(Sold) Western Cafe Business For Sale @ $1.8M

Overview

Premise Type
Premise Size
Monthly Rental
Rental Desposit
Revenue
Liability
Gross Profit
Net Profit
Stock
FFE
Payable
Receivable N/A
Owner Role
Staff
Established
Source

Reason For Sale

owner has other commitments

Description

Established Western Cafe biz for sale
💽 4 outlets :
1)
📌 Kampong Bahru Road
📌 Lease till nov 2019, option to renew another 2 years
2)
📌 Prinsep Street
📌 Lease until June 2021
3)
📌 Near Raffles MRT station
📌 Lease to be renewed.
4)
📌 The Concourse Skyline
#01-04/05
📌 Lease until Nov’2020
💽 Nett assets as of 2017 - $1,050,000
💽 Yearly Revenue - $3,900,000
💽 Nett profit before tax - $380,000 annually
💽 Directors salary $260,000 annually
💽 Audited nett assets
$484,786
💽 Sale price non negotiable
👉🏼 $1.8M for whole group (sellers fully exit)
👉🏼 $1M to buy 50% shares in the company, out of which $500,000 will be reinvested in the company.
💽 Seller’s have offers to open in SGH and Changi Jewel.
-substantial funding needed

(Sold) Western Cafe Business For Sale @ $1.8M

Central Area

Date Closed: 19/09/2020

Overview

Reason For Sale

Description

Buy a Business

Buy a Franchise

Commercial Property

Sell a Business

Businesses Wanted

Business Brokers

Resource