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Business ID BS143970

Profitable Restaurant in Busy Outer Eastern Suburb For Sale – VIC

Owner is ready to retire and Business is Priced to Sell - Sale Price $245,000

This popular modern Asian restaurant located within a busy eastern food and entertainment precinct has both indoor and outdoor seating for 130. It offers a wide range of Asian dishes on its menu and is highly rated by its customers across a range of online review websites and social media platforms.

The owner works part-time in this business as there is a team of experienced staff, including experienced chefs and customer service staff that handles the day to day operation. 

  • Weekly Turnover between $20,000 to $25,000
  • Rent (exclude GST) with outgoing around $5,000 per week
  • Trading 7 days for Lunch and Dinner
  • Liquor license for the site
  • Opportunity to explore new lease as current lease is due by 2022
  • Estimated size of 167 sqm
  • Kitchen with the preparation and cooking area
  • Front Counter for display and beverages
  • Upstairs/Mezzanine area for storage and office 
  • Inside and outside undercover areas with tables and chairs

Training and handover can be provided based on mutual agreement.

This business offers a proven formula with opportunities to improve:

  • Bring in new energy and interest to the operation by the new owner
  • Price adjustment as the business has not increased its price for the last few years
  • Review and introduce new “signature dishes” to the “old favorites”
  • Active marketing on social media to take advantage of its favourable ratings across the multiple social media platform
  • Increase promotion of high margin items such as cocktail and desserts

An alternative option is to take advantage of its premium location with very high traffic to introduce a totally new dining concept at this highly desired location. This will obviously need the permission of the landlord and permit.

An Inspection is highly recommended.

Asking Price: $245,000 plus stock

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Business Sale Price:
$245,000 plus Stock
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