- Company's business comprises of two highly profitable industrial canteens.
- Both locations leased from government agencies on perpetual 3 year rolling leases
- One is about 3000sqft and the other is about 4500sqft including ORA
- Both places cheap rental at only S$3,000++ each
- Company business turnover for 2012 exceeds S$1.8 million from the operations of both drinks stall only, and expected to exceed S$2 million in 2013 and beyond. This figure DOES NOT include rental income from stall tenants
- Very high gross profit margins for drinks stall.
- Additional rental income almost S$200,000 per annum in 2012
- Both outlets classified as GOLD OUTLETS by Coca Cola Beverages Pte Ltd.
- Contracts with major liquor supplier Asia Pacific Breweries with high CASH rebates
- Has obtained approval for sponsorship from suppliers for future expansion of business
- Debt Free and NO liabilities
- Daily sales figure S$5,000 ~S$5,500, VERY PROFITABLE (sales receipts provided)
- Future MRT station coming up within 500 metres of one canteen
- Good reliable Point-of-Sale (POS) system, CCTV installed, inventory system
- Easy to manage the business, providing a consistent stream of passive income
REASON FOR SELLING:
Running other businesses + too busy to manage + frequent travels out of Singapore
Asking price of S$2.2 MILLION which includes taking over the entire business with full assets, inventory and accounting system. Price is negotiable but will not go down too much as it is a FULLY PROFITABLE and healthy CASH business with endless flow of customers daily. LAST OFFER OF S$1.6 MILLION IS REJECTED. OFFERS FROM SERIOUS BUYERS ONLY.
* Sale INCLUDES all physical assets and fixtures at the canteen premises, takeover of ACRA registered company, company's goodwill, corporate branding, corporate logos, all employees, rolling stocks & inventory and all tenant rent