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Takeover Only Coffeehouse Bistro In Katong For Sale

Katong
Asking Price:
$35,000 (SGD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

~ Dreams don't become reality unless you act! ~

Ready to start your own F&B biz? Premise available for immediate takeover. NEA-approved layout & infrastructure. Ample parking.

Please read thoroughly before asking the same questions --

FAQ:
What is the size?
• This is a 2-unit premises.Total size 1620 sq ft incl. al fresco seating area and kitchen (kitchen takes up 1/4 of the total area).

What is the space suitable for?
• Suitable for bistro / cafe / restaurant / bar.
• The big space allows you to host events and parties. Total capacity 60-75 pax for a cosy, intimate setting, and can readily hold 110 pax for a standing cocktail party.

What does the price include?
Asking price $35,000, inclusive of:
• furniture and fixtures (valued at $34,000 after depreciation, as at 15-9-2018)
• non-perishable inventory and stock (valued at $24,000 including retail stock, AS AT 15-9-2018)

What are the furniture and equipment included?
• dining area: solid rubberwood tables, chairs, cabinets, air-cond, lighting.
• kitchen: stainless steel worktables, shelves, stoves, ovens, refrigerators, freezers, exhaust, grease trap.
• bar: coffee machines, blender, juicer, refrigerators, freezer.
A full list of assets will be provided upon request.

Is the restaurant NEA-compliant?
• Yes. The unit is URA-approved for use as Restaurant on permanent permission. Grease trap, plumbing, exhaust hood, flue duct, and all other requirements are in place. In terms of hygiene grading, we have scored straight A's for the last 13 years.

Are the brand, logo, clientele, social media following, & recipes for sale too?
• No.

Why not?
• Because we think most people may prefer to set up their own concept and menu.

However ~~ if you do see the value of branding built up over 12 years, active licences, insurance (paid up until 2019), and related intellectual property like menu recipes, catering recipes, clientele database (newsletter subscribers and social media accounts), website, online ordering & delivery partnerships, logo, and two full-time staff...
then make us an offer we can't refuse, by 15-NOV-2018.

We can provide two months of handover/training, comprising one month hands-on followed by one month remote support
(p/s: We are still profitable to this day. Last fiscal's year's net profit was $91k.)

More info:

TAKEOVER FEE includes everything as is: all furniture, fittings, equipment, machinery, retail stock, utensils, crockery, cutlery, etc.

CLIENTELE:
• Couples, families, social groups, and working executives.
• Good mix of locals and expats.
• Popular with pet owners and animal lovers.

SETUP:
• current kitchen setup is for both Western and Asian cuisine.
• kitchen area is spacious (~200 sq ft)

ASSETS (all have been replaced or upgraded in the last 3-5 years):
• Solid rubberwood tables and chairs, custom-made wooden cabinets.
• Grease trap, exhaust hood, flue duct, wash basins.
• Chillers, freezers, display fridges, custom-made steel racks.
• POS machine.
• Ceiling cassette air-con, wall unit air-con, fans, lights.
• Stoves, ovens, deep fryers, toaster.
• Coffee machines, blender, juicer.
• Catering equipment.
• Stainless steel cutlery, solid crockery, electrical appliances.

WELL-KNOWN:
• Current occupant has been in the same spot for 13 years, so patrons already know there is food available here.

LEASE:
• Very reasonable mid-range 4-figure rental (unheard of for 2 units!!)

More photos available upon request. Viewings and meetings can be arranged at any time.

Further information available upon request, please contact seller using the form on this page for more details.

If interested please contact the seller through the form below.

Property information

Real Estate:

Lease

Lease Terms:

Yearly or can lock down 2-3 years, you can discuss with landlord. Very reasonable, 4-figure rental (unheard of for 2 units!).

Leasehold Rent:

$65,000 (SGD) per annum

Location:

• Tranquil, mainly landed property and private condominiums.
• Surrounded by pet-centric businesses: renowned veterinary clinic (est. 1979), canine hydrotherapy & rehab centre, pet groomers, pet supplies & accessories.
• Kindergarten, children's tuition centres, toy store.
• Situated in the centre of Joo Chiat, Marine Parade, Siglap and Kembangan.

Premises Details:

TAKEOVER FEE includes everything as is: all furniture, fittings, equipment, machinery, utensils, crockery, cutlery, etc.

• Rustic, homey decor. Two ground floor units combined.
• Regularly used as filming location.
• Gallery-quality railing tracks installed on two walls for hanging artwork of any size.
• Indoor dining area air-conditioned.
• Al fresco area is sheltered, naturally breezy and equipped with fans.
• Large seating area -- indoors 75 pax + al fresco 32 pax.
• Suitable for hosting cosy intimate gatherings, as well as large-scale parties (readily holds 110 pax for a standing cocktail party). e.g. birthday parties, baby showers, wedding solemnisation.
• Spacious and fully-equipped kitchen; exhaust and grease trap installed and regularly maintained.
• Ample storage space for goods and restaurant supplies.

Size in square feet:
1,620
Planning Consent:

URA-approved for use as Restaurant on permanent permission.

Business Operation

Competition / Market:

Healthy. Nearby eateries: local coffeeshop, pub, Japanese, Korean, prawn noodles, etc.

Reasons for selling:

Retirement.

Years established:
13

Other Information

Furniture / Fixtures value:
$34,000 (SGD) - included in the asking price
Inventory / Stock value:
$24,000 (SGD) - included in the asking price

Contact Information

    1. Your Address

    2. Optional
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