Ready to go Indian restaurant for sale in Tamworth

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Summary

Fully equipped, 30 seater, indoor and outdoor, loyal customer base, strong media. Reason for sale is moving back to India permanently. 120000$ (negotiable for potential buyers).

Revenue

$38,000 pm

Rent

$3,700 pm

Expenses

$25,000 pm

Net Profit

$12,000 pm

Location Details

Peel st.
Peel st (Main street, busy location)

Potential

There is huge potential for growth as the town expands rapidly. The Council has set a target to construct hundreds of new houses and increase the population to 100,000. Additionally, a new university is under construction, which is expected to boost the student population.
* Fully equipped kitchen: Immediate operation.
* Loyal customer base & strong social media.
* Liquor license potential.
* High foot traffic area in Tamworth's Peel St.
* Indoor/outdoor dining (30 seats).
* 407 Visa sponsorship.( Can sponsor 2 candidates per year).

Skills

* Financial Acumen
* Business Management
* Negotiation/Due Diligence
* (Ideally) Hospitality Experience

Hours

Trading hours: Tuesday- Sunday 11am
To 9pm

Lease

3yrs+ extendable

Employees

1 full time chef+ 4 part time

Reason for Sale

Owners moving back to India permanently.

About the Business

The restaurant comes with good will and all items recipe included. Two weeks free training can be given at the hand over process of purchase.

* This is a genuine and exciting opportunity for an enthusiastic individual or group to step into a restaurant business and immediately capitalize on the solid foundations already established. The asking price for this venture is $120,000, and the sellers are open to negotiation for seriously interested parties who share their excitement for the potential this restaurant holds.

* A fully equipped commercial kitchen ready for immediate operation, a developing loyal customer base, an established and active social media presence, favorable lease terms currently in place, potential for a liquor license to further boost revenue, and its prime location in a high foot traffic area of Peel Street. Furthermore, there is significant untapped potential for growth and expansion, allowing a new owner to truly make their mark.

* The restaurant boasts a welcoming ambiance and features both indoor and outdoor dining spaces with comfortable seating for 30 patrons. A significant asset is the fully equipped commercial kitchen, ready for immediate service. The sale includes all essential equipment, fixtures, and fittings, ensuring a seamless handover to the new owner.

History

Established in March 2023 and taken over in November 2024, is now on the market due to unforeseen reasons the Owners are moving back to India permanently. This presents a fantastic chance to acquire a fully operational and well-equipped business situated in a high-potential area of Peel Street.

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