We currently operate three restaurants in Singapore, two of which are located within the Sentosa area, while the third — the restaurant we are offering for takeover — is located separately in another district. As our two owners (both Italian) are now focused on overseas expansion projects outside of Singapore, we’ve decided to streamline our operations for easier management and efficiency. Managing one restaurant located far from our main operations would require continuous on-site supervision, which will be increasingly difficult as our key management team will be based abroad. For this reason, we have decided to transfer this particular outlet to interested parties who can dedicate their full attention to it. The restaurant has been well maintained, with renovations and fittings done about five years ago still in excellent condition. The current rental rate is below nearby market levels, thanks to a long-standing relationship with the landlord — we have renewed the lease three times under the same ownership. This is therefore an ideal opportunity for a buyer to take over a fully fitted, operational restaurant space with a favorable lease in place, without the need for major renovations or setup delays.
Description
Fully Fitted Italian Restaurant for Takeover — Prime Joo Chiat Location
An excellent opportunity to take over a fully equipped and operational Italian restaurant in Joo Chiat. The asking takeover fee is only S$100,000, inclusive of a fresh 3-year lease at a rent level significantly below nearby market rates. The current owners have maintained a strong relationship with the landlord, having renewed the lease three times over the years.
The restaurant was renovated about five years ago and remains in excellent, almost brand-new condition — no major refurbishment is needed. The space comes fully licensed and ready to operate, ensuring a smooth transition for any buyer who wishes to continue F&B operations immediately.
A key highlight is the Italy-imported pizza oven, which alone cost around S$50,000 to install and will remain on-site as part of the sale. In addition, most kitchen equipment, tables, and chairs will be included, allowing a new operator to avoid the high setup costs and long renovation timelines typically required for new outlets.
The restaurant sits directly opposite a public car park, offering excellent accessibility and visibility. It was also one of the first establishments to open in this area, securing a prime frontage location. The restaurant name has been present in Singapore for over 15 years, and buyers who are interested in continuing under the same branding can discuss this separately with the owners.
This is a turnkey opportunity — ideal for operators looking to start quickly with minimal setup cost, in a strategic and established neighborhood.
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