Upscale Thai restaurant with Night bar in the heart of Sydney CBD. Profitable Thai Restaurant in prime location. Heavy foot trafic, Surrounded by many high rise commercial building, offices and Theater. Near china town and Thai town. If you want a work-life balance business, this is the one you should consider.
Situated in the main shopping centre in Forest Lake, the biggest south-western suburb in Brisbane, this restaurant established in 1998 and the current owner has the business for nine years. Trading is strong under pandemic.
Reason for Sale:Retire
You can extend the trading hour and open 7 days. High population growth area due to many new residential development in the surrounding. The centre where the restaurant is facing a Famous Theater, lots of office and shopping center nearby, it is a tourist must go area.
For those who have the restaurant managing skill is perferable. Owner is willing to stay for 2 weeks for smooth transition.
7 days 10am - 11:00pm , could open 24 hours .
Reason for Sale
A regretful sale as the owners are looking to retire after working and owning 4 successful restaurants for over 10 years.
About the Business
This restaurant has 217 sq meter inside and also a designated first florr dinning & night bar area. And can accommodate 96 seats. The business is made up by take-away 25%,dine in 65% and third party delivery (10%).
The restaurant was established in 2011 and the current owner working and owning 4 successful restaurants for over 10 years.
4 year lease ending in June, 2025; 4% annual increase ; $85k bond.
$5,600 per week , $425 outgoings ; ( now receving landlord rent deduction till COVID ends)
1 owner + 2 fulltimers + 2 casuals. ( befor COVID, 5 Kitchen staff + 7 casuals)
Buyer must have experience and goo financial records.
If you're interested in this business, please feel free to contact JEFFREY LEI via 0405 888 800 for inspection.