Listing status: Inactive
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RASHAYS Restaurant Loganholme Brisbane! $400k return to working owner operator! Brilliant Location!
RASHAYS Restaurant Loganholme Brisbane! $400k return to working owner operator! Brilliant Location!
Industry :
Food/HospitalitySub Industry :
RestaurantRASHAYS® currently has 32 locations across NSW, VIC & QLD, feeding over 60,000 customers per week who have grown to love their unique concept.
You will find RASHAYS serving up great food in a relaxed dining atmosphere. They have been giving the people of Australia exceptional casual dining experiences for more than two decades, earning a reputation for trust, quality, affordability and enjoyment.
Logan Hyperdome Shopping Centre is situated in Loganholme. It is the largest shopping centre in Logan City and one of the largest single storey shopping centres in Australia.
Event Cinemas operate a cinema complex within the centre, situated within eyesight of RASHAYS Loganholme.
Features of RASHAYS Loganholme include:
Large Restaurant and alfresco eating area boasting45 Tables 130 Chairs Inside and 14 Tables 50 Chairs Outside
Long Lease - expires 2032
Rent is $17,854 / month + GST.
Outgoings $5,090 / month + GST
Promotion Fund 5% of Rent (Capped at $10,000)
Approx 4 months Rental Bond is required
Established June 2021
Great and recent fit-out, including kitchen and bar
Franchise Fees 12% of Turnover (Includes Marketing)
Franchise Entry Costs - Included in asking price and includes training
Trading Hours Daily 8.00am 11.00pm
Turnover 2023/2022 was well in excess of $3,000,000
Low 3rd Party Deliveries. 5.2% of turnover. Potential to grow the business if desired!
Well trained staff comprising 3 Supervisors Front, 3 Supervisors Back / Kitchen, Casuals (varies)
Staffing The store is currently run by Supervisors with occasion input from the out-of-town owner. However, it is more suited to an owner operator who should realize great returns for their efforts.
Out of town owner working approx 15 hours per week in the restaurant
The Owner resides interstate. Distance to travel to travel is the primary reason for the sale
Return to an owner operator was in the vicinity of $400,000 EBITDA FY2023
Price is $950,000 + SAV (Estimate $35,000) and includes franchisors entry costs. Negotiable
For more information, please contact:
Reg Butler
0438 189 657
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$950,000
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
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Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
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Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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