Summary
Personal situation, cant continue. Strong sales each week 10k a week, with the potential to add brunch service and activate delivery. Please contact via email or phone only. Priced to sell.
Revenue
$12,000 pw
Rent
$961 pw
Expenses
$1,200 pw
Net Profit
$2,000 pw
Location Details
238 High St
Potential
Potential for Growth: While currently offering dinner service, semi self managed. this establishment has the potential to broaden its horizons and double profits by introducing a lunch, bottomless brunch service. Currently they are only open 6 nights a week, (mon - saturday night) 28 service hours a week.
Skills
With current staff fully trained, the online reservations system is automated. skills that would be benificial would be quite minimal. Previous hospitality management skill would be beneficial.
Hours
Mon - Thurs: 5pm - 9pm. Fri - Sat: 5pm - 10pm
Lease
5 years left. Options to for a renewal can be done at the settlement.
Employees
8 x part time employees including chef
Reason for Sale
Downsizing our businesses because they are starting a family very soon.
About the Business
Established Success: Merah boasts a strong track record of delivering exceptional dining experiences and has earned a stellar reputation for its delectable cuisine. The business name of Merah comes with an excellent reputation. With a Google rating of 4.2 with over 200 reviews and over 2500 Instagram followers, this restaurant has cemented its name not only across the local community but the wider one too. It was featured in numerous blogs and print magazines such as delicious and Qantas magazines.
Turnkey Operation: Merah Restaurant is a ready-to-go operation, primed for a new owner to take the helm with all systems in place for a seamless transition. Fully furnished, sleek design, Rear courtyard, with tall awnings, with heating and cooling.
Large function room upstairs: Can hold 40+ people, but currently used as an office.
Community Support: The restaurant enjoys strong support from the local community, making it a cherished dining destination in Northcote.
This is your chance to own a thriving restaurant in a prime location, offering the potential to double profits by expanding into the lucrative lunchtime market and activating third party delivery apps.
- A fully equipped kitchen with high-quality appliances.
- A beautifully designed and meticulously maintained interior.
- An established online presence and a collection of glowing reviews.
- Most sought-after location in Northcote
- Large premises -- 150m2 double story
- Taking $10,000p/w (Dinner trade only and 500 a week delivery)
- Low rent $961p/w, including a large office currently, can turn into a function space or additional dining space, storage room and staff bathroom upstairs
- Long lease on offer
- With 72 seating capacity
- With full liquor license
- With full commercial kitchen and cool room
- Coffee machine not in use
- Same owner for over 6 years, regretfully sale
- Dinner trade only, potential to double profits with lunch trade and third party delivery apps.
History
Over 6 years merah has fostered the community. They made it through COVID with the help of the local community. The most latest menu change (sept 2023) bringing more customers.
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