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Restaurants For Sale in Parramatta Sydney NSW

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No-frills Vietnamese Restaurant In Growth Area, Parramatta Nsw

Location:Parramatta, Sydney, New South Wales

Category:Restaurant, Hospitality and Tourism

Asking Price:$95,000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • No-frills Vietnamese Restaurant In Growth Area, Parramatta Nsw

Business description

This is a very well known and loved Vietnamese restaurant in the heart of Parramatta.

The business:

> Has good trading figures and full financials will be provided on request.

> Is located on a very well-known and busy street in Parramatta, the geographical centre of Sydney, Australia’s 4th largest CBD and currently undergoing one of the largest urban renewal developments in the country.  It is within walking distance to the high-rise CBD buildings.

> Operates from a large footprint of approx 160 sq metres, with a wide frontage.

> Has significant potential to increase sales revenue, by an enhanced take-away service and weekend trading.

> Is currently run under management, as the current owners operate 6 restaurants around Sydney.

> Is very well known and loved by the clientele.

Commencement Date

Circa 2008

Year this owner acquired the business

2014 

Owner/s reason for selling

The owners are of retirement age and now wish to lighten their workload

Staffing

4-9 x Casuals (incl. Manager)

Listed Price $95,000 excluding stock (at value)

Owners Weekly Earnings (Estimated) Approx $2,500*

* Subject to confirmation by accountant

Property & Lease Details

Current Term End Date A new lease will be offered

Currently Monthly Rent $5,367 + GST

Option period/s To be negotiated

Review Terms To be negotiated (currently CPI) 

Renew Options To be negotiated

Bond / Security Currently 1 Month

Other Outgoings Outgoings included

Area Total area 160 m2 sq (approx).

Employees

The restaurant is currently managed by one of the casuals.  All staff are available to remain with the business.

The Potential for Growth

This business has significant potential for growth, as:  

• It is in a prime location with fantastic exposure

• Parramatta is about to ‘explode’ – see below

• A simple and low cost ‘make-over’ will considerably enhance the attraction of the restaurant 

• Modernising the menu, imagery and providing an enhanced and perhaps dedicated take-away counter will increase revenue

The Re-development of Parramatta

Parramatta CBD, is the geographical centre of Sydney, it is Australia’s 4th largest CBD and currently is undergoing one of the largest urban renewal developments in the country.

Plant & Equipment

A full list of the plant & equipment will be provided at request.

The Menu

Available on request.

Conclusion

This is a very desirable business:

> It has a prime location with excellent frontage

> A very well known and much-loved restaurant

> It has the potential for significant revenue growth, with a simple make-over, enhancing the take away service and extending the trading hours

> It is in the heart of one of the largest urban redevelopments ever undertaken in Australia

All the hard work has been done to put this business on the map and now is beautifully poised for the new owners to take the business to the next level and beyond.

 

Other Information

    Transworld Business Advisors - Parramatta
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