Singapore  Singapore

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Listing ID: 2408 Last Refreshed: 25/05/2021 20160 Views

Profitable entertainment venue Company With High Growth Potential

Asking Price <span class='currency'>S$</span>50,000
Central Area Amusement Arcades Recreation Centers Entertainment and Leisure Businesses
Business For Takeover
1 / 3

Overview

Financial Performance

Annual Figures
Revenue
S$20K - 50K
Gross Profit
Not Provided
Net Profit
S$5K - 10K
Monthly Rentalt
S$10,000

Operations & Ownership

Staff
5 Employee
Year of Incorporation
2013
Owner Role
Full Time

Property Information

Premise Status
Rent

Operations & Growth

Information provided by the seller

Reason For Sale

Owner moving onto other business.

Description

Coffeemin Time Cafe

The first time based concept cafe in Asia. Concept and business innovation has been quoted in textbooks for business schools. Successfully fend off competition and become one of the top venues for consideration for events such as team building, baby showers, gatherings and occasions, hosting over 2000 events since 2014. More details on the company can be found at www.coffeemin.sg

Pre-covid, the company is a high cash flow business with average monthly revenue exceeding SGD 25000 and net profit between SGD 5000 to SGD 10000. The company has no debt or liabilities, and has built up a strong presence via word-of-mouth and walk-in experiences. The business is very simple, and has an average of 14 events booking without any marketing. This has great potential to become a Singapore chain of entertainment venue once the pandemic is over.


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