Singapore

Post Ad
Listing Id: 19498 Last Refreshed: 12/06/2020 Total Views: 1533

(Expired)3 Storey Cafe, Event Space And Art Gallery For Takeover. Super Cheap Rent

Central AreaArt GalleriesCoffee Shops and CafesOnline Shops
Asking Price: Price On Request
  • Premise Type Commercial Street Premise Size 3300 sqft / 307 sqm
  • Monthly Rental S$9,500 Rental Desposit S$28,500***
  • Revenue S$50K - 100K Liability N/A
  • Gross Profit N/A Net Profit S$10K - 20K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff N/A
  • Established N/A Source Direct Seller
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price
Daryl

Reason For Sale

Shareholders decided not to continue, lack of resources and shareholders have own liabilities to clear.

Description

Low cash outlay can be discussed.
3 storey cafe and events space next to CBD for takeover. Very low rent rates for CBD area.
Comes with Great branding and ambiance done by agency complete with website and online e-commerce site.
We also have marketing decks and our own line of retail products. Good traffic and walking crowd.
High rank on trip advisor with a strong social media presence.

High-end equipment such as rational oven, WBC standard coffee machine and grinder (Victoria arduino) and many other assets fully paid for. 30k deposit with landlord, which you can get back from Owner.

We decided to sell our place as we lack resources to sustain. We have build a great café with an excellent work culture, staff and a community of regulars around the area who come from nearby offices, ad agencies, WeWork and JustCo, which is around the area. We felt it’s a pity to let the past 2 years of brand building and investments go to waste.

Most importantly, we can’t bear to see our staff go jobless as have been with us for a long time. Thus, Please reach out for further details and to discuss @96211285

Revenue data, asset lists available only during meetups.
Cash in bank, future rent rebates and staff support grants included in sale.

Property Information

Rent
Premise Status
/

Just a moment... we are processing the request