Hypnothaized Restaurant

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

Web ID: F0812

Business Description

Only a short walk from the sandy beaches of Henley Beach, Hypnothaized brings quality Thai food to the coast. Having been established since 2013, this Thai restaurant has made a name for itself simply by serving delicious authentic Thai dishes and serving them with a smile.

Located on the busy Henley Beach Road, at the gateway of Henley Beach, this is also the only restaurant in this busy precinct. With plenty of floor space, they can comfortably seat 50 inside as well as recently obtaining an Outdoor Dining Permit for 18 which they can now utilise for those wanting to dine outside - perfect timing for the summer months. Licenced for 68 patrons the restaurant trades 5 days per week for dinner sessions and Friday lunches.

The Vendors purchased the business in 2015 from a Thai chef who over a 12 year period designed and developed the current menu/recipes and trained the current head chef. The current vendors are both Australian and run front of house and entrust the head chef and entrée chef with the restaurant's recipes.

At a glance:

  • Coastal Thai restaurant licensed for 68
  • Seating for 50 inside and 18 outside
  • Trading 5 days per week for dinner and Friday lunches
  • Exotic and beautiful fit out
  • Current vendors are Australian and run front of house
  • Thai head chef and entree chef create mouth watering dishes
  • Attractive rent: $303 per week
 

 

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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