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

Popular Asian Cafe / Restaurant - Parramatta (6 days trade) | ID: 832

Parramatta NSW 2150, Australia
$79,999.00 Cafe Bar Restaurant / Business For Sale
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Summary

Established, busy shop in George Street Parramatta with liquor licence. Top location in Parramatta. 5-star reviews for their quality Korean cuisine.

Revenue

$740,000 pa

Rent

$108,000 pa

About the Business

Price slashed due to legitimate health reasons. Vendor highly motivated.

Recoup purchase price in 5 months

Established, busy shop in George Street Parramatta with a liquor licence.

Top location in Parramatta. 5-star reviews currently trading as quality Korean outlet but the shop could suit other Asian / Indian offerings

Sales 14/15K per week returning 4.5K per week to owner.

This attractive and profitable shop has been operating successfully for 5 years

Very close to courthouses, Riverside theatres, Eat Street and only a few blocks from Parramatta station. Surrounded by many offices, close to hotels and many high profile international businesses.

Key Features:

* Immaculate, clean, large and modern shop space over 160 sqm.

* Modern fit-out, appealing furniture plus extensive equipment list

* Features large kitchen, walk-in cool room, walk-in dry store plus freezer.

* Shop has great indoor seating with 96 seats and 20 tables.

* Strong reputation attained from owner’s passion and commitment to top quality food.

* Currently operating 6 days (not Wednesday) 11 am to 10 pm.

* Attractive lease to March 2025

* Car spot for owner



Potential:



* The kitchen could easily support a conversion to other cuisines.

* Increase daily trading hours plus an additional day per week.

* Increase sales through Uber eats, Menu Log deliveries.

* Potential to build on catering clients



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-832

or visit our Website www.abbabusinesssales.com.au and use the reference #832 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
  • $79,999.00
  • Price Comments
  • Contact Broker
  • Status
  • Business For Sale
  • Business Type
  • Cafe Bar Restaurant