This business was startup by a legal and financial professional in early 2022 where the covid measures were still in place and while they were working from home, this establishment was intended for them to meet their clients here at Jalan Kayu. As the pandemic ended and the owners had to report back to office, they can only manage the place after 6pm. The whole daytime has gone to waste. They are currently overwhelmed by their day jobs that they decided to sell this business.
This business is located within a private and HDB housing enclave rent of SGD12,000/mth has been fully paid till 30 Sep 2025.
Asking offer $298,000
Pre-paid Rental ($ 276,000)
Plant & Equipment ($ 16,404) as of 30 June 2023
Furniture ($ 7,500) as of 30 June 2023
Fitting and Fixture ($ 97,461) as of 30 June 2023
Excluded – all inventories are excluded in the takeover price.
Financing is available
Can accept $200,000 payable by installments at effective interest of 4.78%p.a. over 20 months.
Deposit = $98,000
Monthly installment = $10,796 over 20 months.
The reason for them to let go of this business is they do not have time to grow it as can be seen that the place is only operating from 5pm till 12am.
Average turnover per month $35,000.
Average net earnings $6,000
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