Singapore  Singapore

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Listing ID: 14966 Last Refreshed: 07/05/2019 13461 Views

2 Established Cafes Selling Local Coffee/Tea With Local Food For Sale

Asking Price <span class='currency'>S$</span>360

Overview

Financial Performance

Annual Figures
Revenue
S$500K-1M
Gross Profit
S$50K - 100K
Net Profit
S$10K - 20K
Monthly Rentalt
S$9,000

Operations & Ownership

Staff
6 Employee
Year of Incorporation
2005
Owner Role
Part Time

Property Information

Premise Status
Rent
Rental Deposit
S$28,000

Operations & Growth

Reason For Sale

Personal reasons

Description

Due to other business committments, owners are sad to sell off one long etabllished local cafe in the east and a newer establised cafe in the west side of Singpapore.  Both cafes have loyal and good staff so owners don't need to be present.


Both cafes work on  5 day work week model. 


Why buy a franchise with no guarantee of success when you can for the same price buy a cafe that has guaranteed profit from the day you take over ? Furthermore, if you are enterprising and motivated you can grow the business further by considering food deliveries and catering for business meetings. In addition, this is a business that can be franchised.


With lots more room for growth this F&B business is a rare find and suitable for people who are passionate about the F&B industry especially in the art of making local coffee and tea and selling of local cuisine. 


The sale includes everything you see at the cafes and we also recently extended the lease for our cafe in the east where we have been for the last 10 years, for another 3 more years.


Our asking price for both cafes is $360K negotiable. 


If you are keen to explore this business do call us for an informal chat !

Facilities

Good size cafe of 1,200-1,400 sq ft with sitting for up to 80 customers

Competition

No nearby competition

Expansion Potential

Can franchise this business

Buyer Support & Terms

Support and Training

Self running but owner prepared to give a one month's training to buyer without experience

Background & Skills

Someone with F&B experience would be advantageous but not required
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