A Profitable Asian Restaurant With A Strong Local Following $99,000 (16868)

This business is a long-established restaurant that has cultivated a strong following for its tasty and high-quality Asian fare. It was acquired by the current owner in 2011 and has since grown continuously, owing to the fast growth of Footscray itself. It is fully set up and ready for operations, waiting for a new owner to take over and take it to its next level!

*Taking $7,000 PW
*20-year lease (commenced 2010)
*Cheap rent ($1,000)
*Newly renovated
*Substantial seating capacity
*Comprehensive asset list
*Fast-growing location
*10 pm license

John Zhang and the team at LINK Melbourne are thrilled to present a well-established Asian restaurant to the market.

It is a longstanding operation that has been successfully run by the Vendor for over a decade, owing to high-quality offerings and a loyal customer base.

It is positioned on a bustling main road, visible to high volumes of pedestrian and motor traffic daily. There are also over 10,000 new apartments that have been recently developed just 100 m from the business, broadening its catchment area dramatically.

Its licensed premises were newly renovated only a year ago, fitted with a comprehensive range of assets, including dishwashers, fryers and working benches, among other equipment required for its current level of operations. All of these will be included in the sale, regularly maintained and in almost new condition.

It is supported by a full team, including four full-time and one part-time staff, plus two owner-operators who are also working in the business. Purchasers seeking to follow suit and run the business themselves will have no trouble doing so, considering the simplicity of operations.

With increased marketing and a commitment to ensuring quality offerings, the business is on track to further growth, making it a worthwhile investment for any motivated purchaser.

If you like what you just read, give me a call to learn more. Let’s start talking about your today!

Listing ID: 16868
Broker: James Wang
Phone: 0488 940 561
Email: james.wang@linkbusiness.com.au