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Listing Id: 31315 Last Refreshed: 31/03/2024 Total Views: 1190

Profitable Bakery For Takeover (Tiong Bahru)

QueenstownBakeries
Asking Price: S$80,000(Neg.)
Business For Takeover
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Overview

  • Premise Type Commercial Street
  • Premise Size 1550 sqft / 144 sqm
  • Monthly Rental S$10,000
  • Rental Desposit S$30,000
  • Revenue S$40,000
  • Liability N/A
  • Gross Profit S$20,000
  • Net Profit S$5,000
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 3
  • Established 2020
  • Source Broker

Reason For Sale

Owner wants to fully focus on his F&B Business

Description

Takeover profitable business, shop, and staff

- 1550sqf
- Rental $10k
- Balance Lease 1.5 year. Can sign new lease at $10.5k
- Rental Deposit $30k
- 3 staff (1 Malaysian / 2 PRC) Headcounts can be transferred to retain quota for staff
- Staff lodging provided
- Estimated Sales $30-40k, profit of 3-4k per mth
- Equipment and setup costs estimated at more than 300k

✔️Takeover Fee $80k negotiable (excludes deposit)

*Owner focusing on expanding his F&B business, hence wish to sell this bakery. However, there is room for improvement on sales if more marketing is done for their cake ordering service

Business Operation

All the bakery equipment, lodging, display in the shop (as is condition)
- Equipment worth $300k
Facilities

Property Information

1.5 year left, renew at $10.5k for another 2 years
Lease Term
Yes, it can relocate to other place
Relocatable
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