Rental is for 2 shops (700 & 400 sf respectively) Famous Hong Kong Lemon Tea with 2 operating stores in Orchard and business district. Good branding. Master franchise for Singapore for 5 years (4 years remaining) and renewable for another 5 years Leases for 2 stores - remaining 2+ years Potential for expansion All equipment, inventories and contracts included. Well established and efficiently developed supply chain Well trained and professional team of tea barista and good pool of part timers.
Business Operation
Tea making equipment, freezers, chillers, furnitures and fittings.
Facilities
Lemon tea has yet to catch on in Singapore but has developed good foothold in China, Hong Kong, Malaysia and Philippines. As this is handcrafted tea, it's more labor intensive than conventional bubble tea stores.
Competition
Currently, we have 2 stores in the Orchard and Marina area. Potentially this brand can attract lots of attention if situated near MRT or the major shopping belt.
Expansion Potential
Yes, this is franchise business. 5 years Master Franchise for Singapore. Currently paid franchise for 2 stores. Balance 4 year available. Renewable for another 5 years. Franchise fees payable per branch is RMB128,000. Royalty fees of 2.5% based on GTO payable monthly. Withholding taxes to be paid by Master Franchisor in Hong Kong.
Franchise
2 of the staff are trained by the Master Franchisor from Hong Kong. All 4 regular staff are well trained in the SOP of tea preparation. Master franchisor will be able to provide training if necessary.
Support and Training
Experience in F&B with capital for expansion
Background & Skills
Yes, seller financing is available. Downpayment of 30%, balance to be payable with interest over the next 6 months
Seller Financing
Property Information
3 years lease ending in Apr 2028, 3 years lease ending in Aug 2028
Lease Term
Orchard Store - concept store with indoor seating, near 3 institutes of higher learning. Walking distance from MRT station. Marina Square Store - store with limited seating capacity, near one institute of higher learning.
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