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Restaurant for Sale in Singapore

Renowned prawn noodle shop in Singapore with annual revenue exceeding $1.1M and Michelin Bib Gourmand awardee.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 800 - 900 thousand
Run Rate Sales USD 1 million
EBITDA Margin 10 - 20 %
Industries Restaurants
Locations Singapore
Local Time 10:56 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.5 million (Native Currency: SGD 2,000,000)
Reason: The owner is looking to open an outlet with a different concept.
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
ACRA Certificate
Business Overview

- The business is a renowned prawn noodle shop located in Singapore, with annual revenue exceeding USD 1.1 million.

- The product and service offerings include prawn noodles, seafood poached rice, and a variety of local food items.

- The establishment has received extensive coverage from prominent bloggers and food critics in Singapore, enhancing its brand visibility.

- As a Michelin Bib Gourmand awardee, the business has garnered recognition for its culinary excellence and quality.

- On average, the shop serves approximately 350 clients daily, with about 20 to 30 orders received online, while the majority of customers walk in.

- The seating capacity of the restaurant can accommodate up to 60 customers at a time, providing ample space for dine-in patrons.

- Our 8 employees are efficient and experienced in handling the business needs.

- Business has an ACRA registration certificate to operate.

- The owner is open to sharing the recipes and all social media accounts of the business.

Products & Services Overview

Prawn noodles, seafood poached rice, local food.

Assets Overview

Physical assets include 15 tables and all equipment.

Intangible assets include recipes, and social media accounts of the business.

Facilities Overview

The facility is 2,100 square feet with a monthly rent of SGD 13,500, located on Macpherson road.

Capitalization Overview

- The business has 2 shareholders with 45 and 55 shares respectively.

- The business is self-funded but has an existing bank loan of SGD 800k.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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