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MODERN COFFEE HOUSE & COMMUNITY HUB FOR SALE (SINGAPORE) BFB3672
Summary
Iconic café (Under Management) high foot traffic location with huge scope for further growth in an amazing community hub. 100kg coffee per week
Revenue
$40,000 pw
Rent
$2,400 pw
Expenses
$11,000 pw
Net Profit
$8,500 pw
Location Details
TBA
Location Details
Two leased buildings side by side in a busy community shopping strip with 90 percent local patronage. Rear Lane access for deliveries and ample of street parking.
Potential
For 20 years, the area’s “go to” place for award winning coffee and food. Current owners for the last 8 years, presenting an outstanding opportunity for the next owner to step into an unbelievably well established business, already run by experienced staff. More immediate and untapped potential available through comencing delivery services such as Uber Eats etc and to offer catering to local private schools and businesses. A liquor license has not been sought with potential for the courtyard to be an the location for a beer garden/wine bar
Skills
Given that this business is basically under management, operational activities are primarily performed by staff. Potential buyers should have a head for business and preferably experience in operating a similar business.
Hours
Monday to Saturfay, 5:30am - 4:00pm
Sunday 6:00am - 4:00pm
Lease
Expiring in approximately 7 years, further options can be negotiated
Employees
Currently managed by a team of three plus a team of a further eight casuals the front of house operations with minimal involvement from the owner
Reason for Sale
Current owner retiring
About the Business
As stated, this business is the Jewel in the crown of cafes in this affluent area. A community hub is the only way to describe the vibe and the customer base is fiercely loyal to the brand. Offering unwavering support over, in some cases, decades of patronage. The current owners feel blessed to have the staunch support of such a wonderful community.
A straightforward operation, offering a breakfast and lunch menu plus providing easy grab and go items making it the destination of choice for the community.
Established for over 20 years, it presents an amazing opportunity for a new owner to step into a strong business providing fantastic financial returns.
This business is ideally suited to Owner/Operators or astute Investors.
• Taking $40,000+ PW
• Rent: 6% based on $40K takings per week.
• Established approximately 20 years. Current owners since 2017
• Established in a popular strip shop
• Simple Operation
• Approximately 7 years left on current leases with opportunity for renegotiation extensions.
• 40 seats inside and 60 seats outside
• Enormous Growth Potential
• Same owners for nearly 8 years now considering retirement.
History
For 20 years, the area’s “go to” place for award winning coffee and food. Owned by the current owners for the last 8 years this business affords an outstanding opportunity for the next owner to step into an unbelievably well established business, run by experienced staff.
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