Restaurant Food/Hospitality Business for Sale

Sydney 

$399,000Play Video

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    Restaurant Food/Hospitality Business for Sale in Sydney

    A Highly Profitable Licensed Thai Restaurant & Takeaway

      An opportunity exists to acquire an established and highly profitable licensed Thai restaurant in a local shopping centre located 30km West of Sydney.

      Location Details
      The restaurant is located in a prominent external position in the local Marketplace shopping centre and is the only restaurant in the centre. It is situated just 30km West of Sydney.

      Potential
      There are tremendous opportunities for growing the business to include further leveraging of the license for on-premise consumption of alcohol to increase sales in this area and take advantage of high margins together with further promotion of the restaurant outside of the immediate local area to increase takeaway and delivery sales in surrounding suburbs.

      The business's only marketing is through its printed takeaway menus and activity on online ordering sites such as Menulog and EatNow. The restaurant also has a website and Facebook page with scope to leverage these further to grow awareness.

      Skills
      The restaurant could be purchased under management or alternatively, the owner could become as involved as they much as they want to in which case marketing skills, staff management, admin or cooking skills could all come in useful.

      Hours
      7 days a week, 11:00am - 9:45pm

      Lease
      Lease expires in April 2021. Base rent approx. $103,270.38 plus GST per annum. Plus, turnover rent of 10% of gross sales.

      Employees
      The restaurant operates with 8 members of staff in addition to the owner who spends approximately 10 hours a week.
      4 part-time casual workers
      4 full-time staff members

      About the Business
      The business was established in 2014 and has built up a loyal following of regular customers. This is a thriving business that has seating for 40+ and also offers takeaway, delivery and online ordering.

      The business operates 7 days a week to capture lunch and dinner trade as the only restaurant in the Marketplace shopping centre. The restaurant offers a comprehensive menu of traditional Thai dishes as well as many house specialties.

      The business sale includes a fully fitted and furnished dining room, equipped commercial kitchen, liquor license, inventory and goodwill. The restaurant could potentially be re-branded and operated as a different style of restaurant if required.

      The revenue is excellent and grew 5.5% from FY2016 to FY2017 with total sales of approximately $1,205,468 and an adjusted EBITDA of $373,542 (net profit after add backs) to the owner in lieu of wages.

      For more information on this exciting opportunity, please contact the undersigned:

      Peter Barrett
      Business Sales Specialist | Business Sales Sydney
      Ray White Business Sales, Corporate Business Sales & Acquisitions
      M: 0474 378 411 T: 1800 858 696 E: peter.barrett@raywhite.com

      For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1849832 to search for the business.

      Disclaimer:
      Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

      Categories:

      Restaurant, Takeaway Food, Cafe/Coffee Shop

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