Listing ID: 14306
Total Viewed: 21822
Last Refreshed: 03/03/2019

Nice Chinese Restaurant with Long 6-Years Lease for Takeover

Central Area, Singapore

Asking Price : S$500K-1M

Revenue: Above S$1M

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2006

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

Reason To Sell
Owner is aging
Business Description





Rarely available heritage Chinese restaurant brand with paid-up of > S$1M comes with fully operational ready and profitable business with dedicated staff. Founder is aging and would love to find new owners with passion and energy to continue running and improving the business with the brand, but strictly optional.

Cozy restaurant with good size 3,000 sqft for 100-160 pax with private rooms available. 

More than 250 recipes of Singapore Chinese favourite cuisine accumulated over many years, from local braised pork with soya sauce & bun, sambal kangkong, various prawns styles (cereal, kungpao etc.) to traditional Chinese Peking duck, roast chicken and specialty soups, and up market abalone, scallops, lobster dishes. 

More than 3,000 customers contact and building. Active facebook, google and website activities.

The business is generally self-running on a day-to-day basis with a full-time experienced restaurant manager.

Restaurant can be sold with no debt liability/no cash basis. 

$800K include Co's name, customers, recipes and staff. Founder can continue to be an ambassador/ consultant to the buyer.

Prefer to use your own brand? Takeover only without brand name asking $600K minimum. 

Rental currently below S$19K/mth with option to extend all the way to December 2024!

Buyer will have to be approved by the landlord, which we will assist.

Business Operations
Not Disclosed
Property Information
Premise Status:
Premise Size:
Rental Fee:
Premises Detai:
well presented, no renovation expected as a going concern.
Other Information
Expansion Potential:
Stable workforce with minimal management as owner aging; more can be achieved. Growing takeaways and deliveries. Capacity is available for more.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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