square feet:
1,620
Planning Consent:

URA-approved for use as Restaurant on permanent permission.

Business Operation

Expansion Potential:

Good potential.

Competition / Market:

Healthy. Nearby eateries: local coffeeshop, bars, pubs, Japanese, Korean, prawn noodles, hipster cafe.

Reasons for selling:

Retirement.

Trading hours:

7 days a week.

Employees:
6-9
Years established:
11

Other Information

Support & training:

Staff are well-trained and highly skilled. Support available after sale of business for up to 3 months.

Furniture / Fixtures value:
$34,000 (SGD) - included in the asking price
Inventory / Stock value:
$24,000 (SGD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

Contact Information

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