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Jade Valley Restaurant– Excellent Growth Opportunity For Sale

Belgrave, Victoria, Australia
Asking Price:
$50,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$156,000 (AUD)
Cash Flow:
Available on request

Selling after many years in business, Jade Valley Restaurant is now available for sale.

Currently only doing 4 days takeaway trade, there is huge opportunity to expand to dine- in (seats 50), lunchtime trade for local traders and home delivery.
Location is excellent with a large amount of off-street parking available and approx. 100 metres from Woolworths.
This has been a 'word of mouth' business only with no marketing promotions meaning the opportunity to increase trade with only a small amount of time and effort is highly realistic. This is a fantastic opportunity for a family to take this already popular business to the next level.

Current takings are approx. $3,000+ per week

• Spacious premises of 115sqm incl dine in area, take away waiting area, 2 x toilets, kitchen and store room

• Lease terms negotiable with Landlord

• Reasonable rent

• Commercial kitchen

• Long term customer base


Please contact the Agent for any relative questions or inspections

Property Information

Real Estate:

Lease

Lease Terms:

no years left on lease. Ready for new business owner to arrange with Landlord

Leasehold Rent:

$23,040 (AUD) per annum

Location:

Busy location with excellent parking. Close to Woolworths and other local businesses and nightlife

Premises Details:

115sqm restaurant with two entry points, 2 seating areas, take away seating and kitchen

Size in square feet:
115sqm

Business Operation

Expansion Potential:

Excellent opportunity to expand inc using more social media marketing, home delivery, lunchtime trade and eat in dining.

Competition / Market:

multiple restaurants and take away options in the area

Reasons for selling:

retirement

Trading hours:

Monday: Closed
Tuesday: 4:30-9pm
Saturday & Sunday: 4:30-9pm

Employees:
2
Years established:
24 years

Other Information

Furniture / Fixtures value:
$20,000 (AUD) - included in the asking price
Inventory / Stock value:
$1,770 (AUD) - included in the asking price