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Businesses For Sale   >>   Singapore Businesses For Sale

Extremely Profitable Food & Beverage Business

Location  Singapore
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $2000000
Net Profit / Cash Flow  $500000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2011
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  1 month
Reason for Sale  Running other businesses + too busy to manage + frequent travels out of Singapore

Description  
- 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


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