Summary
Well-established Chinese restaurant in prime corner location. 11+ years, only one in town with loyal customers and consistent trade. Fully equipped, easy to run. Ideal for family or partners.
Revenue
$1,100,000 pa
Rent
$57,000 pa
Expenses
$865,000 pa
Net Profit
$235,000 pa
Location Details
VIC
Prime corner location in a busy regional town centre, offering high visibility and strong foot traffic. Surrounded by retail and local businesses with convenient parking nearby, attracting steady dine-in and takeaway customers.
Potential
Strong growth potential by extending trading hours to include lunch service and additional trading days. Opportunity to increase revenue through online delivery platforms, catering, and menu expansion. Further upside by improving marketing, social media presence, and local promotions. Well-suited for an owner-operator to optimise costs and increase profitability. Established reputation provides a solid base for continued growth.
Skills
Suitable for operators with basic kitchen or hospitality experience. Current menu and systems are well established, making it easy to learn and operate. Ideal for family-run business or partnership. No formal qualifications required, but general food handling knowledge and customer service skills are beneficial. Owners are willing to provide training and handover to ensure a smooth transition.
Hours
Currently trading 6 evenings per week. Opportunity to extend to lunch service and additional trading days.
Lease
Lease in place with extension options currently under negotiation. Transfer subject to landlord approval.
Employees
Operated with a small, efficient team across kitchen and front of house. Well-structured workflow allows smooth daily operations. Staffing levels suitable for current trade, with potential to optimise further under new ownership.
Reason for Sale
The current owners have successfully operated the business for over 13 years and are now looking to transition into the next stage of life and reduce working hours. This presents an excellent opportunity for a new owner to take over a well-established and profitable business with strong foundations and continue its success.
About the Business
This restaurant is a well-established and highly regarded dining destination located in a prime corner position in the heart of the town centre With a long-standing presence in the community, the restaurant has built a strong reputation for serving authentic Chinese cuisine, supported by a loyal customer base and consistent repeat business.
The restaurant offers a combination of dine-in and takeaway services, catering to a wide range of customers including families, local residents, workers, and group bookings. The modern dining area provides a comfortable and welcoming atmosphere, while the high-visibility location ensures steady foot traffic and strong exposure.
A key feature of the business is its efficient and well-structured operation, allowing smooth service across kitchen and front of house. The menu is well established, offering a variety of popular Chinese dishes that appeal to a broad customer base. In addition, the business provides fast and ready-to-go takeaway options through its bain-marie selections during set hours, offering convenience and additional revenue streams.
The restaurant is fully equipped with a spacious commercial kitchen and seating capacity for over 65 customers. It operates currently for evening service, providing a balanced lifestyle for the owners while still generating strong and consistent turnover. There is clear potential to expand trading hours to include lunch service, further increasing revenue.
Additional services include catering for birthdays, anniversaries, group bookings, and special occasions, making it a versatile business within the local community. The business also operates under a BYO liquor licence, adding to its appeal for dine-in customers.
With its strong reputation, established systems, loyal clientele, and minimal direct competition as the only Chinese restaurant in the area, this is a turnkey opportunity ideal for family operators, partnerships, or investors seeking a stable and profitable business.
History
This restaurant has been serving the local community for over 35 years, establishing itself as a well-known and trusted local dining destination. The current owners have successfully operated the business for over 13 years, maintaining its strong reputation for quality food and friendly service while building a loyal and consistent customer base.
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