Business opened in mid-February, official opening was on the 24th Feb. Featured on Tatler for Top 5 Cafes to visit in Singapore (https://www.tatlerasia.com/dining/food/new-cafes-to-visit-in-singapore), 276 Followers on Instagram (https://www.instagram.com/gardenofsecretsss/), a storefront on Google Maps (https://maps.app.goo.gl/jsqGU9gs3f7kLY8A7).
Cafe is fully functional with equipment ready. Currently 2 full-time employees hired: Cafe Manager and Cafe Manager Assistant. Approximately 6 Part-Timers hired. SOP and menu still fine-tuning. Currently, has a 1-year contract for pest control active beginning March 2024.
Most equipment are on lease with a F&B machinery rental company. Items that are owned are as follows: Stand Mixer STAGG Kettle X2 50 French Presses A large variety of cutlery and wares (including saucers, mugs, cups, bowls, plates) Inventory of retail items (including: hair dye, cups, mugs, saucers, bowls, plates, tarot cards, manifestation journal) IKEA shelving Countertop (affixed to ground) Ice cream display machine (adapted for pozetti use) Inventory of alcohol including spirits, wine, and pre-mixed cocktails Inventory of soft drinks Plants, and planter boxes Seating furniture Tables Projector Projector Screen Tiles for countertop Rugs Ice Boxes Surface Pro (POS) Receipt Printers Gachapon Machine Lighting Dehydrator
Estimated value of money paid for owned goods: $38.6K Rental paid: $27.2K Deposit for rent: $20K Deposit for equipment rental: $2.1K Total investment by current founder: $85.3K
Expect to pay the following: Monthly rental: $10,000 +GST Equipment rental: $800 +++ Overhead: $10,000
Reason for selling the business: unable to carry financial strain as the company is currently making losses. Main issue with the business plan was the marketing section, and a lack of manpower to cover all bases. Other main issue would be lack of finances, and ability to finance.
Business Operation
As mentioned in description
Facilities
Fierce competition in the area as there are many cafes, bars, and gelateria nearby.
Competition
Could become a franchise eventually.
Expansion Potential
Related recipes are provided in the recipe booklet. early SOP framework can be handed over.
Support and Training
Property Information
2 years until January 2026
Lease Term
2 units co-joined shophouse with a nice balcony, on the 2nd floor nearby an assortment of parking spots.