Question:
Do you dream of running your own business, but the startup phase seems daunting? How about acquiring an existing business that is already profitable and comes with it's clientale base?
Business Profile:
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)
For more information, please visit the webpage below:
https://www.feyday.com/businessforsale/popular-f%26b-chain-for-sale
What do you need to do?
- Assess businesses that interest you
- Acquire the business the fits your criteria and skillset. (Using your own resource)
- Learn from the existing owners on how to operate the business.
- Take over the business and operate it yourself.
- Grow the revenue and bottomline
Benefits of acquiring existing business
- Skip the product market fit and starting out phase. (High risk phase)
- Manage a profitable business right at the onset.
- Don't worry about office politics, retrenchment and lack of career progression.
Cost of being an acquiring business owner
- You will have to come up with the financial resources to acquire the business.
- Be prepared to work really hard for the dough.
- You are 100% responsible for the business outcome.
Check out our website today if you are looking for business to takeover! Please visit: https://www.feyday.com
Macgyver Ng Teow Poh
EA License No: 23C1562
Registration ID : R1113526
