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Listing Id: 29914 Total Views: 4001

(Sold) Bistro Restaurant For Takeover

Queenstown

Date Closed: 29/07/2024

Asking Price: Price On Request

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  • Overview
  • Reason For Sale
  • Description

Overview

  • Premise Type N/A
  • Premise Size N/A
  • 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

Other comMitments

Description

BISTRO RESTAURANT for takeover

đŸ’Ŋ Establishment
👉đŸŧ June 2023

đŸ’Ŋ Address of business operation
👉đŸŧ Oppsite Haw Par Villa MRT station

đŸ’Ŋ Shop/biz operation :
👉đŸŧ monthly rental $44,670.60
👉đŸŧ subject to GST
👉đŸŧ approx 5,382 sqft
👉đŸŧ balance lease approx 2 years and 2 months
👉đŸŧ cost of renovation $1,000,000
👉đŸŧ renovated about half year ago

đŸ’Ŋ Yearly estimated gross revenue
👉đŸŧ $3,600,000 (2023)

đŸ’Ŋ Yearly estimated gross expenses
👉đŸŧ $2,400,000 (2023)

đŸ’Ŋ Staff : 13
👉đŸŧ local - 8
👉đŸŧ foreigner - 5

đŸ’Ŋ Operating hours:
👉đŸŧ Monday - Saturday
5pm to 1am
👉đŸŧ Sunday 5pm to 11pm

đŸ’Ŋ Selling price - $1.35M negotiable
👉đŸŧ inclusive of
📍 brand name
📍 staff (if they are willing continue job with the new biz owner)
📍 customers data
📍 facebook/instagram/google account
📍 all fixtures, fittings, equipment & products inside the shop

👉đŸŧ not inclusive of
📍 rental deposits
📍 deposits for SP Services, telephone, wifi & other deposits


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