BIZ - FnB

Restn for low Takeover
(Can try takeover fee of $45k only)

*   Chinese Rstn
*   very strategic location 
*   at City Outskirt
*   Sale b'cos Owner retiring

*  about 2,800 sft (its sizeable)
*   have about 8 staff
*   seat capacity of 60-100#
*   Easy & big Car Park
*   MRT is walking distance 

*   have 2 separate entrances 

*   current rent is $12k pm
*   Revenue about $550-630k/yr

The Benefit
*  The place is big; 2800 sft
*  Rental is relatively cheap for such size & loc
*  Can accommodate 100 seats
*  Easy & big car park offer a huge convenience
*  MRT is short walking distance
*  The Landlord is a big, established corporate;
    thus rental rates will be stable
*  Ready employees, Biz on-going Biz
*  Big developments in surrounding areas
*  2 diff entrances allows for 2 diff Cuisine/ Concepts
*  Takeover Fee is low & can be negotiated
*  The Vendor willing to guide the Buyer
There's huge potential to improve revenue with current capacity & rental cost

The challenge; the place need renovation
Thus, we could nego rental with landlord for low rent on long term lease;
savings about $5-7k/mth & $4-5k and $2-3k on each lease terms.
If the lease based on 3+3+3yrs; tenant may save at least $180k + $154k + 72k = $406-500k over the 9yrs lease
Thus, the tenant is likely to recover the renovation cost in the 1st term itself

Wanted Direct Buyers!

Rdgs, KESH, +65-9009-9036
Biz-Venturist, BizMerger