Price
$250,000
Profit *
Refer to Broker
Sales Revenue
$365,000
Location
Glen Eira, Bentleigh
Category
Food/Hospitality, Restaurant
Listing #
ME03463
This is a compelling opportunity to acquire a well-presented and long-established Indian restaurant with over 30 years of trading history, operating from a fully fitted and comprehensively equipped premises on a busy main road in Melbourne's south-east.
Originally established in the mid1990s and relocated to its current premises in the early 2010s following a full renovation, the restaurant has built a strong and loyal local following through consistent quality and an extensive menu of authentic North Indian cuisine. Seating 65 diners inside with a licensed capacity of 81, the business operates Tuesday to Sunday for dinners only, supported by a team of six staff including a full-time chef and Owner (chef)
*Annual revenue of $365,000
*Rent at just $5,842 per month
*5+5 lease (commenced February 2024) with further options available
*Liquor licence in place with licensed seating capacity of 81
*Dine-in seating for 65 across a beautifully presented restaurant
*Operating only 6 nights: 5:30pm-10:30pm (Closed Mondays)
*Fit-out renovated at a cost exceeding $500,000
*Genuine sale as owners in their mid-60’s have been operating at their own pace, and are now looking to retire
Contact Sanjay Agrawal today to find out more about this long-established restaurant!
Business Broker: Sanjay Agrawal
Ref: ME03463
Mobile: 0402 023 502
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.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
