This restaurant has a very extensive and impressive menu which is the reason of the popularity of this eatery for not only locals but also for visitors/travelers,.
The same owner, a couple, have been operating since 2005, but, now are ready for retirement.
Thus, a new owner can inherit its history of great reputation.
They are open 7 days a week for lunch and dinner.
Size of the restaurant is 280 m2 for 95 seating.
The property is owned by the business owners, and a new lease will be created for a new business owner.
- Staffing: two business owners work with 6 casual staff on shift.
- Weekly wage: Around $1,300
- New lease:
- Term – 5 years plus option of 1 x 5 years or 3 years plus option of 2 x 3 years
- Outgoings – $9,000/year
- Rent – $950 + GST/week
- Total sale for 2020 – Around $512,000
- Net income for 2020 – Around $143,000 (this does not include the wage paid to one owner $850/week.)
Asking price: $150,000 + SAV ($5,000 – estimate)
For further information about this business, please complete Purchaser Registration and Confidentiality Agreement by clicking Forms/Business on www.forceonerealty.com: or
Please call Sunny on 0433 690 326