- Categories: Food/Hospitality
This is a compelling opportunity to acquire a profitable Turkish restaurant and takeaway on one of Flemington's busiest main road thoroughfares, generating $500,000 in annual revenue exceptionally low rent of just $1,272 per month.
Operating five days a week with 24 indoor seats and 4 outdoor seats, the business serves an authentic home-made Turkish menu across gozleme, pide, kebabs and sweets, supported by a loyal and consistent local customer base. Deliveries are handled by UberEats. Running as a lean operation with one full-time owner-operator and 2 casual staff, the business has maintained a low-cost structure that delivers strong profit margins. All plant and equipment is fully owned and in excellent condition, with a full commercial kitchen setup ready to trade from day one.
- Annual revenue $500,000
- Lease of 5+5+5 years (commenced 2022)
- Rent at only $1,272 per month
- Security deposit at $16,000
- P&E valued at $100,000 plus, included in the sale
- 3-bedroom upstairs residence (some rooms already leased out), with flexibility for an owner-operator to live on-site, lease the rooms individually, or sublease the entire house for extra income.
Ref: ME03459
