analytics

Middle Eastern Takeaway Restaurant - SJ1179

$280,000

Popular Middle Eastern takeaway restaurant operating for over 30 years. Annual turnover has consistently been approx. $1m per year.

Asking price: $280,000

 

  • Currently taking approx. $21,000 per week. Owner willing to trial.
  • Very low rent of $900 + GST per week, with sublease income of $600 + GST, reducing the net weekly rent cost to only $300 + GST!
  • 1.5 years remaining on the current lease with the option to extend for another 5 years
  • Loyal and competent staff enable the business to run almost fully under management. The current owner assists for a couple of hours per week on busy Friday nights.
  • 4 full-timers and 5 casuals/part-timers
  • Very good systems and procedures in place

 

This business has become a local establishment and is hugely popular. The owner is wanting to focus on other business ventures and is offering this fantastic opportunity to a passionate and motivated operator.

Details

Suburb Elsternwick
Property Type Business
Category Food/Hospitality, Food/Hospitality

Tools

Share This Business