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Refer to Broker
$600,000
Opportunity to own a legendary Indian restaurant in Ivanhoe Region.
Features:
*Located on busy Bell Street in a high-growth area
*15 years of profitability with a loyal clientele
*430sqm property
* Revenues: 600,000 p.a.
*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.
Don't miss this opportunity to capitalize on the thriving local market thanks to 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 sanjay.agrawal@linkbusiness.com.au
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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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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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