Summary
Newly opened restaurant with great potential.
Revenue
$40,000 pw
Rent
$4,000 pw
Expenses
$20,000 pw
Net Profit
$8,000 pw
Location Details
Ringwood
Potential
The business started 3 months ago, and there is no promotion or marketing. The vendor is assuming that the business should achieve $70,000 to $80,000 a week in trade.
Skills
Basic restaurant management skills preferred, but Vendor shall provide full training and support.
Hours
11:30 am-9 pm
Lease
10 Years
Employees
4 Full-time 12 part-time
Reason for Sale
The Vendor has multiple businesses and is currently expanding.
About the Business
Exciting Opportunity in a Prime Location!
Step into a thriving, on-trend smoke grill-style restaurant, located at the heart of a major shopping strip, ideal for an ambitious owner-operator or investor. With a strong local following and considerable potential for growth, this well-established business is poised for its next chapter.
Key Features:
* High-traffic, premium location with strong footfall.
* Newly opened with great potential ahead.
* Under management; will benefit if owner-operated.
* Full commercial open-kitchen.
* Top-end fancy fit-outs, with 110 patron capacity and 60 patrons outdoors.
* Large premises 250-300 Sqm.
*Current weekly takings of approx. $40,000 plus
* Vendor assuming that the sales could go to $70,000 to $80,000 in the short term.
*Reasonable rent and overheads, maximizing profitability
*10 years Lease
*Offered at a very reasonable $795,000, negotiable
*
The current owner has successfully operated in the industry for years and has run and owned multiple businesses. They're highly motivated to sell, making this an excellent opportunity for a savvy buyer.
Act fast, make a reasonable offer, and you could recoup your investment quickly!
For more details or to arrange for an Inspection, please contact:
PETER LI
0433 281 189
This Business is exclusively listed by No.1 Commercial and Business.
Disclaimer The financial information and statements relating to the above business have been prepared based solely on the information supplied by the vendor to NOCB, and therefore No.1 Commercial & Business does not guarantee the accuracy of such statements and financial information. NOCB will not be liable for such statements and financial information. NOCB strongly recommends all prospective buyers of this business seek its independent accounting, legal and financial advice and conducts their due diligence on the business. Image used only for illustrative purposes to protect the seller's privacy. It is in no way representative of the actual business or its products.
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