Price
$69,000
Profit *
Refer to Broker
Sales Revenue
$350,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME02700
Opportunity to own a legendary Indian restaurant in Ivanhoe Region with hundreds of newly built high-rise apartments and busy Austin Hospital directly across the road. Can be changed to any cuisine. The neighbouring bakery café is one of the busiest in the region.
Features:
*Located on busy Bell Street in a high-growth area
*15 years of profitability with a loyal clientele
*430sqm property
* Revenues: $350,000 PA
*Open for dinners only, 35 hours per week
*Long 20-year lease, seating for 60-80 patrons
*Huge commercial kitchen, licensed till 11pm
*2-Bed Rooms dwelling generating extra rental income of $1900 p.m.
*Genuine sale due to vendor retirement
*Recipes and training for a smooth transition
Established in 2008, specializing in South Indian cuisine, the restaurant offers a unique gastronomic journey, including North Indian, Tandoor, and Indo-Chinese delights. The iconic venue has three seating zones, an inviting bar, and exclusive buffet nights.
A well-equipped kitchen allows for external event catering. With booming local demand for North Indian cuisine, this is a rare chance for a skilled North Indian chef to step in and take the business to new heights. Alternatively, the versatile setup can be seamlessly adapted to any cuisine, thanks to the area’s diverse population and exceptionally high residential density.
Don't miss this opportunity to capitalize on the thriving local market fuelled by a rapidly expanding residential base and an exceptional ongoing commercial growth in this dynamic and promising area.
For more information, contact Sanjay Agrawal at 0402 023 502 or [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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