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Mother India Restaurant In Hobart For Sale

Hobart, Tasmania, Australia
Asking Price:
$350,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

An incredible opportunity awaits with the sale of this well-established Indian restaurant business, located in the evergreen heart of Hobart City - a bustling and vibrant shopping and dining district.

Great price to sell, don't miss out on this opportunity!

Positioned within popular Elizabeth St of Hobart CBD, the business benefits from ample passing foot traffic and parking facilities.

Key Features:
• Menu with all types of Indian Food & drinks with fully liquor license available.

• Restaurant is registered awith online food delivery companies like uber eats, door dash, menu log, truck fox, and others.

• The restaurant has vibrant atmosphere with Well-Equipped Seating Establishment. The restaurant is fully equipped with a shiny bar counter, disability access, has got a seating capacity of 60 with furniture included, separate toilets for male/female/disable people, fully equipped music & lightning facilities (inc. led) for all kind of parties.

• Kitchen is very Well-Equipped with stainless steel walls, 6 canopy exhaust filters, 14 gas burners, a tandoori oven, deep fryers, hot plate burner, refrigerated display counters including 3 refrigerators, 3 freezers, a walk-in big cold room, commercial dishwasher, 2 wide sinks, a coffee machine, and many other operational equipments.

• Kitchen is quite big and has got a lot of room with the shelves very spacious. The kitchen can be used to cook food for 4-5 franchisees (if you have any). Kitchen is also suitable for teaching commercial cookery students.

• Strategic location: The restaurant is positioned in the popular Elizabeth St of vibrant Hobart CBD and is very close to University of Tasmania, offices, shopping centres, and Uni Lodge where ~400 students stay. This restaurant enjoys excellent visibility and a steady flow of regular customers.

• Financial Overview - The business boasts a solid monthly turnover, with a monthly low rent of $5,200 plus low outgoings. The lease is secured and is long term, and the owner is happy to keep extending it, providing stability and potential for long-term success.

• It’s a family business currently run by owner’s family from the past 11 years and supported by 5 staff members. This structure provides flexibility for a new owner, who can choose to maintain the current management approach or take a more hands-on role with the support of a dedicated team. The restaurant is owned & operated by owners’ family for the past 11 years and this is the first time it’s going on market due to family commitments.

• Operating Hours - The business operates 6 days a week (Tues – Sun), from 05:00 pm to 10:00 pm ensuring a steady stream of customers throughout the week. However, the new owner can choose to operate it 7 days a week at the time that suits.

• The restaurant has a very good reputation for immigration purposes including hiring chef from overseas, and also provides internships/trainings and job ready programs.

• Ownership Opportunities - This thriving Indian food business presents a unique investment opportunity at a very reasonable price. Whether you prefer a hands-on approach as a family, or you opt to continue under management, the potential for increased profits is substantial.

• Restaurant has a very good reputation on social media platform with 34k likes & followers. For more information visit our website and FB page “Mother India Authentic Indian Restaurant”
Website: https://www.motherindiahobart.com.au/


Contact Information:
For more details and to arrange a confidential inspection, don't miss out on this chance to step into a profitable and well-established business in the heart of Hobart CBD!

Property Information

Real Estate:

Lease

Location:

213 Elizabeth St Hobart 7000

Located in the heart of Hobart CBD on famous Elizabeth St.

Premises Details:

Independent building situated on Elizabeth St

Business Operation

Expansion Potential:

Lot of potential to expand

Competition / Market:

There is no Indian restaurant in close proximity.

Reasons for selling:

Due to other family commitments

Employees:
5

Other Information

Furniture / Fixtures value:
$200,000 (AUD) - included in the asking price
Inventory / Stock value:
$70,000 (AUD) - included in the asking price