Beachside Asian fusion

$185,000 + SAV ($5,000 approx.)

Web ID: F0812

Business Description

Basking in the beach suburbs boom, this long standing Asian fusion restaurant is ready for new owners to put their own twist on things.

Located in a small group of shops (the only restaurant!) in the popular suburb of Henley Beach and with the locals growing desire for quality entertainment and dining, this family restaurant has plenty more to give. With seating for 50 inside and a further 18 outside, the restaurant trades 5 nights per week and holds a liquor licence for 68 patrons.

Hypnothaized has made a name for itself in this busy precinct. Established since 2013 and offering Thai influenced dishes, the menu could easily be swayed in a different direction for a fresh revamp. There is ample parking available for customers immediately in front of the restaurant making dine in and take away service a breeze. Current vendors work part time in the business and run front of house only.

Perfect for any foodie with a passion for Asian cuisine seeking a life style change.

At a glance:

  • Lifestyle friendly
  • Seaside location
  • Trading 5 nights per week
  • Amazing rent of $300 per week
  • Loyal, regular customer base (marketing database of 2500+)
  • Simple ordering and management systems refined over 6 years of trade
  • Full training in all aspects of business
  • Full recipe disclosure including step by step procedures
  • Consistent trade history backed by full financials
 

 

Melanie Winter 0408 085 932


Extended Price Information

Goodwill including Plant & Equipment $185,000
Stock at valuation (approx) $5,000
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$190,000


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Staff Summary

The current vendors run front of house with an additional four casual wait staff, a head chef an entree chef and some casual kitchen/prep hands and dishwasher

Lease Summary

Current Rent $1,213 per month incl. GST
Lease Term 4 years
Lease Commencement 1st February 2017
Right of Renewal 1 x 4 years
Outgoings Paid by tenant
Adjustments 3% per annum
Current Rent

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