About the Business

This architecturally designed dining destination opened in 2016. A busy location in Mermaid Waters (a highly affluent coastal suburb) with plenty of walk by trade.

Weekly sales averaging $16,000 gross over the past two years only cements this premium location.

A perfect footprint offering 20 seats inside, and up to 80 seats outside (ability to reduce to 40 seats mid-week to mitigate labour).

The owners have recently opened a new venue elsewhere and are no longer able to split their time.

This is a WIWO sale, in a busy location, with a fully set up restaurant. No expense has been spared with all high end equipment.

Top line sales, BAS to verify sales, and lease will be made available.

Setting this restaurant up from scratch would cost at minimum $500,000 with todays rising costs. This is a steal!

Lease Details
Expires 13/12/2025
Options 2 x 3 years
3% Increases

Premises Details
Rent and outgoings - approximately $72,120 per annum gross.
Floor area - internal - approximately 60 sq metres - seats up to 20.
External area - seats approximately 40 with an additional deck area for busier nights - another approximate 40 seats.
Total seats - up to 90 - 100 for busier nights.
Abundant parking directly out front.
Bar with keg system, Hoshizaki ice machine, La Marzocco 1 group all owned outright
Fully kitted out kitchen with walk in cool room, with top of line equipment, including, multiple fryers, six burner with oven and plenty of underbench rerigferation and freezer space.

Staff Details
1 Full time Chef
2 casual cooks
1 x FT Front of house
3 Casual Front of house

Opening Hours
Monday Closed
Tuesday Closed
Wednesday 11:30am - 3pm, 5:30 - 8:30pm
Thursday 11:30am - 3pm, 5:30 - 8:30pm
Friday 11:30am - 3pm, 5:30 - 9pm
Saturday 11:30am - 3pm, 5:30 - 9pm
Sunday 11:30am - 3pm, 5:30 - 8:30pm

Opportunity
This business has received exceptional media coverage, has 8315 Instagram followers, and is well known as a premium offer of Modern Asian.
4.5 Google rating with over 300 reviews
Increase service hours
Open 7 days and nights.
Open earlier for the breakfast crowd, we need more Asian style breakfasts!

Often requested for full service catering but owners are time poor. A huge market on the GC in a highly affluent suburb.

**Weekly**
Sales $16,000
Rent $1,386