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Food, Beverage & Hospitality business for sale in Melbourne

  • Food, Beverage & Hospitality
  • Bs143970 Melbourne VIC 3000
  • $245,000 (GST na)

Profitable Restaurant in Busy Outer Eastern Suburb For Sale VIC

Business ID: BS143970

Owner is ready to retire and Business is Priced to Sell - Sale Price $245,000

This popular modern Asian restaurant located within a busy eastern food and entertainment precinct has both indoor and outdoor seating for 130. It offers a wide range of Asian dishes on its menu and is highly rated by its customers across a range of online review websites and social media platforms.

The owner works part-time in this business as there is a team of experienced staff, including experienced chefs and customer service staff that handles the day to day operation.

-Weekly Turnover between $20,000 to $25,000
-Rent (exclude GST) with outgoing around $5,000 per week
-Trading 7 days for Lunch and Dinner
-Liquor license for the site
-Opportunity to explore new lease as current lease is due by 2022
-Estimated size of 167 sqm
-Kitchen with the preparation and cooking area
-Front Counter for display and beverages
-Upstairs/Mezzanine area for storage and office
-Inside and outside undercover areas with tables and chairs

Training and handover can be provided based on mutual agreement.

This business offers a proven formula with opportunities to improve:

-Bring in new energy and interest to the operation by the new owner
-Price adjustment as the business has not increased its price for the last few years
-Review and introduce new signature dishes to the old favorites
-Active marketing on social media to take advantage of its favourable ratings across the multiple social media platform
-Increase promotion of high margin items such as cocktail and desserts

An alternative option is to take advantage of its premium location with very high traffic to introduce a totally new dining concept at this highly desired location. This will obviously need the permission of the landlord and permit.

An Inspection is highly recommended.

Asking Price: $245,000 plus stock

Business Highlights

Business ID2016114818
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Last updated  28 Feb 2020
Map for Bs143970 Melbourne VIC 3000
Map for Bs143970 Melbourne VIC 3000Bs143970 Melbourne VIC 3000
Xcllusive Business Sale Balmain
G14, 1-15 Barr Street Balmain NSW 2041