Summary
This hidden restaurant has dazzled the public for years with its authentic Thai cuisine. Open for lunch and dinner its family atmosphere, great service, and reasonable prices make it a joy to visit.
Location Details
Located in a secret location in the centre of the busy Springvale shopping precinct.
Reason for Sale
Retirement
About the Business
We can’t tell you exactly where it is, but we can tell you it has dazzled the public for years with its authentic Thai cuisine including Pad Thai, Pad See Ew, Red Curry and Panang Curry, Boat Noodles and Sukothai Style Noodles. Open for lunch and dinner its cozy, family style atmosphere, great service, reasonable prices and friendly and helpful staff make it a joy to visit.
Tucked away in a back alley this hidden restaurant is open for lunch, dinner and for takeaway meals. It combines two shops to make one restaurant with fully equipped kitchen and bar (with BYO licence). Annual turnover is approx. $435 K and rent for the two buildings is just $6,500 (approx.) per month with a 2x2 lease and options.
The restaurant is open 7 days a week from 10:30am – 8:30pm and operates with a small front of house and kitchen staff of 3-5 persons depending on how busy it is (usually Saturday is the busiest day). The owner has run the restaurant for 10 years but has decided it is time to retire.
It would not be inaccurate to say this is a hidden treasure which can be a cash cow for any new owner and their family. The restaurant would be suitable to remain as Thai but would be equally suited to any other Asian cuisine including Malaysian, Vietnamese, Korean, Cambodian, Indonesian or Indian.
The restaurant comes with all furniture and equipment and includes a free training and handover period.
So, if you would like me to unlock the secret location and give you a chance to inspect, please give me a call or email me using the contact details below.
Price: $150,000 + stock at value
Contact: Alan Maguire, Maguires Real Estate
Phone: 0418 377 038
Email: [email protected]
Web: www.maguiresrealestate.com
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