Ivanhoe, Victoria 3079

Chinese & Malaysian restaurant $25000 takings 5.5days PBA

For Sale | $579,000

Restaurant

Located five minutes drive from the suburb of Ivanhoe.
A well known local icon on a shopping strip in a residential suburb whilst some called it the hidden gem.
The restaurant might be plain-looking but a real solid and consistent performer that is packed most nights particularly the weekends.
Well known for its great foods with a very large following of regular clients from across all suburbs of Melbourne.
Trades only 5.5 days from 12 to 3 p.m and 5 to 10 p.m and Sunday 5p.m/10.p.m only and closed on Tuesday.
Taking averagely $25000 per week and 30% from counter pick up take away orders. Strictly no UberEats or Menulog online sales.
Rent: $800 per week + GST. Vendor owns the property and a new lease will be given.
Seating capacity: 70
This is a restaurant with a 32-year history under the same owner and exceptionally profitable.
Rare opportunity for a most genuine sale as the owner wishes to retire and will pass on all the most guarded cuisine that underpinned the success of this great restaurant.
The vendor will also stay on for 6 months if required.
Price: $597,000 neg + SAV
Contact agent Kenny on 0416116601 for details.

Share



Marketing By


Kenny Koh

Business Brokers Network

Overview

This Restaurant Business is one of 102 businesses for sale in Hawthorn, Victoria, and one of 22 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Hawthorn for the asking price of $579,000 and is new to the market.