Listing status: Inactive
Reason: --
Popular Asian Restaurant Located in Busy Central Location! Vendor Finance TAP!
Popular Asian Restaurant Located in Busy Central Location! Vendor Finance TAP!
Industry :
Food/HospitalitySub Industry :
RestaurantAbout the business
Due to an impending return overseas of the owners, this profitable modern Asian restaurant and fine tea bar is now on the market to be sold.
Since its establishment in January 2022, the restaurant has already achieved a cult following, excellent Google reviews, and a Local Business Award 2023 for Outstanding Restaurant. With an endless stream of customers from all over Canberra, it is especially popular among the locals.
The dishes are made with authentic and traditional ingredients allowing their customers to experience a long-established cuisine in a fine dining atmosphere. In addition to this, their fine tea is a truly unique experience and very popular with their customers. They also serve beer and wine.
With a high-quality and award-winning fit-out, the restaurant seats 40 inside and 12 outside. It is situated in a very busy and highly visible location on one of the main streets in the area.
Other Features:
- potential to increase hours as only open limited days and times to suit owner's lifestyle
- potential to expand the outdoor area which is already part of the lease
- bathrooms serviced by body corporate
- could be easily repurposed to any cuisine or theme
With the hard work already done establishing this unique and popular restaurant, this is a great opportunity for someone new to take over the reins and continue its success into the future.
Don't delay making an enquiry TODAY!
Sale Price $295,000 + SAV Negotiable
Note: Vendor finance is available to approved purchasers only.
For more information on this exciting opportunity please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au
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$295,000
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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!
- 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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