Summary of the business
The restaurant is a premier Brazilian dining destination in Singapore where Brazilian passadores – skilled servers who present authentic, grilled meats directly at the table – create an immersive churrasco experience. This unique approach has cultivated a loyal and diverse clientele in a thriving F&B market.
Company’s Strengths and Uniqueness:
- As at Feb 2025, there are only 3 restaurants in Singapore offering Brazilian meat buffet.
- The restaurant is highly profitable by managing to breakeven within 1 year of operations.
Financial highlights
| Gross Profit | FY2024 | FY2023 |
| Revenue | 1,753 | 178 |
| Profit before tax | 164 | (141) |
| EBITA | 420 | (95) |
| Adjusted EBITA | 227 | (126) |
| Sellers Discretionary Earnings (“SDE”) | 356 | (99) |
*For FY2023, the restaurant was only opened for 3 months.
*Adjusted EBITA refers to EBITA that treats depreciation/amortization of leases under FRS 16 as rental expenses.
Asking Price
S$1 million to S$1.2 million