Summary
Prickles is a well respected Mexican restaurant that has stood the test of time. It has sustained loyal clientele that travel from a far to enjoy the great Mexican atmosphere and cuisine.
Location Details
9 Parap Place Parap, Darwin
The restaurant is situated in the Parap Shopping Village, home of the Saturday Markets. This venue benefits from strong visibility and easy street access with ample public parking and strong community presence.
Potential
There are some great opportunities to take the business to the next level by extending trading hours, ramping up bar offerings, and capitalising on Saturday Parap market mornings. Existing brand identity in place; new owner can step in and grow further via events, themed nights, catering or renewing the decor to capture new market segments.
Opportunity to tap into high local demand and boost revenue.
Skills
Ideal for experienced hospitality operators or chefs seeking a turnkey business. Skills in restaurant and takeaway management, customer service and team leadership are valuable. Owner is happy to provide transition training and support to ensure a smooth handover.
Reason for Sale
Unfortunately, the owners who haved traded since last November, have had to return to Chile. Previous owners, who owned it for nearly 23 years, have been given the keys, and will step back in if restaurant does not sell. Decision comes from a genuine desire to pass on a thriving business to someone passionate about hospitality. They are willing to assist new owners with training and support.
About the Business
This is a rare opportunity to own one of Darwin's most iconic hospitality venues. Since opening its doors more than 40 years ago, the restaurant has built a strong and loyal customer base, becoming a much-loved institution in the heart of Parap. Ideal for a family dinner, party or even a quite night for two.
The premises includes a commercial kitchen with ovens, flat grills, deep fryer, refridgeration, cool room and large storage facilities. As well as a large dining room and plenty of seating for up to 55, the restaurant also has a semi-secluded area for birthday parties or corporate events which can seat another 20 patrons.
There is a licensed bar, 3 x beer taps, sangria machine, and beer fridge, creating a complete and attractive package for patrons. All kitchen equipment, dining furniture and branding are included in the sale, with no further capital investment required. There is also a brand new POS system and is registered with online food delivery company Uber Eats. There is a separate takeaway area with its own entrance, making it a breeze for takeaway customers and uber delivery drivers.
The restaurant is a space bursting with vibrant hues - turquoise, fuchsia, sunflower yellow, burnt orange - walls animated with hand-painted murals of festive scenes: papel picado banners fluttering, Day of the Dead motifs, cactus silhouettes, making the space social-media friendly. While the theme is Mexican, the concept allows you to adapt easily to another culture if your prefer.
There is huge opportunity to grow the business by adding lunch service, Saturday Market mornings, seven-nights and more delivery platforms. With a great lease, ample parking, nearby residents, Prickles is ideal for an enthusiastic owner looking to take over a turnkey operation in the popular suburb of Parap.
History
Established in 1981, Prickles has been going strong for over forty years. Second time on the market in two decades. Previous owner only had it for one year and regrettably must return home. Before this, the previous owners had it for 22 years, and has cherished the experience of watching their daughters grow up in the restaurant while building a loyal customers base and contributing to the community. Now, the business is ready for a fresh chapter under new ownership.
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