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Thriving Hospitality Business Fitzroy For Sale

Fitzroy, Victoria, Australia
Asking Price:
$250K - $500K (AUD)
Sales Revenue:
$1,300,000 (AUD)
Cash Flow:
Available on request

**Make An Offer**

This thriving restaurant business has been able to maintain a profit during Covid and has recently launched a 12km delivery option to further broaden their customer base.

It is an Indian Restaurant Business for Sale located on the busy main road in Fitzroy – an excellent location in a busy and well known trendy dining hub, known for nightlife, with trams running right outside the front door.

Established 5 years, this restaurant has a large dining room with seating capacity for 48 inside and a further 4 outside. It has a bar and a well equipped commercial kitchen with a tandoor. Also has a studio upstairs, which is currently used for storage but may be used as a residence.

Has a very well designed website which offers online ordering for pick up or delivery, a visual menu and online booking system. Also has a catering menu and organises special events during the year.

Trades Monday to Wednesday for dinner (5:30 to 10pm) and Friday to Sunday for lunch and dinner. Fully licensed till 1am on Friday and Saturday, until 11pm on Sundays to Thursdays.

Owners work in the business with 3 full time and 8 part time staff.

Currently turning over an average of approx. $25,000 per week. Rent of $1,733 per week which includes the upstairs studio space. Lease of 5x5 commenced April 2018.

Could be run under management as there are experienced and qualified staff in place, which includes chefs.

Current vendors have secured a permit to extend their footpath trading permit to include the street front parking spot out front for further outdoor dining, which will further appeal to their customer demographics.

Vendors have adapted with the changing times thus putting this restaurant in a strong position moving forward.

This restaurant business is well worth an inspection.

The vendor is keen to sell and any serious offers are welcome.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos.

Ref: B13815

Property Information

Location:

Excellent location in a busy and well known, trendy dining hub known for nightlife, with trams running right outside the front door.

Premises Details:

Restaurant has a large dining room, with seating capacity for 48 inside and a further 4 outside. It has a bar and a well equipped commercial kitchen with a tandoor. Also has a studio upstairs, which is currently used for storage, but may be used as a residence

Business Operation

Reasons for selling:

Personal

Trading hours:

Trades Monday to Wednesday for dinner (5:30 to 10pm) and Friday to Sunday for lunch and dinner.

Employees:
Owners work in the business with 3 full time and 8 part time staff.
Years established:
Established 5 years

Other Information

Support & training:

Could be run under management as there are experienced and qualified staff in place.

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