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Posted 31/03/2020 in Food and Beverage by ABBA Group

Busy Vietnamese Pho in CBD Surround, inner West, 10 mths ROI | ID: 862

Newtown NSW 2042, Australia
$150,000.00 Restaurant / Business For Sale
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Summary

This Vietnamese restaurant has been established since 2002 and is still going strong. Recently, the business has been taken over by the second generation in the family.

About the Business

This Vietnamese restaurant has been established since 2002 and is still going strong.

Recently, the business has been taken over by the second generation in the family and gone through a renovation in June of this year.

Unfortunately, the current owner cannot continue on the business and needs to sell urgently.

Serving simple traditional noodle dish to takeaway food. All staff in place. Current owner only works as a Cashier.

Asking price is less than a 1-year return. (approx. 7 months only) - Bargain for quick sale! WIWO.

The Rent includes 3 Bedroom Unit upstairs - you can live in it or rent it out.



Key Features:

- Well established and positioned on a busy King Street in Newtown, with main road exposure and plenty of foot traffic.

- Walking distance to University and hospital.

- Just under 2 years left on lease but the landlord is willing to extend terms to the approved buyer on request.

- Low staff costs - can run with 5 employees.

- High Revenue of $17,000 per week.

- Full kitchen and grease trap.

- Approx. 90sqm internal space with seating for 30.

- Includes storage room and toilet

- 3 bedroom unit upstairs included in rent

Potential:

- Current Sales Revenue purely on walk-in customers. Currently No Uber-Eats or Menulog.

- Promote catering and on-line orders to increase revenue.

- Well established easy operation - suitable for first-time owners to start up a business and start earning from day one!



If you like to know more about the Business please complete our online confidentiality agreement here:
https://www.abbabusinesssales.com.au/ca-forms/ca-form-862

or visit our Website www.abbabusinesssales.com.au and use the reference #862 to search for the business.



Whilst every care has been exercised in the preparation of the business profile, the information is intended as a guide only and is based on information supplied to ABBA Group from the seller. ABBA Group give no assurances as to the accuracy of any information or advice contained. That information has not been endorsed or approved by ABBA Group. Prospective purchasers are responsible for accessing the relevance and accuracy of the business profile and urged to seek independent legal, financial and taxation advice.

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ABBA Group

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Member since 02/03/2020

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Listing Details

  • Asking Price
  • $150,000.00
  • Price Comments
  • Contact Broker
  • Status
  • Business For Sale
  • Business Type
  • Restaurant