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Listing Id: 29914 Total Views: 2616

(Sold) Bistro Restaurant For Takeover

Queenstown

Date Closed: 29/07/2024

Asking Price: Price On Request

Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Other comMitments

Description

BISTRO RESTAURANT for takeover

πŸ’½ Establishment
πŸ‘‰πŸΌ June 2023

πŸ’½ Address of business operation
πŸ‘‰πŸΌ Oppsite Haw Par Villa MRT station

πŸ’½ Shop/biz operation :
πŸ‘‰πŸΌ monthly rental $44,670.60
πŸ‘‰πŸΌ subject to GST
πŸ‘‰πŸΌ approx 5,382 sqft
πŸ‘‰πŸΌ balance lease approx 2 years and 2 months
πŸ‘‰πŸΌ cost of renovation $1,000,000
πŸ‘‰πŸΌ renovated about half year ago

πŸ’½ Yearly estimated gross revenue
πŸ‘‰πŸΌ $3,600,000 (2023)

πŸ’½ Yearly estimated gross expenses
πŸ‘‰πŸΌ $2,400,000 (2023)

πŸ’½ Staff : 13
πŸ‘‰πŸΌ local - 8
πŸ‘‰πŸΌ foreigner - 5

πŸ’½ Operating hours:
πŸ‘‰πŸΌ Monday - Saturday
5pm to 1am
πŸ‘‰πŸΌ Sunday 5pm to 11pm

πŸ’½ Selling price - $1.35M negotiable
πŸ‘‰πŸΌ inclusive of
πŸ“ brand name
πŸ“ staff (if they are willing continue job with the new biz owner)
πŸ“ customers data
πŸ“ facebook/instagram/google account
πŸ“ all fixtures, fittings, equipment & products inside the shop

πŸ‘‰πŸΌ not inclusive of
πŸ“ rental deposits
πŸ“ deposits for SP Services, telephone, wifi & other deposits


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