Franchised Brand-New Italian, Gelato Cafe for Takeover

This is a turn-key business with $350,000 capital. This Italian Cafe has an open concept and is a new, beautiful establishment at a superb location in a popular mall. The franchisor has done all the renovation, recruitments and trainings of staff. The business has been running for 2 months and has a 30-seats capacity. Due to family issues, the current owner can’t continue to run this business and hope to find an entrepreneur to take over and continue this very promising restaurant. The asking price is $290,000; however, there is an additional refundable-5 months-rental deposit of $74,000.

Equipment include:

2 Freezers, 2 Orion gelato display cabinet, 1 chiller display, 1 chiller cabinet, La Cimbali coffee machine, cone making machine, 1 coffee bean grinder, 1 Decaf bean grinder, 1 Commercial blender, 1 Waffles making machine, 1 Pizza Oven, 1 Panini Grill,1 Coffee cold brew tap and accessories, 1 Fondue fountain, 1 Dish washer, 1 ice maker, 1 ice bin.

Price

S$170,000

Location

Pasir Ris

Revenue

S$360,000

Net Profit

Break even

Net Asset Included In The Sale

-

Company Type

Private Limited

GST Registered

No

Years in Business

Since 2015

Why Did We Set Up

Superb franchise model

Owners Role

Managing

Owners Background

Businesspeson

Our Achievement

Good Reputation

Our Customer

Many, all ages

Our Competitor

Few in the mall

Manager

1

Full Time

3

Part Time

2

Premise Size

800sf

Lease Term

2 years

Rental

S$14,000

Trading Hours

10am - 10pm

Training By Owner

Yes

Relocatable

No

Reasons For Selling

Family Issues

Cash For Expansion

Nill

Back Up Cash

Nill

Staff Staying

Yes

Training By Owner

Yes

Expansion Potential

Yes

SOLD

Business Enquiry

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