Project Nutmeg
A Singapore restaurant group with a central kitchen and ten restaurants (one temporarily closed) in shopping malls and HDB neighbourhood centres. Group revenue was S$16.8M in FY2025A, against S$15.5M in FY2024A, on management accounts. The company has appointed advisers to sell the whole business, either as its assets and operations or as all of its shares. The name, the sites and the accounts are in the room after a confidentiality agreement.
Outlets
10
9 trading, 1 temporarily closed
FY2025A revenue
S$16.8M
S$15.5M in FY2024A
FY2025A EBITDA Adjusted
S$1.1M
6.6% margin
Revenue growth
+42%
FY2023A to FY2025A
Group management accounts, unaudited. EBITDA is before FRS 16, so rent is charged as an expense.
- Scale
- 10 outlets in Singapore (1 temporarily closed), plus a central kitchen
- Sites
- Mostly in malls on private leases, also on HDB tenancies
- Industry
- Food and beverage: restaurants and a central kitchen
- Transaction
- Sale of the whole business, by its assets and operations or all of its shares