Chinese & Malaysian restaurant $25000 takings 5.5days PBA

8 days ago

Location:
Ivanhoe 3079 > Melbourne - Greater > Victoria

Investment level:
$579,000

Type:
Business

Industry:
Retail > Food outlets

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Summary

Located near the suburb of Ivanhoe. A well known local icon on a shopping strip in a residential suburb whilst some called it the hidden gem. The restaurant might be plain-looking but a real solid and

About the Business

Located near the suburb of Ivanhoe.
A well known local icon on a shopping strip in a residential suburb whilst some called it the hidden gem.
The restaurant might be plain-looking but a real solid and consistent performer that is packed most nights particularly the weekends.
Well known for its great foods with a very large following of regular clients from across all suburbs of Melbourne.
Trades only 5.5 days from 12 to 3 p.m and 5 to 10 p.m and Sunday 5p.m/10.p.m only and closed on Tuesday.
Taking averagely $25000 per week and 30% from counter pick up take away orders. Strictly no UberEats or Menulog online sales.
Rent: $800 per week + GST. Vendor owns the property and a new lease will be given.
Seating capacity: 70
This is a restaurant with a 32-year stable history under the same owner and exceptionally profitable.
Rare opportunity for a most genuine sale as the owner wishes to retire and will pass on all the most guarded recipes that underpin the success of this great restaurant.
The vendor will also stay on for 6 months if required.
Price: $579,000 neg + SAV
Contact agent Kenny on 0416116601 for details.

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