Year of Inception: 2012 TTM Revenue (Trailing Twelve Months): $2.45 million TTM EBIT: $558k Asking Price: SGD $1.4 million Reason for selling: Owner has other business priorities Seller Financing: Yes
Fey Day presents a popular F&B business for sale and it has started since 2012. The business is well-known for it's local Singaporean chinese style set meal and has gathered more than 1,000 reviews (4.8 / 5 on various platforms) They have 2 outlets located in Cental and East part of Singapore.
The affordable pricing provide access to the mass market, while ensuring a healthy operating profit margin (27%) in the F&B sector. Their dishes are considered mainstream choices for lunch and dinner, hence there are a lot of returning customers. They sell through dine in option and take aways via the common channels such as GrabFood, Foodpanda, Quandoo, Burpple)
The business is self-running, and the owner spends about 5 - 10 hours a week handling the adminstrative aspect of the business. This is a scalable business with room to improve the profit margin.
1. The receipe, entire operation team, lease agreement, operational know-how and intellectual property. 2. This will be an asset purchase. 3. Owner is willing to stay on during the transition phase.
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