Thai Restaurant - Profits Over $150k P/A - Under Management

North Sydney, NSW

Food/Hospitality / Restaurant, Takeaway Food, Cafe/Coffee Shop
$299,000
Listing ID1828482

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Staff managed Thai restaurant situated within one of the premium Oriental food Hubs on Sydney's Lower North Shore. Exceptional fit-out & high online ratings with multiple media mentions.

Location Details
Sydney's Lower North Shore, please complete the NDA process to source the exact location.

Potential
There is an opportunity for an owner operator to capitalise on the foundation laid out by the previous owners. Current owners are working across multiple ventures & have not been able to maximise the business's potential.

Skills
Restaurant ownership/management skills will be vital due to assignment of the current lease.

Hours
Monday to Sunday, 11am - 10pm

Lease
Lease expires in March 2022, 4 years remaining.
- Extra storage included in the current lease!

Employees
1x FT Chef
9x PT

About the Business
Ray White Business Sales are excited to offer this business to the market, established 2 years ago by locally well-known operators; this business is an exciting opportunity for potential suitors looking to maximise on the potential.

Currently turning over approx. $900k yearly & returning healthy profits (after management) above $150k P/A, the asking price is competitively priced reflecting the vendor's motivation to sell.

Below are a few key points:
- Turnover around $900k* per annum & profits above $150k* per annum.
- The business is in a premium location & is the only restaurant serving Thai cuisine within the oriental food hub.
- Business is run under management.
- Lease expires in 2022, attractive 4 years remaining to be assigned.
- Excellent processes & procedures in place, ready for potential to be maximised via a working operator.

For more information on this exciting opportunity, please contact the undersigned:

Jonathon Holland
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0426 828 952 T: 1800 858 696 E: jonathon.holland@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1828482 to search for the business

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.