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#Business ID: 13062

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Popular Concept Cafe in the Heart of the CBD District

Business Location: Tanjong Pagar, Singapore

Asking Price: BUSINESS SOLD Revenue: SGD 210,000 Cash Flow: SGD 85,000

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

A rare opportunity to run a profitable, cosy bistro/cafe in the heart of the CBD, Tanjong Pagar.

The cafe is located just 2 mins walk from the MRT exit, in the middle of many commercial buildings and offices. We are also located right beside a popular Korean coffee chain, complementing the cafe with a good mix of office crowds during lunch hours and youths. Furthermore, we enjoy good flow of patrons during dinner periods as our location is in the convenience of a residential building right above our cafe. There is also very strong growth in the area due to the many new residential and commercial buildings coming in the near future.

Full house capacity is often seen daily during lunch hours which ensures guaranteed sales everyday and due to the low rental rate and the small area of the bistro, overhead expense is easily covered, ensuring decent profits even in low season periods.

Being the only concept cafe bistro in the area and our long existence of 3+ years, we enjoy a strong core of loyal customer base who enjoy dining in the cafe. We also have a few well known dishes which have won many good reviews and accolades. Online reviews have also been very positive on our branding and image of the cafe.

We also have many frequent deliveries of corporate orders from the offices in the area.

Property Details

Size:

355

Years Established:

3.5 years

Property Type:

Lease

FF&E:

SGD 50,000

Inventory Value:

SGD 10,000

Real Estate Value:

SGD

Other Business Details

Business Location:

Tanjong Pagar, Main Road Facing, Beside residential entrance door.

Premise Details:

A 22 seater capacity with bar counter and fully equipped kitchen. Shop is fully furnished and decorated accordingly to a cosy, comfortable ambience.

Expansion Potential:

Strong Branding achieved within the area. Standard operating procedures for operation, recipes, inventory control and suppliers are available thus expansion is viable.

Planning Consent:

Approved for F&B operations

Business Operation Details

Employees:

6

Trading Hours:

10a.m-9.30p.m

Support & Training:

3 months consultancy will be provided free. Recipes and training for food items and beverages will also be provided. Key Supplier contacts will also be given. Procedures are clean enough for potential expansion.

Miscellaneous Details

Financing Available:

Yes
Willing to assist in installment payment, more to be discussed in person.

Reason For Selling:

Business partner pulling out due to non core interest, looking to focus on other business areas.

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