Chinese Restaurants Business For Sale

Ad ID: 13517
9896
Chinese Restaurants Business For Sale

Overview

Description

πŸ’½ 2 outlets


πŸ’½ Business Outlets

❇️ Orchard area:

πŸ‘‰πŸΌ 2015

 πŸ‘‰πŸΌ Approx. $400K renovation inclusive of equipment

πŸ‘‰πŸΌ Monthly rental - $40K πŸ‘‰πŸΌ 2200sf

❇️  Petir Road / Bt Panjang area 

πŸ‘‰πŸΌ 2017

πŸ‘‰πŸΌ Approx. $400K renovation inclusive of equipment

πŸ‘‰πŸΌ Monthly rental - $38K

πŸ‘‰πŸΌ Approx. 2600sf


πŸ’½ Estimated yearly gross profit

- net lost $20K - $30K (past 1 year)


πŸ’½ Estimated monthly

gross revenue - $100K per month per outlet

 

πŸ’½ Estimated yearly - $1.2M per outlet


πŸ’½ Monthly total cost slightly above $100K per outlet 


πŸ’½ Any director fee

πŸ‘‰πŸΌ $10K


πŸ’½ How many directors in the company ?

πŸ‘‰πŸΌ 2 


πŸ’½ Director’s involvement in the business 

πŸ‘‰πŸΌ minimum


πŸ’½ Staff :

πŸ‘‰πŸΌ local - 25 - 30

πŸ‘‰πŸΌ foreigner - 10 - 15


πŸ’½ Reason for selling 

πŸ‘‰πŸΌ Lack of time to manage the restaurants  due to other commitments 


πŸ’½ Open for joint venture with new investor ?

- No


πŸ’½ Selling price  - View to offer 


Thank you & blessings 



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