Singapore

Sell a Business

Listing ID: 16922 Last Refreshed: 03/09/2019 Total Views: 2598

Established Cafe & Restaurant For Immediate Takeover

Bukit Timah

Asking Price: S$25,000
Established Cafe & Restaurant For Immediate Takeover
  • Premise Type Shopping Mall Premise Size 630sqft
  • Monthly Rental S$4,781 Rental Desposit N/A
  • Revenue S$40,000 Cash Flow N/A
  • Gross Profit N/A Net Profit S$5,000
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established N/A
  • Owner Role Part Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
charles yoshida
Email Owner

Reason For Sale

This outlet doesnt fit our new Corporate Strategy and direction

Description

PLEASE READ THROUGH BEFORE CONTACTING US.


The name of this Cafe is Rise & Grind Coffee (See www.riseandgrind.co for more details)

And we are selling away the Bukit Timah Plaza Branch here.


This place is very popular with family residents and students around the area. 

Serving wide spread of food ranging from breakfast, brunch, burgers, pastas, main courses and desserts. 

We are especially know for our brunch menu especially during weekends.

Well established cafe in the neighbour with many regulars and repeat customers.

Strong delivery business with GrabFood and FoodPanda.


We are selling this outlet WITHOUT our branding.  (meaning any buyer needs to use his own branding name)

We are willing to share our recipe for all the food menu items we have to the new owner.


We have been operating in this premise for more than 5 years profitably.  So, it's great for someone who wants to start their own cafe.

Complete renovation ready for take over c/w exhaust, La Marzocco coffee machine and coffee grinderand complete list of kitchen equipment in good condition. (Detailed Asset List can be provided for genuine buyer)

Fully fitted, furniture,etc.  (Although some of the fittings and furniture is alreadty worn out and needs refittings)


Rental deposit not included in the selling price.


Reason for selling

We are re-strategizing our branding as a heartland cafe (with plans to open our new outlet in another HDB Heartland).  This unit at Bukit TImah Plaza is also too small for the new menu offering we intend to offer, and the kitchen space is just too small.



Basic financials 

Average Monthly Sales : $35,000 - $40,000

Average Monthly Net Profit: $4,000 - $8,000 (Before owner distribution)


Tenancy Details

Monthly Rent (including Service Charge) :- $4,781

Tenancy expiring in Jan 2020 but landlord is opened for renewal.  (Quite probably, we are confident to obtain the renewal at the same price or no more than 5% adjustment)


Staff Details

3 Kitchen Staff (1 Singaporean PR, 2 Malaysian)

2 Full Time Service Crew/Barrista (1 Dependent Pass with LOC, 1 on Employment Pass)

2 - 3 Part Time Students Service Crews

Our address can be found on our website (www.riseandgrind.co)

If you like what you see (after viewing), then we can arrange to discuss further.


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