Asian Cuisine – Busy Restaurant

$350,000 plus SAV

Description

Join a thriving Chinese restaurant group with five successful Golden Lor Restaurants and rapid expansion plans. These restaurants operate under a licensing agreement, eliminating the guesswork of opening a new establishment.

All the groundwork is complete: meticulously developed, tested, and proven menu and recipes, a strong brand with a loyal following, and established supplier relationships.

The newest restaurant is off to an impressive start, generating approximately $30,000 in weekly sales since its recent opening.

We are seeking buyers who share the Golden Lor brand’s passion for food, service, and culture and who are eager to grow with us.

The shopping centres $80 million redevelopment is now complete! As well as adding some stylish new touches, the centre has more than doubled in shopping space, adding 15 new speciality retailers, a new medical centre, a new McDonalds family restaurant and a full line Coles supermarket.

Staff No

The business is currently with four front of house and five kitchen staff - three are full time staff.

Lease Info

8 years plus 1 x 5 year option, 4% rent reviews, 3 months Deposit, Rent $68,010 pa

Trading Times

Monday to Sunday 11:00 am – to 2:30 pm – 4:00 pm to 9:00 pm

Size of Premises

Approx. 120 square metres. – Central toilets, full commercial kitchen and store room. Outdoor seating area.

Opportunity

This is a great opportunity for people in the industry or wanting to get into the industry, to join a brand that has a great reputation and that has the menu, the suppliers and the locations in place. Reduce the risk in opening a hospitality business and join a network of restaurants that provides training and mentoring.

Weekly Sales & Turnover

Wages

$8,500

Turnover (inc GST)

$30,000

Rent

$1,307

Reference No: JMGLK0706

Business Listed by

Julian Mero

Managing Partner of GSE QLD | Senior Hospitality Consultant |Licensed Real Estate Agent & Hospitality Business Broker @ GSE Hospitality Brokers

Growing up in the hospitality industry with my dad owning an Italian restaurant, and my mum owning a ski lodge with a fine dining restaurant, it’s safe to say hospitality is in my DNA!

After I left school I wanted to try something different, so I entered the sporting industry, working at world class companies such as Nike Australia, FILA International and Pacific Dunlop, where I enjoyed and excelled in sales and marketing roles.

I loved my time in the sporting industry, but the itch to be part of the hospitality industry never left me, so when an opportunity came up to invest in and operate a restaurant in Brisbane, I jumped at the chance.

Over almost a decade, I invested in and operated multiple restaurants and a coffee specialty café, I became the National Operations Manager of the group – which eventually established 25 restaurants and 6 coffee specialty cafes trading under The Groove Train and Coffee Hit brands.

In 2015 we sold the business to Minor DKL – the parent company of The Coffee Club. Knowing that the sale was imminent I decided to further educate myself and completed my Masters in Business Administration at The University of Queensland.

In my role at large institutional landlord looking after food and beverage leasing, I have gained extensive knowledge and experience about the site selection process, lease negotiation structures and the details of how the industries best businesses achieve favorable leases.

Having owned, operated, and sold hospitality businesses, together with working for one of the countries premium institutional landlords. my experience is very well rounded. If you need help with the day to day running of your business, growth strategies or with any lease/landlord requirements please do not hesitate to reach out.

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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