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Profitable Cafe In Cbd For Sale

Singapore, Raffles Place
Asking Price:
$500,000 (SGD)
Sales Revenue:
$990,000 (SGD)
Cash Flow:
$25,000 (SGD)

I'm currently an agent marketing for a profitable cafe in town area looking for takeover at $500,000 negotiable.

Owner is intending to let go due to family commitments i.e. wife giving birth, and is unable to continue the back office management duties of the shop. The cafe can run on its own when it comes to the day-to-day operations and service, but is still dependant on the current owner's involvement when it comes to accounting, marketing, and HR.

Interested buyers, rest assured that you're taking over a brand that is good, strong, and well-received. Most importantly, the cafe is well-patronised and profitable.

Moreover, you don't need to reinvent the wheel or make any big overhaul/change to the business and will be able to keep things status quo.

Good pointers:
3 years old cafe with 3 more years left on the tenancy
Rental for the next 3 years has already been discussed and finalised in contract
Landlord is very reasonable and understanding
Good location with good traffic and footfall
Very affordable rental in comparison to other units around the same vicinity
7-day operations
Cafe's food and drinks is consistent and well-received by public and media
Very, very good reviews
Turnkey operations
Stable staffing
Cafe has a team of committed staff who are competent to run the day-to-day operations
Strong social media presence with a very high amount of goodwill from the owner building up the brand over the years through food consistency, innovation, and marketing/PR

Only looking for sincere and serious buyers who will takeover the cafe and continue utilising the brand name and bring it further in time-to-come.

Interested parties please Whatsapp (no calls) to 9864-4015 or email rickycheong78@gmail.com to arrange for viewing and offer.

Thank you.

Property information

Real Estate:

Lease

Lease Terms:

3+3. Balance of 3+ years left on the tenancy. Owner has agreed to keep the rental status quo till end of tenancy.

Leasehold Rent:

$7,500 (SGD) per annum

Location:

Shenton Way / Tanjong Pagar

Premises Details:

Beautifully renovated with a modern industrial touch and located in a shophouse. Good footfall with 7-day operations unlike many other CBD eateries that only operate on weekdays.

Size in square feet:
1,200
Planning Consent:

No issues with Government regulations pertaining to the F&B operations and procurement of the licences etc.

Business Operation

Expansion Potential:

Overseas expansion. Franchising opportunities. Kiosk expansion.

Competition / Market:

N/A

Reasons for selling:

Owner's wife is expecting so he'd like to spend more time with the wife and family before the child comes out.

Trading hours:

9am to 10pm

Employees:
4 full-time staff / 8 part-time staff
Years established:
3

Other Information

Support & training:

Owner is willing to give hands-on training for 2 weeks after the takeover.

Furniture / Fixtures value:
$180,000 (SGD)
Inventory / Stock value:
$35,000 (SGD)
Related Documents:
Relocatable:
This business can be relocated.

Contact Information

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