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Restaurants For Sale in Upwey Melbourne VIC

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Asian Restaurant Business For Sale Dandenong Ranges

Location:Upwey, Melbourne, Victoria

Category:Restaurant, Takeaway Food

Asking Price:Undisclosed

200000

  • Sales revenue : $8,000 pw
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Asian Restaurant Business For Sale Dandenong Ranges
  • Asian Restaurant Business For Sale Dandenong Ranges
  • Asian Restaurant Business For Sale Dandenong Ranges
  • Asian Restaurant Business For Sale Dandenong Ranges

Business description

This long established Chinese Restaurant Business for Sale is a hidden gem in the Dandenong Ranges. Established 42 years, it is well known among locals for its good food and good service.

Has an excellent main road location in Upwey, with plenty of parking for customers and is also close to the station.

• Large dining room with seating capacity for 70 people.

• Has a commercial kitchen and a walk in cool room

• Does a brisk takeaway business as well

• Currently has short trading hours of 4.5 days: Wednesdays to Saturdays 12 - 10pm, Sundays 4 to 10pm. Closed Mondays and Tuesdays.

• Vendor works with 1 full time staff and 6 part time staff

• Turning over approx $8,000 per week

• Rent of $984 per week

• Lease terms of 3x3

• Current vendor wants to retire after running the business for 32 years.

Lots of potential in this business as the current owner has done no marketing and only trades 4 and a half days. New owners could increase trading days or sign up with a food deliver App such as Uber eats or Menulog.

Perfect for an entrepreneur to build on this restaurant which already has a great reputation in this area.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos on on [Phone Number Censored] or [Email Censored]

Other Information

  • Years Established: 1977
  • Employees: 1 FT owner, 1 FT and 6 Casual staff
  • Trading Hours: Trading 5 days - closed on Monday and Tuesday
  • Reason For Selling: Retirement
  • Lease Terms: 3x3
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