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Dava Thai Restaurants In Mornington And Frankston South For Sale

Mornington, Victoria, Australia
Asking Price:
$495,000 (AUD)
Sales Revenue:
$1 (AUD)
Cash Flow:
$500K - $2.5M (AUD)

Looking for that secret treasure spot that will provide your family with a secure income for the future? Dava Thai restaurants have been serving up delicious authentic Thai food for the last eight years from their two locations in Mornington and Frankston South. These have both grown significantly since COVID-19, creating a fortune based on the huge increase in takeaway and delivery markets.

Both venues are well-known for their delicious menus with rich spicy dishes, soups, curry, noodles and salads that mix old favorites like Mussaman Curry, Pad Thai, Tom Yum, Singapore and Hokkein Noodles with new creations like Dava Curry, Pad Kee Mao Duck, Coconut Prawn Delight, Pork Belly Salad and Sticky Rice with Mango.

Since the two venues are located only 17 minutes apart, together they are able to cater for a delivery area of 160 square kilometres. Orders can be made directly through the Dava Thai website or via Menulog, Uber and Bite Local. However, all deliveries are handled by the Dava Thai team of drivers, assuring reliable, on-time delivery and consistent quality.

Features of Dava Thai Mornington:
• Operating for last 8 years
• Opening hours: 4pm - 8pm (currently closed Tuesdays and Wednesdays)
• 95 square metres internal with storeroom, cool room and dry store located externally with access from the laneway at the rear of the building
• Liquor licence 12 noon – 10pm
• Seating for 20 persons
• Ample free parking
• Attractive monthly rent of $3750 (including GST)
• Secure lease with 3 x 3 year options
• Fully equipped up to date commercial kitchen (see photos)
• Impressive turnover and high net profit
• Price: $495,000 plus SAV (approx. $10,000)

Features of Dava Thai Towerhill, Frankston South:
• Operating for last 6 years
• Opening hours: 3pm - 8pm for dining and deliveries (7 days a week)
• 158 square metres including cool room and dry store with rear access from the kitchen to the carpark
• Liquor licence 12 noon – 10:30pm
• 50 seats
• Ample free parking
• Excellent monthly rent of $6400 (including GST) for venue size
• Long lease with initial 10 years and 2 x 5 year options
• Fully equipped up to date commercial kitchen (see photos)
• Significant turnover and high net profit
• Price: $495,000 plus SAV (approx. $10,000)

The two restaurants are offered as a package, although the owners will consider selling them separately. A free assistance, handover and training period will be offered to the successful buyer/s. The business will suit a dynamic couple wishing to be involved fully in the business, overseas investors or business migrants and can be either owner-operated or run under management by competent staff.

If you think you have discovered buried treasure in this opportunity, please contact Alan immediately to reserve your time for an inspection of both premises and a chance to discuss the business in detail with the owners.

Price: $495,000 + SAV (approx. $10,000) for each business, including all plant, furniture and equipment, assistance and training

Property Information

Real Estate:

Lease

Lease Terms:

Long lease terms with options in each of the locations

Leasehold Rent:

45,000 (Mornington) 76,800 Frankston including GST per annum

Location:

Dava Thai Mornington is located in a small but dynamic local shopping strip conveniently located between Mornington and Mount Martha villages. Dava Thai Towerhill is located in a local shopping precinct close to Frankston.

Premises Details:

Both premises are large and well equipped with modern commercial stainless steel kitchens, cool rooms and storage.

Size in square feet:
99 (Mornington) and 158 square metres (Frankston)
Planning Consent:

Liquor licences for both restaurants

Business Operation

Expansion Potential:

Opening hours are currently from 4pm - 8pm but could be expanded to include lunch service.

Competition / Market:

Dava Thai restaurants compete successfully on the basis of quality and their extensive delivery area and wide variety of dishes.

Reasons for selling:

Change of lifestyle

Trading hours:

Mornington - currently 4pm - 8pm (closed Tuesday and Wednesday). Frankston South 3pm - 8pm every day.

Employees:
Full-time chefs and part-time cooks, casual FOH and casual delivery staff in each venue
Years established:
8

Other Information

Support & training:

Free training and assistance will be provided to the new owners prior to settlement and other assistance can be provided by negotiation post-settlement

Furniture / Fixtures value:
$350,000 (AUD)
Inventory / Stock value:
$25,000 (AUD)
Related Documents:

Contact Maguires Real Estate

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