Thriving American Themed Family Restaurant in Adelaide — FOR SALE

100% Under-Management Dine-in/Takeaway in Prime Northern Suburbs Location

Industry type:

- Convenience Store

- Restaurant

- Takeaway Food


Asking Price:

$239000

Country

Australia

State

South Australia

EBITDA

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Revenue

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EBITDA multiplier

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Business information

Thriving American Themed Family Restaurant in Adelaide — FOR SALE

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Australia


Business verification
Email
Phone number
Key Strengths:
Huge growth potential
Great foot traffic location
Loyal
repeat customers

About the business

Accelerate Business and Franchise Sales, powered by Eden Exchange, proudly presents an unparalleled opportunity for an experienced or first-time operator to acquire a highly successful food business.

Act now – this is an opportunity you won't want to miss!

KEY FEATURES OF THE BUSINESS

  • Low Rent and Favourable Lease Terms: Enjoy an excellent rental rate at $3,642.24 ex GST and outgoings; coupled with a secure lease spanning 3 + 5 + 5 years.
  • Ideal Trading Hours: Operates Monday to Thursday from 4.30pm to 10pm; and extended hours on Friday to Sunday from 11am to 10pm.
  • 100% Under Management: Benefit from a fully trained team including a dedicated full-time, well-trained chef; allowing for a seamless transition to a new owner.
  • Effortless Operations: Featuring an uncomplicated menu with no complex recipes; the business requires minimal oversight – just walk in and start generating revenue!! 
  • Turnkey Operation: All equipment is in excellent condition, and the sale includes a trial period for added peace of mind.
  • Impressive Sales Turnover: Currently achieving an average weekly sales turnover of $17,000 (Inc GST), showcasing the business's robust performance.
  • Diverse Delivery Channels: Leverage revenue streams through UberEats, MenuLog, and the businesses own app.

POTENTIAL

  • Strategic Promotions: Unlock further growth potential by implementing targeted promotions to boost sales. The current owner is too busy to do any of that.
  • Cost Optimization: A more hands-on operator has the opportunity to reduce overheads and enhance cost-effectiveness.
  • Extended Trading Hours: Despite its thriving status, there is room for expansion by extending operating hours.
  • Vendor Support: The vendor is willing to provide a comprehensive handover, ensuring a smooth transition for the new owner. Although currently fully under management, the business is primed for transfer to its next successful proprietor.

SALE PRICE: $239K + stock at value

Act Now!

This exceptional opportunity awaits your vision and entrepreneurial spirit. Don't miss out – contact your specialist broker, Shweta Sharma, at 0432591529 or leave an inquiry in the provided spaces. Seize the chance to own a lucrative business in a prime Northern Suburbs location!

Buying Advice

Before making an offer

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. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, 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 etc
  • Make sure it’s the right business for you!
About NDAs & other legal requirements

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. 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.

How to complete a transaction

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

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