Listing status: Inactive
Reason: --
Beautiful Indian restaurant situated on a busy street and by the lakeside! Liquor Licensed!
Beautiful Indian restaurant situated on a busy street and by the lakeside! Liquor Licensed!
Industry :
Food/HospitalitySub Industry :
CateringAbout the business
Liating Number: 1AU0103
Beautiful Indian restaurant situated on a busy street and by the lakeside, Amazing View and Location! Liquor Licensed!
Asking price $175,000+SAV.
* On offer is a beautiful Indian restaurant with liquor license, which has been operating since 2020.
* This restaurant is on the main and busy street of the town centre, close to local shops.
* It is well reputed for its excellent service and great food.
* Currently only opened for evening service.
* Lease until 2024 with an option to renew on application
* Fully equipped kitchen and all the kitchen equipment are in good condition.
* Fridges, freezers, POS systems and monitors for menu are in place.
* Uber, Menulog and Door Dash delivery options are in place
* Training provided and easy transition.
* A great opportunity for Owner operator.
* Excellent opportunity, vendor asking price is just $175,000.
Revenue and Expenses
* Sales- $43,333/ month approx. with current operating hours 27 hours only ( Revenue from catering not included)
* Rent per Month = $3,846/month
* Wages expenses = $15,600/month approx.
* Monthly net earnings before tax= $10,796/month approx.
Potential
* Increase the trading hours to the early afternoons for lunch as it is on Main Street, close to local shops.
* Expand the menu and the offerings.
* All above should increase the volume of sales per month.
Cost to acquire
* Business: $175,000+SAV.
* 6 months lease bond
* 1 month rental advance
* Legal fees for buying the business and lease transfer cost.
Disclaimer: Photos are for illustration purposes only and may not be the actual images of the business for sale.
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
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Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
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If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
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$175,000
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Buying Advice :
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:
Ensure the seller is 100% verified by us!- 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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The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
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Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
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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