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Summary
Amazing Location - fantastic fitout – impressive turnover - highly profitable. turnover/profit growing - established team. Licensed. 110 seats plenty of easy parking. less than 2yr payback
Revenue
$2,018,713 pa
Rent
$106,579 pa
Net Profit
$593,588 pa
Location Details
Located in small shopping strip. Surrounded by units - densely populated suburbs, good transport, ample parking out the front, close by - as well as a parking station around corner. This restaurant is a local institution - great surrounding suburbs
Potential
The business has performed well through Covid and continues to grow revenue and profit. There are some major precinct developments that will bring even more people to the area for dining.
Catering and dumplings are always requested from people and businesses in the area and the potential to start delivering by the large delivery platforms is there.
A lot more marketing can be done and hours of operation can be extended.
Skills
The business has a large, loyal team. The Owners were not Chefs or Restaurateurs when they started the business. This businesss is systemised.
Hours
11am - 9 pm x 7 days
Lease
10 years , 5 x 5 year option.
Employees
2 Full Time and 15 Part Time / casuals. Many of the staff have been with the business for a long time.
Reason for Sale
Retirement
About the Business
The business has a fantatstic , affluent catchment area to draw from with many units , houses and businesses close by.
There is no restaurant like this business in the area - opening in 2013.
Urban List Top 21 Best Spots for Ramen in Sydney, April 2022!
The recipes and techniques for the Ramen - Sauces and Marinades are the intellectual property of the business - and makes customers keep coming back and adds to the value of this business.
The business has a great fit out and over 110 seats across different seating areas (inside - outside and at the bar) - the business is licensed and can broaden their range even further.
The numbers post the last Covid lockdown are great and the business is on track to grow sales and profit higher than FY 21 numbers. YTD sales and profits up and the last few months have seen weekly numbers exceeding $60,000 per week - the next 3 months will really showcase this restauarnts capabilities
There are also so many growth opportunities to further the sucecss of this business.
History
The business Owners were not Chefs or restauranters when they founded the business. The business has built a following over 7 - years and contionues to grow.
There is a great team and culture within the business.
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