Listing Number: 32457-515983
PRICE: $ 65,000 + (Stock at Value) Ref # 32457-515983
Takings: $249,000 pa | Rent $59,800 pa | $1,150 pw
OWNERS EARNINGS / NET PROFIT: $ confidential
Vendor finance for the right buyer. Full liquor license and smart fit-out already in place, this business offers an astute operator an opportunity to reap from this prime location and cheap rent. Very well-designed space with full bar and efficient kitchen design. Fully equipped; woks, gas burners, oven, exhaust hood and grease trap. Inspection will surely impress.
Located on busy Chapel Street, situated in the exclusive Windsor dining precinct and nestled amongst an incredible mix of late-night operators and day-time traders, this venue has operated as a Thai restaurant for the past 12 years. Close to train station- one of Melbourne’s premium shopping strips. Ample street parking
There are seven years left on the lease made up of 2+5.
Currently only trading 7 evenings. Option to trade extra 7 lunch and dinners
5 x casuals
Cook, basic business administration, customer service.
The business is ready for growth and would benefit any new owner to either simply take over and run or ramp up with Database Marketing, Brochure Drop, Social Networking, Extended trading.
Owner is not involved day to day. This location, liquor license and current fit-out is ready for a good operator to reap.
Compact shop, well-proportioned close to powerhouse Restaurant (Mr Miyagi). Opportunity to gain customers and bar trade from being next to a restaurant with up to 2 hours waiting time.
Reason for Sale
12-year trading history.
About the Business| Owners contribution
Due to illness, the restaurant has been neglected making this is a genuine opportunity for a strong cook/chef to make her/his mark and enter this dynamic location. With vendor finance in place this is a bargain and the perfect start for a creative operator to tidy at minimum expense this already versatile and functional space and bring back to life and be their own boss.
With council approval, license and long-time established, this a smart buy for a competent operator to avoid expensive fit-outs and delays with councils and building normally required to establish a functional restaurant/café.
The venue has a restaurant and cafe license until 11.00 PM, there is 66 m2 approx. (26 patrons) of internal space and 8m2 approx. of outdoor seating (12 patrons)
Ideal for an owner operator or couple who want to have their own well sought-after Windsor venue which currently only trades from 5:30 - 10:00 each day under management. There is an opportunity to trade later, particularly as a wine bar. There is also good opportunity to cash in on daytime trade.
Take good advantage of the busy Windsor foot traffic and join Mr Miyagi, Bromley & Co, Hawker Hall, and Pidapippo, with Betty’s Burgers (opening soon) who all enjoy the opportunities of busy Chapel St.
• Fully licensed
• Great location- Dandenong Rd /Train Station end | Windsor
• Cheap rent
• Fully fitted and versatile to many different usages/cuisines
• Well proportioned and designed to minimise running/labour
• Vendor finance to qualified buyers
• Strong neighbouring tenants
• Long-time established
• Long Lease
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $40,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Inventory: $0
- FF&E: $0
- Reason for Selling: Illness in Family
- Category: Restaurants