Indian Restaurant for Urgent Sale Bargain at $120K

4 days ago

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Summary

Opportunity to own a legendary Indian restaurant in Ivanhoe Region. Features: *Located on busy Bell Street in a high-growth area *15 years of profitability with a loyal clientele *430sqm property, sui

About the Business

Opportunity to own a legendary Indian restaurant in Ivanhoe Region.

Features:

*Located on busy Bell Street in a high-growth area
*15 years of profitability with a loyal clientele
*430sqm property
* Revenues: 600,000 p.a.
*Open for dinners only, 35 hours per week
*Long 20-year lease, seating for 60-80 patrons
*Huge commercial kitchen, licensed till 11pm
*2-Bed Rooms dwelling generating extra rental income of $1900 p.m.
*Genuine sale due to vendor retirement
*Recipes and training for a smooth transition

Established in 2008, specializing in South Indian cuisine, the restaurant offers a unique gastronomic journey, including North Indian, Tandoor, and Indo-Chinese delights. The iconic venue has three seating zones, an inviting bar, and exclusive buffet nights. A well-equipped kitchen allows for external event catering.

Don't miss this opportunity to capitalize on the thriving local market thanks to a rapidly expanding residential base and an exceptional ongoing commercial growth in this dynamic and promising area.

For more information, contact Sanjay Agrawal at 0402 023 502 or [email protected]
Ref: ME02700
Timestamp: 20241106073003

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Find out more at the LINK VIC TAS GROUP Info page
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