Turnkey Restaurant (brand new kitchen equipment and dining furniture)Listing: #OR00476
About this Business for sale in ParanaqueTurnkey Restaurant (brand new kitchen equipment and dining furniture)
Restaurant was incorporated with the SEC in 2019. The restaurant offers fast casual dining anchored on variations of a Filipino favorite. The owner is not new to introducing, and successfully growing, a new concept. Aside from this proven expertise, owner engaged a known chef to develop the menu. Owner also engaged an architect from an award winning firm in hospitality projects.
The restaurant is in a mall with an area of close to 140 square meters. The lease includes an additional 30 square meters of outside seating. Minimum rent is P 175,058 a month. However, current rent is fixed at P 11,606 based on P 70 per sqm for CUSA.
As of April 30, 2021, total investments were P 6,658,856. Construction and installation accounted for 50% of total investment. Investment also included P 1,248,926 in security deposit. Note the security deposit is not included in the sale. Other investments are P 1,181,772 in furniture and equipment, P 619,828 in equipment, and P 279,081 in kitchenwares and utensils.
The trademark has been registered with the Intellectual Property Office of the Philippines with a term of ten years, ending in November 2029.
Grab this opportunity to continue this concept without going through the hassle of concept and product development, permits and licenses, architectural and engineering designs, construction, etc. You are starting with new kitchen equipment, kitchen wares, and utensils. Expect minimal additional investment to start operations. The Seller is willing to assist in the transition.
Or buy the whole setup and tangible assets and develop your own concept and save time and money.
Improvements completed just before the March 20 lockdown. Owner focusing on other businesses. Owner’s marching order, strike a deal! Call now!
+63 2 7900 8000
+63 917 887 4539
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.