Profitable Korean BBQ restaurant in Central Location, Singapore

Established for 12yrs.

Profitable Korean BBQ restaurant for takeover in Central location.
Average revenue is over $500k a year, 30% nett profit margin.
Offer Korean and Chinese cuisine.

Good location with high tourist foot fall and locals.
Rental at 6k per month, lease till 2024.

Engaged social media agency to manage FB and IG till Dec 2022, forward spent $10k. Refresh exterior and interior, equipment spent $15k. Exhaust system setup for BBQ and kitchen cost $50k. Renovation, furnishing and fittings cost $50k. Total Cost already $125k so you are only paying $55k for a profitable business. No worries in terms of revenue from Day 1 in comparison to setting up a new restaurant.

What is included in this sale?
Customer Relationship Management system in new POS. Strong regular based customers with contact number which u can send SMS.
Social media contract till Dec 2022, I’ve already forward invest close to $10k.
Manpower to be transferred to new owner.
Korean and Chinese recipes to be provided.
I will help new owner for 1 month during the transition period.

Contact me at +65 84686755

Singapore is a great country to do business. Be your own boss by taking over an existing business than starting a new business if you are unsure how to start a company. Business for sale in Singapore is your best choice and you can look for our business broker for assistance or business advisor to advise you further in your business needs.