Currently on offer is a thriving Asian street food restaurant that has been operating for the past 10 years. With its proven track record, this business offers a solid foundation for new or experienced operators. Boasting a loyal customer base and a prime location, it presents the perfect opportunity for a family or a husband-and-wife team to embark on a lucrative hospitality venture deriving $205,000 in net profit per annum!
*Taking $9,000 PW
*Attractive Margins: 73% GP
*60 seats (inside: 25 downstairs and 25 upstairs | outside: 10)
*Has a private carpark
*P&E worth $10,000
*9 years lease
Simon Sheridan and the team at LINK Melbourne are thrilled to present a highly profitable Asian restaurant to the market.
This exceptional business is located in the heart of Melbourne CBD, strategically situated across a prominent hospital and in close proximity to universities, public parks, shopping centres and government buildings. As such, this business is exposed to high volumes of constant passing traffic daily.
Upon entering the premises, customers are greeted with its vibrant, contemporary interiors. It can accommodate up to 25 guests indoors and 10 outdoors, with an upstairs area that could be hired for intimate functions and events, further diversifying the current owners’ revenue streams.
Notably, the premises are fitted with $10,000 worth of essential plant and equipment. Moreover, the upstairs dining area was recently renovated during the pandemic.
Operating five days and six nights per week, excluding Saturday mornings and Sundays, this family-run business is supported by two casual staff members.
Don’t miss this unique opportunity to own and operate a thriving Asian street food restaurant in an incredibly prime location. Contact Simon today to make this business yours!
Listing ID: 17099
Broker: Simon Sheridan
Phone: +61 3 9819 4211 / 0400 858 900
*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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