Listing Number: 32457-352095
Takings: $ 420,000 pa | Rent $48,984 pa | $942 pw
OWNERS EARNINGS / NET PROFIT: $ confidential
FULLY LICENSED, versatile and well-established Restaurant strategically located in a highly sought shopping strip. With little local competition, the current setup could easily be used for any; Thai, Chinese or similar style cuisine.
Close to Frankston beach, Bayside shopping centre + Train station. Situated on main road with ample parking front and rear. Large hotel - stone’s throw away, multi-unit complex complete mid 2019 close by; 50 + units.
2021 3x3 Options 130 Sqm Approx.
Lunch: Wed to Fri 12.00 pm to 02.30 pm
Dinner: Wed to Mon 5.00 pm to 10.00 pm
1 x chef | 2 x casual waitresses | 2 x kitchen hands | 1 x dish washer | Total 100 Hrs- currently on government payback scheme to inherit also if desired.
Customer Service, staff Management, basic administration, ordering drinks and monitoring cost of goods- (included in training)
The business is ready for growth and would benefit any new owner to either simply take over and run status quo or ramp up with Database Marketing, Brochure Drop, Social Networking. Local council set to spend $2.5 mil on waterfront and prime opportunity to have stalls at local council events to promote and increase sales.
Current setup would suit any cuisine. A perfect canvas with all the hard work in place to take to a new level.
Reason for Sale
7-year trading history.
About the Business| Owners contribution
Current owners’ contribution: To prepare the venue for service, oversee staff, liaise with clients and suppliers. This includes dealing with general business, payroll/accounts, staffing, stock control, booking functions, quoting function packages.
Currently the vendor operates this business, working 40 hours per week.
Currently servicing multiple parties. The Restaurant has provisions and space to incorporate a buffet service for events and festival gatherings, very popular to the area.
With little local competition this Restaurant has been established for 7 years.
An excellent set up for up to 100 plus patrons. The business offers huge growth potential for an experienced chef/operator to capitalise on this fully functional and vastly equipped Restaurant.
Selling for family issues, this is a bargain for an astute operator who knows the costs involved in finding, designing, equipping, gaining council approvals, licensing, then staffing, opening and ramping up a functional Restaurant.
With all the hard work in place, it’s on a plate…….
• Full license
• Main shopping strip - lots of parking and passing trade
• Massive fully fitted commercial kitchen- $40 k exhaust hood, grease trap, woks station, walk in cool room, 6 x burner stove, commercial dish washer, double sink and rinse arm, auto deep fryer, 3 x microwaves, commercial hand blender $3 k, chest freezers x 3, smoothie maker.
• Fully equipped and spacious front Bar area, POS with 2-year warranty
• Natural wood finishes
• Ambient dining room- great acoustics, noise reduction
• Reception desk with full Sony karaoke stereo and sound system, Canon fax machine
• As new- crockery, glass ware and cutlery
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $35,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Inventory: $0
- FF&E: $0
- Reason for Selling: Family issues
- Category: Restaurants