Malaysia

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Listing Id: 14099 Last Refreshed: 07/05/2019 Total Views: 13612

(Expired)Takeover Bistro Bar (2 Storey Shophouse)

Central AreaPUBs
Asking Price: S$100K - 200K
  • Premise Type N/A Premise Size
  • Monthly Rental S$10,000 Rental Desposit S$20,000
  • Revenue S$20K - 50K Liability S$0
  • Gross Profit S$10K - 20K Net Profit S$5K - 10K
  • Stock S$6,000*** FFE S$35,000***
  • Payable S$0 Receivable S$35,000***
  • Owner Role Investor Staff 0
  • Established 2017 Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Quek Wei En James

Reason For Sale

owners would like to explore other area of f&b sector

Description

NOTICE: Due to overwhelming interest, the new offer for takeover with all licenses and facilities as listed below is at 140k (slightly negotiable for genuine prospects)

Lease duration 2+2yrs start 12jan 2018
Monthly rental 10k
Security deposit 20k
Average monthly revenue - up to 40k/month
Average monthly profit - 5k-10k/month
points to note:
pacbev sponsorship - 35k, 12k a&p, 23k in beer and incentives (San Miguel & Black Cab)
POS System - Epoint
Kitchen setup - chiller + custom work tables (2 nos) + chest freezer + lava stone griller (faulty)
Renovation - electrical & plumbing, minor renovations to both floors
Bar setup - bar counter, bar equipment, glassware, bar tools, liquor supplies
Furniture - tables and chairs L1, bar tables and stools L2, 2pc sofa set
Marketing done in collaboration with radio stations such as 91.3, 98.7, 100.3
Marketing email leads (approx 10k)
Facebook page - 1.2k follows, max 20k reach and 3k+ views on a single post
Participation:
Singapore garden festival @gardens by the bay (21july - 3aug)
Market on wheels @amk hub (6aug - 9sept)
Live account with iswitch (electricity retailer), $0.1655/kwh (current price is 0.23xx/kwh) fixed for 2 years
Functional kitchen exhaust system, air conditioning units, portable grease trap in kitchen (NEA approved)
Licenses to be transferred within 3-6 months after takeover
NEA food shop license
SPF liquor license (beer & liquor, 6am-12mn)
URA change of use approval for f&b
SCDF 2hr fire rated (L1 only)
Reason for selling: owners would like to explore other areas of f&b sector.

Business Operation

12pm-12am
Business Hour
highly scalable business model
Expansion Potential
will recall existing staff back to work if buyer requires staff. otherwise you are free to recruit your own staff
Support and Training
Yes, seller financing is available.
to be discussed during negotiations and upon confirmation of takeover
Seller Financing

Property Information

Rent
Premise Status
2+2 begin 12 January 2018
Lease Term
2 storey shophouse
Premises Details
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