Summary
Ready-to-go restaurant in Tamworth's Peel St for sale! Fuly equipped, 30 seats, indoorloutdoor, loyal customers, strong social media. Visa issues force sale. $125k neg.
Revenue
$36,000 pm
Rent
$3,700 pm
Expenses
$25,000 pm
Net Profit
$11,000 pm
Location Details
Peel street
Potential
* Fully equipped kitchen: Immediate operation.
* Loyal customer base & strong social media.
* Favorable lease terms.
* Liquor license potential.
* High foot traffic area in Tamworth's Peel St.
* Indoor/outdoor dining (30 seats).
* Growth & expansion potential.
* Established (launched Mar '23, new owners Dec '24).
* All fixtures/fittings included.
* Opportunity for new culinary vision.
* Priced at $125k (negotiable).
* Visa issues prompt sale - genuine opportunity.
Skills
* Financial Acumen
* Business Management
* Negotiation/Due Diligence
* (Ideally) Hospitality Experience
Hours
Trading Hours: Tuesday - Friday 11am to 9pm
Lease
3.5 years
Employees
5
Reason for Sale
Business partner's visa (who's also full time chef) issues prevent further involvement, necessitating a reluctant sale despite the restaurant's potential.
About the Business
Opportunity knocks in Tamworth! A promising restaurant, established in March 2023 and taken over in December 2024, is now on the market due to unforeseen visa complications affecting a business partner. This presents a fantastic chance to acquire a fully operational and well-equipped business situated in a high-potential area of Peel Street.
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.
While the current culinary concept has demonstrated strong initial promise, this venture offers an ideal platform for someone eager to either continue its trajectory or introduce their own unique gastronomic vision. The groundwork of establishing the business is complete, saving a new owner considerable time, effort, and initial investment.
Key highlights of this opportunity include: 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.
This is a genuine and exciting opportunity for an enthusiastic individual or group to step into a turnkey restaurant business and immediately capitalize on the solid foundations already established. The asking price for this venture is $125,000, and the sellers are open to negotiation for seriously interested parties who share their excitement for the potential this restaurant holds.
The reason for this reluctant sale stems from unforeseen visa constraints affecting one of the current business partners. Despite the initial excitement and good intentions behind launching and operating the restaurant, these visa issues are now preventing the partners from moving forward and fully realizing the opportunity's potential.
For further information or to arrange an inspection of this exciting business opportunity, please contact SK. Don't miss out on the chance to own a ready-to-go restaurant in a promising location!
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