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On Trend Vietnamese Restaurant Business For Sale

Bayside, Victoria, Australia
Asking Price:
$500K - $1M (AUD)
Sales Revenue:
$1,456,000 (AUD)
Cash Flow:
Not applicable

Not your traditional Vietnamese restaurant, this diner and bar in an affluent Bayside suburb is well placed for its target market.

This large restaurant with a modern fitout has a large dining room as well as an outdoor seating area of approx. 35 sq. metres, so is well suited for the new normal of social distance dining. The dining room can seat 50 normally and the outdoor area can seat 28. There is a commercial kitchen and walk in coolroom.

The restaurant occupies a high exposure corner location and is easily accessible by public transport - less than 5 minutes walk to the train station. There is ample street parking and underground paid parking is available to patrons.

This restaurant serves modern Vietnamese cuisine and has a bar serving a variety of cocktails and is fully licenced to 11 pm.

Run under management with 2 full time staff and 9 part time staff.

Pre-Covid, this restaurant traded 7 days for lunch and dinner. Currently trading 7 nights for dinner (5pm-10pm) and 3 days a week for lunch (Friday to Sunday 12pm-3pm)

Before restrictions this restaurant turned over approx. $30,000 per week. The business recorded $30,000 per week for the first 2 weeks after restrictions were lifted and is expected to turn over $27k to $29k per week consistently from now on.

Rent is $1,088 per week with a secure lease of 5x5 commenced April 2019.

Established 5 years, this diner and bar is a go to eating and drinking venue for locals as well as customers from afar.

Do not miss this opportunity to acquire a well run restaurant with immaculate fit out and superb food and drink menu, that also has large indoor and outdoor dining areas, that can accommodate good amount of patrons even with limits set on number of patrons per square metre.

For more information and to arrange an inspection, contact Chris Panagiotidis or Elle Likopoulos.

REF: B13782

Property Information

Real Estate:

Lease

Lease Terms:

5x5

Business Operation

Reasons for selling:

Personal

Trading hours:

Trading 7 nights and 3 lunches: Monday to Sunday 5pm-10pm and Friday to Sunday 12pm-3pm

Employees:
Under management - 2 FT and 9 PT Staff
Years established:
5

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