Listing Id: 14606
Last Refreshed: 07/05/2019
Total Views: 11033
(Expired)For Sale: (((Profitable Cafe In Cbd))) @ $400,000 Negotiable
Central AreaCoffee Shops and Cafes
Asking Price: S$400,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
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Monthly Rental
S$7,500
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Rental Desposit
S$22,500
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Revenue
S$980,000
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Liability
N/A
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Gross Profit
S$460,000
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Net Profit
S$115,000
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
2
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Established
2016
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Source
Direct Seller
Reason For Sale
Family Commitments
Description
Dear Sir/Mdm,
I am an agent marketing a (((Profitable Cafe In CBD))) that's up for sale @ $400,000 negotiable.
The cafe is self-running and new owner(s) need not be involved in the day-to-day operations. Of course, if new owner(s) are keen on running the shop as well, you're more than welcome to do so.
Current owner will ensure handover/training is smooth and will facilitate the ease of transition.
Good pointers:
3.5 years left on tenancy
Rental at $7,500/month only - ***cheapest in CBD***
1200sf space
Suitable for first-time operators as area size is not too big
Not necessary to have too many staff-on-duty
7-day operations (unlike other CBD units that only run 5-6 days)
Cafe's food and drinks is consistent and well-received by public and media
Current owner will share more during the meetup sessions
Possible expansion opportunities for new owners
Current owner will share more during the meetup sessions
Very, very good reviews
Landlord is very reasonable and understanding
Tenancy is initially 3+3
Landlord has already agreed on the (+3) at the same rental with proof of communication
Good location with good traffic and footfall
Very affordable rental in comparison to other units around the same vicinity
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.
Interested parties please write in to emailpaulwong@yahoo.com arrange for viewing and offer.
Thank you.
Business Operation
Yes - owner will share more with interested buyers.
Expansion Potential
Handover and training will be provided
Support and Training
Property Information
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
Premises Details