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Melbourne Restaurant, Turnover Increasing Now Over $24k For Sale

Melbourne, Victoria, Australia
Asking Price:
$95,000 (AUD)
Sales Revenue:
$988,000 (AUD)
Cash Flow:
$1,238 (AUD)

This business was handpicked to open in a successful dining precinct at one of the main retail hubs that services Melbourne's North-Eastern suburbs. Established for over five years and well positioned within the food collective close to a major cinema and an abundance of retail stores nearby, there is no shortage of passing trade.

The business has a unique Southeast Asian feel, with booth seating, ornate shelving and a well laid out bar and counter area plus a semi open plan kitchen which can be viewed from the outside. The premises are approximately 37 square metres seating approximately 120 customers. All equipment is owned outright by the business and is well maintained.

The menu is diverse, which may seem daunting at first but really works and is easily taught. Popular items such as spring rolls, satay skewers and rice paper polls are always in demand, as are the range of Thai dishes like Pad Thai, Pad Siew stir fries and green curries. Delivery partnerships such as Uber, Door Dash and Deliveroo are also in place and demand is high.

The business currently operates 7 days per week from 11am until 8pm, with Thursday to Saturday able to open later being the busiest days. The hours can be flexible in order to save costs or maximise trade when certain events within the plaza are being held, such as movie premieres.

The owner is looking for a change after achieving his current goals however is willing to support the business in an ongoing role if required. This creates a fantastic opportunity for a buyer to further develop and grow this successful business.

The business is complete with a liquor license which is currently underutilised as there is high demand for cocktails and other alcoholic drinks during the evening trade. Daytime meal deals would also increase turnover plus the addition of more booth seating as this would increase the curb appeal of the business and customer experience.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Lease Info
A new lease will be offered for approved tenants.

Trading Times
7 days 11am - 8pm (hours can be flexible)

Size of Premises
37 square metres approximately.

Opportunity
The business is complete with a liquor license which currently is underutilised as there is high demand for cocktails and other alcoholic drinks at specific times of the day. Lunchtime meal deals Addition of more booth seating

Note to buyers
This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller.

GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

**Weekly**
Turnover (inc GST) $19,000.00
Rent $2,750.00
Wages $5,500.00
Net Profit​ $1,237.73

Property Information

Real Estate:

Lease

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