Price
$165,000
Profit *
Refer to Broker
Sales Revenue
$500,000
Location
Melbourne, Flemington
Category
Food/Hospitality, Restaurant
Listing #
ME03459
This is a compelling opportunity to acquire a profitable Turkish restaurant and takeaway on one of Flemington's busiest main road thoroughfares, generating $500,000 in annual revenue exceptionally low rent of just $1,272 per month.
Operating five days a week with 24 indoor seats and 4 outdoor seats, the business serves an authentic home-made Turkish menu across gozleme, pide, kebabs and sweets, supported by a loyal and consistent local customer base. Deliveries are handled by UberEats. Running as a lean operation with one full-time owner-operator and 2 casual staff, the business has maintained a low-cost structure that delivers strong profit margins. All plant and equipment is fully owned and in excellent condition, with a full commercial kitchen setup ready to trade from day one.
*Annual revenue $500,000
*Lease of 5+5+5 years (commenced 2022)
*Rent at only $1,272 per month
*Security deposit at $16,000
*P&E valued at $100,000 plus, included in the sale
*3-bedroom upstairs residence (some rooms already leased out), with flexibility for an owner-operator to live on-site, lease the rooms individually, or sublease the entire house for extra income.
Contact Walid Hijazi today to find out more about this highly profitable restaurant!
Business Broker: Walid Hijazi
Ref: ME03459
Mobile: 0421 379 497
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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