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Italian Restaurant In Singapore For Sale

Orchard, Singapore
Asking Price:
$295,000 (SGD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (SGD)
Cash Flow:
$100K - $250K (SGD)

In the middle of residential area, where high life standard people looking for good quality food in a new environment.
50 seats indoor plus 30 seats alfresco (can still expand).
1540 sqft indoor please about 800sqft outdoor.
Rental is less than 18k
500k spent for renovation (150k spent for equipment)
The business is 30months old and still have 6 months lease, able to negotiate the rent price from December 2020 (2+2 years or 3+3 years)
Good crowd dinner time specially week end.
Suitable for Italian or western food (by contract you will have an exclusivity for Italian food)
For more Information please approach Mr Dario on this page.
Agent are not welcome

only for serious buyers, not was testing time people.

Property Information

Real Estate:

Lease

Lease Terms:

3 plus 3 years

Leasehold Rent:

$220,000 (SGD) per annum

Location:

Bukit Timah / Balmoral Area / Stevens Road/ tanglin

Premises Details:

Next to Novotel at Stevens road

Size in square feet:
2,500

Business Operation

Expansion Potential:

Out door seats can be expanded

Competition / Market:

No competition because by agreement we have exclusivity of Italian cuisine

Reasons for selling:

Facing manpower issue and family reasons

Trading hours:

24/7

Employees:
7
Years established:
2017

Other Information

Furniture / Fixtures value:
$180,000 (SGD) - included in the asking price
Inventory / Stock value:
$20,000 (SGD) - included in the asking price

Contact Information

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