Restaurant, Cafe, Food & Beverage Units for Sale Singapore

Food – One of Singapore’s Main Cultures

chef cooking restaurant space for saleFood is effectively a unique culture in Singapore as Residents seeking out good food and having great entertainment.  There are so many Asian types: Chinese (and various dialects), authentic Indian (North Indian, South Indian), Malaysian, Indonesian, Vietnamese.  Singapore has their own ‘creations’: chilli crab, chicken rice, rojak, bak kut tech, Peranakan, etc.  With the influx of foreign executives and workers, there are ‘home comfort food’ respectively such as Japanese, French, Australian, American, Russian and Brazilian.

New Property Launches

Hexacube

  • Changi Road

  • Wealth Development

  • DP Architects

  • Rare Freehold Ground Level at Eunos
  • Mix of Offices, Shops, Restaurants
  • Near Eunos / Paya Lebar MRT Station

Trio

  • Sam Leong Road

  • Unique Commercial

  • P&T Consultants

  • Rare Freehold Units at City Fringe
  • 2 Levels of Basement Carparks
  • Near Farrer Park MRT Station

Longhaus (Single Buyer for All F&B Units)

  • Upper Thomson Road

  • TEE Ventures

  • Metaphor Design + Architecture

  • Rare Freehold Level 1 at Upper Thomson
  • Mix of Residential, Shops, Restaurants
  • Near Marymount / future Upper Thomson MRT Station

Royal Square at Novena

  • Irrawaddy Road (Novena Health City)

  • Hoi Hup

  • Consortium 168 Architects

  • Restaurant at 1st, 2nd & 6th Storey
  • Direct Covered Link to Novena MRT
  • View the Beautiful Views from the Medical Suites

Starting and Managing F&B Business

F&B open for saleEntrepreneurs should note the low survivorship in this industry.  Based on statistics from SPRING Singapore, around 25% of all F&B business are new and 57% survive their first five years.

Challenges faced include the purchases of kitchen equipment, renovation and the need to have a buffer of the operations for the initial period.  Business owners have to deal with much legal formalities, licenses, liquor license, health inspection, etc. 

To complicate matters, starting an F&B business requires business owners to deal with legal formalities since the industry is heavily regulated by the government. There are licenses (e.g. Halal license, liquor license and food shop license) to secure along with the usual bevy of legal fundamentals that every business needs to get started like registering your business and getting your key contracts in place.

The demand of this business is rough and ferocious.  There is always intense competition, high rental cost, high staff cost, unstable cost of ingredients, attracting and retaining staff and a complex and uncertain economy.

Satisfaction

dining place for sale singaporeInspite the challenges faced, there is a great satisfaction if and when the business is successful.  In many instances, owners have formulated the steps and enjoy a continuous steady income.

The food industry is always evolving and appended below are some of the trends some food experts are noticing:

The rise of private dining

- Enjoying food, comfort and cosiness in the home of the chefs.  This is usually less expensive than in a restaurant.

Steakhouses and Grills

- There are more variety with more intricate cooking methods.  There are charcoal ovens, unorthodox cuts of meat, specially breed meats, such as snow-aged full blood wagyu beef and a hosts of others.

Asian-Inspired Cuisines

- Asia is just so divest, there are more and more types of Asian cuisines being served.  Most use special Asian ingredients, found at certain parts of Asia.  There are also many which enhance local food and turned them into more premium versions.  There are also foreign chefs doing their take on local and Asian flavours.

A combination of Restaurant and Bars

- Some western restaurants provide bar services and it is also catching on with Japanese and Korean restaurant.  Patrons can choose to have full meals with recommended alcohol or alcohol with some unique food or simply only alcohol or cocktails.

Breweries

bar for sale singapore- Of late, there is a Singapore craft beer options, starting from well-known Red Dot Microbrewery and Archipelago Brewery.  There are more recently, such as Brewlander & Co., Starker Fresh Beer and Little Island Brewing Co.  There are also more people who are keen to customise their own line of craft beer and there is likely to see outlets providing these services.

Singapore Residents Simply Love Good Food

It is not uncommon to hear of people travelling far, even to some obscured part of Singapore, forming long queues, waiting for more than 45 minutes to get good food.  There is much write up from various food blog that enhance this way of life.  Once the reputation is formed, business owners can get very busy.  Location of such ventures become less significant.

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© Copyright 2018. Every care has been taken to prepare in the content of and material attached, in www.CosySingapore.com website. Responsibility cannot be held for inaccuracy and omission by the developers or the marketing agents. All graphic representations including artists’ impressions, architectural models, photographs, illustrations, drawings are not to be relied as statements or representation of facts. Floor plans have to be subjected to final survey and illustrations are approximate measurements. Subject to changes and availability apply to materials and finishes. Information is subjected to change and do not form part of an offer or contract (including Prices Quoted and Availability of Units). The entire agreement between the developer and purchaser as in the Sales and Purchase Agreement, shall in no way be modified by any representations or statements from this website.

Your Commercial Property Partner

  • Desmond Tan

  • +65 91143737

  • +65 61008123

  • CEA Reg R007497J

  • Huttons Asia Pte Ltd
    Licence: L3008899K

  • 3 Bishan Place #05-01
    CPF Bishan Singapore S 579838

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