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