THAI RESTAURANT SOUTH YARRA $7.5K PW | RENT $815 RENT

Listing Number: 32457-894343

Description

PRICE: $65,000+ (Stock at Value)

Rent $42,380 pa | $815 pw | Plus Rates etc $40 pw exc gst

OWNERS EARNINGS / NET PROFIT: $ confidential
Summary
Set in the heart of South Yarra this fully licensed business has been established for 10 successful years. A huge online presence with rave reviews serviced by cheap rent being the formula for success here.

Location Details
Centre to all Toorak Rd and South Yarra has to offer - at half the rent expected in this prize catchment area of food retail. Within this high-density residential area this position allows for easy delivery/pick-up and convenience for walk-ins to affluent locals.
Lease
Sept 2022 (no increases)
Staff
2 x casual cooks | 2 x casual drivers | Owner works 7 days 5.00 -10.30 pm

Rent
$815 PW

Hours
7 day if desired

Skills
Staff Management, Customer Service, Stock Buying, Cooking if not retaining current staff, Business admin.

Training
3 weeks

Potential
Fully licensed, this business is ready for growth and would benefit any new owner to either simply take over and run then increase sales with Brochure Drop, Social Networking, Price Increases, Extended trading; addition of lunches – lunches currently closed.

Addition of easily obtained ‘delivery liquor license’ to add the service of delivered alcohol to increase sales. $150 per year approx. Only easily obtained as addition to current license, normally a rare license to obtain.

Reason for Sale
Kids health and wellbeing

History
10-year trading history

About the Business| Owners contribution
This business is operating with little to no marketing, has a strong online presence with great reviews and an existing delivery network/system already established with the reputation of current business name.

Currently serving a simple Thai food offer serviced by casual cooks, no chefs required, and staff are happy to stay on with new owners.

Cheap rent and outgoings* allow this business to retain great margins that could only be improved by owner’s contribution to marketing the surrounding abundant catchment and affluent residents.

*Water rates only- no water usage charges, as is a council tenancy, very rare and desired for rental terms and cheap outgoings.

The kitchen is well-proportioned, efficiently designed and fully fitted:


• Double wok station
• 4 Burner Gas stove
• Double fryer
• Double sink
• Good refrigeration
• Full stainless appliances, shelving and work benches
• 2 x Mopeds

Strengths:

• Cheap rent/outgoings
• Strong financials
• Large online following


Keen vendor, inspections sure to impress, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.




Listing Details

  • Price: $65,000
  • Down Payment: $0
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location:

  • Inventory: $0
  • FF&E: $0
  • Employees:
  • Reason for Selling: Kids wellbeing family ilness
  • Category: Restaurants

Business Listed By: