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Thai Restaurant For Sale On Iconic Crown Street, Surry Hill

Location:New South Wales

Category:Restaurant

Asking Price:$140000

140000

  • Sales revenue : $450,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill
  • Thai Restaurant For Sale On Iconic Crown Street, Surry Hill

Business description

Located on iconic Crown Street in Surry Hills, just a few metres from Cleveland Street, you'll find Jah's Thai.

Jah's opened 3 years ago after a comprehensive renovation costing circa $220,000, that included a complete fit out with all new fixtures and fittings, and a new kitchen with all new appliances. If you're looking to open a Thai restaurant then you can move in and spend nothing. However, with a few minor tweaks of the decor you could turn this light and airy space into any style you want.

This fully licensed restaurant can seat 55 on the ground floor, which is 120 sqm. The lease currently includes a 2nd floor, and a separate office space. The landlord is more than happy to negotiate a new lease for just the ground floor, or the 2 floors and the office space.

Other Information

  • Selling Assets: Equipment and fixtures and fittings
  • Is Business Relocatable?: No
  • Is Business Home Based?: No
  • Expansion: Currently, Jah’s is open Monday to Saturday from 11am until 9.30pm; later on Fridays and Saturdays. With the proposed redevelopment of the Surry Hills Shopping Village there will be a large construction crew of 100-150 hungry workers looking for a great coffee, breakfast and lunch venue. All food venues in the Shopping Village will be closed and there are only a couple of others in the vicinity. And once the redevelopment project is complete, there will be 157 apartments and a new business district to cater to. Jah’s Is literally across the road and the first shop around the corner from the proposed redevelopment site but far enough away to be out of sight, and away from building noise. Further growth could be achieved by opening the venue on Sundays.
  • Years Established: 2016
  • Employees: 3
  • Trading Hours: Monday to Saturday 11am TIL 9.30pm
  • Support Training: The current staff are happy to stay on , either for the handover or on a more permanent basis.
  • Reason For Selling: The current owner has another restaurant in Newtown, which means he has one restaurant too many, so it’s time to downsize!
  • Lease Terms: New owners are able to negotiate new lease with landlord
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