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      Food, Beverage & Hospitality business for sale in St Albans

      • Food, Beverage & Hospitality
      • St Albans VIC 3021
      • Price On Application

      Asian Restaurant For Sale

      This Amazing Restaurant currently focuses on Vietnamese/Chinese cuisine with opportunity to expand. The large kitchen features 10 Wok stations, 2 walk-in Chillers and a walk in freezer and all the additional kitchen equipment required to handle the demand.

      - 7 Nights only (huge potential for daytime Yum Cha)
      - Takes $45-50,000 per week
      - Low rent of around $2,200 pw (Only about 5% of takings)
      - Long lease of 5x5 in place
      - 400 patrons on the liquor license
      - Liquor license till 3am
      - Full stage for music and other performances

      This Magnificent Asian style Restaurant for sale is located on a prominent spot, with great visibility, ample parking and supporting businesses around.
      The population in the area is approximately 40,000 so there is a huge local customer base.
      The ethnic makeup is Australian with 34.6% of people born in Australia. A large portion of second and third generation immigrants typically of Southern or Eastern European origin, Vietnam, Philippine and Chinese also resides in the area.
      Due to some family issues the current owner regretfully wants us to sell the highly profitable business. Due to the issues the business was forced to stop doing Daytime Yum Cha, but despite that still makes a lot of money.
      A good buyer should be able to rapidly grow the business just by reopening the Yum Cha service. Other Growth opportunities also exist for the enthusiastic buyer.

      Alternatively this is a great investment opportunity for someone who wants to run it as is.

      Are you interested in this great business opportunity then this is worth looking into. CALL Phil Booysen now on 0429 006 921 or Lynn Mu on 0430 880 323

      Business Highlights

      Business ID

      2014077506

      Last updated

      19 Dec 2017

      Category

      Food, Beverage & Hospitality, Leisure & Entertainment

      Map for St Albans VIC 3021

      Unit 7 / 18-22 Lexia Place Mulgrave VIC 3170

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