Busy Vietnamese Pho in CBD Surround, inner West, 10 mths ROI

Price: $189,000 Location: Inner West, NSW Ref: 5172646
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Busy Vietnamese Pho in CBD Surround, inner West, 10 mths ROI
Price :
$189,000
Category :
Food/Hospitality, Restaurant, Takeaway Food
Full Description :

This Vietnamese restaurant has been established since 2002 and is still going strong.

Recently, the business has been taken over by the second generation in the family and gone through a renovation in June of this year.

Unfortunately, the current owner cannot continue on the business and needs to sell urgently.

Serving simple traditional noodle dish to takeaway food. All staff in place. Current owner only works as a Cashier.

Asking price is less than a 1-year return. (approx. 10 months only) – Bargain for quick sale! WIWO.

The Rent includes 3 Bedroom Unit upstairs – you can live in it or rent it out.

 

Key Features:

  • Well established and positioned on a busy King Street in Newtown, with main road exposure and plenty of foot traffic.
  • Walking distance to University and hospital.
  • Just under 2 years left on lease but the landlord is willing to extend terms to the approved buyer on request.
  • Low staff costs – can run with 5 employees.
  • High Revenue of $17,000 per week.
  • Full kitchen and grease trap.
  • Approx. 90sqm internal space with seating for 30.
  • Includes storage room and toilet
  • 3 Bedroom unit upstairs included in rent

Potential:

  • Current Sales Revenue purely on walk-in customers. Currently No Uber-Eats or Menulog.
  • Promote catering and on-line orders to increase revenue.
  • Well established easy operation – suitable for first-time owners to start up a business and start earning from day one!

 

To receive further information please complete the below registration: 

https://www.abbabusinesssales.com.au/ca-form-862

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5172646#enquire-now

Annual Rent : $130,000 - Weekly Rent : $2,500

Annual Turnover : $884,000 - Weekly Turnover : $17,000

Annual Gross Profit : $613,600 - Weekly Gross Profit : $11,800

Annual Ebit : $234,000 - Weekly Ebit : $4,500

Premise : Leased

Lease Commencement : Jul 2019

Lease End : Jun 2021

Franchise : No

Approximate Stock Value : $4,000

Year Purchased : 2019

Year Established : 2002

Days Trading : 7

Staff : - 5 Casual

Staff Salaries : $166,400

Reason for Sale : Owner unable to continue

Location : CBD Surround, Busy foot traffic

Business Potential : Good as is. Marketing and Online orders

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