Listing Id: 4809
Total Views: 13749
(Sold) Rare ! Profitable HDB Coffeeshop For Assignment ! Call 90670575
Geylang
Date Closed: 11/02/2019
Asking Price: S$1,200,000
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Full Time
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Staff
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Established
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Source
Broker
Reason For Sale
owner is retiring
Description
Rarely available ! HDB Coffeeshop for Assignment (Takeover). HDB is the Landlord of the property.
Paya Lebar area (near to Mcpherson MRT) coffeeshop facing the main road, behind a bus stop. Good frontage and good location. 4 + 1 stalls.
HDB monthly rental only $4500 (Can't get this kind cheap rent from private landlords !!!)
Rental collections from the 4 foodstalls are $10,000/- monthly (this is old rental, market rate rental should be adjusted from $5k to $10k more)
Drinkstall's revenue monthly is more than $30,000/-.
Estimated net profit monthly $20,000 plus. Pls take note, the net profit is not maximised yet, easily $5k to $10k more per month.
Assignment fee $1.2 million
Interested parties pls call Vincent @ 90670575 now !!! Thanks !
France