FULLY EQUIPPED ASIAN RESTAURANT WITH RESIDENCE. URGENT SALE, MAKE AN OFFER
Industry :
ProfessionalSub Industry :
BrokerageAbout the business
Phone enquiries - please quote property ID 19606
Situated at the south end of busy Glenferrie Road this well equipped Asian Restaurant can be purchased at a very cheap price! Part of the main shopping strip, this Asian cuisine style restaurant known as ‘Tarim Diyari’ was previously ‘Lao Tuojia’. New owners now must urgently return overseas due to ill parents.
THIS IS AN URGENT SALE AND OWNERS WHO PAID OVER $100,000 WILL LOOK AT ALL REASONABLE OFFERS AND THE HIGHEST BIDDER WILL SUCCEED! SO BE QUICK!
The restaurant is very neat and tidy with nothing else to do. Nice décor, clean with a nice atmosphere.
Currently trades 7 days per week for lunch and dinner. The restaurant seats around 40-50 people and is licenced for BYO. There is a good commercial kitchen with dishwasher, 4 door freezer, stainless steel benchtops, shelving and a commercial deep frying/wok gas burner for 3. It has continuous water flowing to cool down. Plenty of street carparking for customers.
RESIDENCE:-
This is included in the lease, so new owner could either live in or rent out.
THE LEASE:-
Currently for 4 years remaining with further options. Lease is very reasonable $5500 per month for the whole premises.
FURTHER POTENTIAL:-
Because of the location this could easily increase in takeaway lunch and dinners! There are both many businesses and residences in the area.
THIS IS A GREAT OPPORTUNITY for a chef or a person always wanting to own their own restaurant business. Small outlay for everything that’s included compared to setting up your own! Genuine reason to be selling – so act fast!
No Agent Business enables you to sell your business or commercial property using a for sale by owner (FSBO) method, without paying any commissions. We cater for all business and commercial property types.
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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!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
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!
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. 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.
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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