Summary
Lucy Luu is a highly rated and well know venue in the Perth restaurant scene. The venue has a unique menu, a great cocktail list, a top-quality fit-out and many catering options.
Revenue
$1,400,000 pa
Location Details
Shop 42/148 Scarborough Beach Rd, Mount Hawthorn WA 6016
This is an excellent location. It is a great inner-city suburb with strong foot traffic.
The venue has a high grade fit out. A modern interior design creates an inviting atmosphere for cocktails or a dinner out. The kitchen is of top quality.
Potential
There are many growth opportunities that a new owner could explore. They include;
• Continued growth in the local area market
• Continued development of unique supplier relationship
• Increased investment in the website and online order portal to boost sales
• Increase promotion via social media to leverage the large follower base
• Increase focus on catering, events, and functions
Skills
The business can be placed fully under management or owner operated.
Hours
Tues/Thurs 5 - 10pm
Frid/Sat 12 -Late
Sunday 12:00 noon – 10:00 pm
Monday Closed
Lease
Long lease in place
Employees
• 1 x Full time Sous Chef
• 1 x Part time Front of house manager
• 2 x Part time chefs
• 10 x Casuals
Reason for Sale
The venue is under a group ownership structure. The Owner's are refocusing on Business to business opportunities.
About the Business
A HIGH REVENUE BUSINESS WITH MULTIPLE INCOME STREAMS
Lucy Luu was established in December 2023. It has operated successfully since that time and has built up a high revenue client base. The multiple revenue streams include; dine-in, online/takeaway, delivery services, corporate catering, and events.
A BUSINESS WHICH HAS INDUSTRY LEADING SYSTEMS
Lucy Luu is a well-run operation that is under management. It has industry leading systems for both front and back of house. The excellent customer service and quality of the meals ensure top Google reviews.
LARGE CUSTOMER BASE DRAWN FROM THE AFFLUENT SURROUNDING SUBURBS
Since the business was established, the venue has been recognised a Perth newest Asian fusion restaurant in the heart of the city. It has attracted a strong local following. This includes over 9,400 followers on Instagram with very positive reviews across all platforms
FULLY LICENCED VENUE LEADS TO INCREASE MARGINS
Lucy Luu is fully licenced and offers a full dining experience.
Liquor sales are approximately 30% of gross sales with an average margin of 50%.
OPPORTUNITIES FOR GROWTH
There are many growth opportunities that a new owner could explore. They include;
• Continued growth in the local area
• Continued development of unique supplier relationship
• Increased investment in the website and online portal to boost sales
• Increase promotion via social media to leverage the large follower base
• Increase focus on catering, events, and functions
History
Good trading history
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