Price
$149,000
Profit *
$206,000
Sales Revenue
$806,000
Location
Mornington Peninsula & District, Mccrae
Category
Food/Hospitality, Cafe/Coffee Shop
Listing #
ME03157
Available for purchase is a highly profitable restaurant along the Mornington Peninsula serving authentic Thai fare. It is strategically positioned in a beachfront setting, attracting locals and tourists with plenty of repeat customers. With all assets and a team in place, the business is ready for immediate operation post-sale, waiting for a new owner to take it to its next level.
*Taking $806,000 PA
*GP at $152,000 (FY24)
*EBITDA at ~$207,000 (FY24)
*4-day operation
*New lease
*Full Commercial Kitchen
*4.3 Google rating – based on 200+ reviews
The business is along the idyllic Mornington Peninsula coastline, attracting small to large groups of locals and tourists. Its premises are well-appointed, with charming indoor dining and alfresco areas – both fitted with a contemporary yet relaxed design and providing diverse seating options.
The double-fronted shop occupied by the business is fully equipped, with a commercial kitchen complete with fryers, grill, burners, double wok, large prep area and dishwashing area, one walk-in cool room and large storage facilities. All necessary assets will be included in the sale, enabling the incoming owner to derive revenue immediately.
If you have what it takes to boost this business's success, contact Nick today!
Listing ID: ME03157
Broker: Nick Kolaitis
Phone: 0411 428 161
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.
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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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