Summary
iSpicyThai Restaurant at 80 Victoria St, Richmond VIC 3121. Prime Location, Rent $5800/Month on 4.5+5years Contract. Liquor License in place. Asking Price: $100,000
Revenue
$50,000 pm
Rent
$5,800 pm
Expenses
$42,200 pm
Net Profit
$2,000 pm
Location Details
80 Victoria Street, Richmond
Potential
Turnkey opportunity! Well established Thai restaurant for sale located at North Richmond Victoria within a high-traffic food precinct.
Great for business enthutiast wanting to start immediately or for someone looking to upscale as it has a lot of potential and room to grow!! Can be converted to any cuisine you prefer.
Location:
- Walking distance to public transportation (Tram and Train). Street parking is avaliable and free from 6pm onwards.
- Positioned within a busy dining precinct
- Strong family demographic and consistent trade
Hours
Option to trade longer as desired.
Tues to Thurs 4:30pm - 10:00pm
Frid 4:30 - 10:30pm
Sat to Sun 12nn - 10:30pm
Lease
5+5 started September 2025
Employees
3 or 4 in a Shift, 9 Employees Available
Stir fry station
Curry station
Front kitchen
Front house
Reason for Sale
My reason for sale is primarily driven by a new opportunity that has arisen with my business partners to join forces and form a bigger group. This strategic move will allow us to leverage our combined strengths and resources in a more impactful way, creating a stronger and more competitive presence in the market.
About the Business
Key Highlights:
- Fully licensed for Liquor and BYO
- Serving Thai classic dishes. Receipe and stock suppliers included in sale.
- Authentic Thai ingredients supplied.
- Can seat 80 or more guests. Two floor seating. Top floor can be used as a function space perfect for occassions / work gatherings
- 2 Stock room available
- 3 toilet + 1 shower
- Car Park available for owner (back garage)
- Street Car park available and is free from 6:00pm onwards.
- Successfully trading for over 15 years under 1 management/owner.
- Full fit out with commercial kitchen.
- Suitable for casual dining, takeaway and delivery thru ubereats and doordash
- Excellent reputation for food and service, decent google reviews.
- Strong customer base mostly in groups/family demographic.
- Valuable assets and stocks included.
- Full Training can be provided for smooth transition
History
Historical fact: It was where the first Vietnamese newspaper (Vietnam Tomorrow) and first Vietnamese fabric shop was located.
Now a Thai Restaurant fully operational for over 15 years under 1 management.
Serving Thai cuisine which can be converted to any cusine desired.
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