Indian and Pakistani Restaurant in hot Foodies Suburb

Listing Number: 26971-85948

Description

This popular Indian and Pakistani restaurant serves curry dishes and other Indian cuisines. Their Chef’s Special Menu includes Karahi, Haleem, Nihari and Traditional Goat Curry.

Although lots of restaurant on this main street, it is the only one Indian and Pakistani restaurant in the suburb, lots of great online reviews and customers come all over the Sydney.

Current taking: $5,500-$6,500/Wk, not including catering for functions they do from time to time.

COGs: $1,000/wk
Rent: $ 814/wk
Utility: $ 279/wk
Labour: $3,113/wk (2 full time Chef, 1 casual floor staff, 1 casual delivery)
Other: $ 240/wk

Profit without owner working in the shop: $29,000 / year.
Profit if new owner works as a full time chef : $92,072 / year

Growth in the area: A new Car Park Building will be built near the restaurant.

Revenue from dine-in, as well as delivery, catering, function booking, etc.

The restaurant is now only open for dinner. The owner suggests to open for lunch as well, at least weekend lunch.

2 full time Chef are on working Visa, the business premise has been approved for sponsoring 457 Visa.

The build-out alone costed over $250,000 with full commercial kitchen and big storage. This restaurant could easily be converted into any type of restaurant. .

Listing Details

  • Price: $100,000
  • Down Payment: $13,000
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location: Hurstville City Council, New South Wales

  • Inventory: $0
  • FF&E: $0
  • Employees: 0
  • Reason for Selling: Owner wants to move to Melbourne
  • Category: Restaurants

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