Australia

Post Ad

Listing Id: 16954 Total Views: 2980

(Sold) Successful Chinese Restaurant with 40+ Year Heritage. Profitable.

Central Area

Date Closed: 02/12/2019

Asking Price: S$728,000
  • Premise Type N/A Premise Size
  • Monthly Rental S$20,000 Rental Desposit S$60,000***
  • Revenue S$100K - 200K Liability N/A
  • Gross Profit S$50K - 100K Net Profit S$10K - 20K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Part Time Staff 8
  • Established N/A Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Inlcude in the selling price

Reason For Sale

Owner in his 70s. No successor.

Description

This restaurant is famous for its Chinese cuisine. Customers can expect to experience modern oriental and luxury dining ambience. The selection of dishes has won the hearts of many local and overseas customers with heritage stretching back 40+ years. The favourite dishes includes: Braised Pork with Steam Buns, Ngor Hiang Prawn Roll, Chicken Ginseng Soup, Prawn Ball, Golden Fried Rice and Yam Pudding.

This restaurant not only provides to the customers with a place of warmth, satisfaction and happiness as they indulge in the delectable dishes, it is also a place where friends, families and business associates meet- where the cuisine is genuine and where relationships are deepened.

Newly Renovated
The restaurant has been re-renovated and with a modern luxury oriental look. It has a open space with 100+ seats and 3 VIP Rooms. Estimated 3500sqft.

Location
This current restaurant is located in shopping & business park development. It is walking distance to MRT. The area houses companies, government agencies, retail outlets, and residential. Please approach us for more detailed information.

Place for Event
The restaurant has capability to host cooperate and private event. The restaurant has hosted multiple events a year. It is a great source of income for the restaurant.

For New Owner
As a new owner, you will be able to benefit from all the hard work and thought process put into this place. The kitchen has everything need by the chef to prepare made to order food and all event needs.

Great Potential for Franchise & Multiple Outlets
Good branding, good concept, good recipe and system in place. The new owner can easily franchise the brand (it is very well known). It is easy to replicate the success of this outlet to open multiple outlets in Singapore, even overseas.

About The Founder & Reason to Sell
The founder is in his 70s and planning to retire after 40+ year in the business. He wish to find a good buyer to continue the 'Brand Name' and the serve theirs many loyal customers. At his business peak, the owner has multiple outlets with more than 1000+ seats in total.

The owner will ensure a smooth takeover and willing to stay for months during transition period. He is willing to be the adviser for the new owner.

IMPORTANT*
New owner is takeover the 'BRAND', 'TEAM', 'CHEF' and 'RECIPE'

H&S Business Broker
Call & Text: 9753 4609
Email: info@hnsbusiness.com



Business Operation

Yes, this is franchise business.
Franchise
Yes.
Support and Training
Yes, seller financing is available.
Seller Financing

Property Information

Rent
Premise Status
3
Lease Term
Yes, it can relocate to other place
Relocatable

Just a moment... we are processing the request