Priced at asset value, this business would suit someone willing to take on the current operation or change the offer completely as the Vendor is highly negotiable. Attractive lease and rent and on the golden strip of King Street Newtown – make an offer!
This well-known and highly rated licensed King Street – Newtown restaurant is now for sale!
The hard work of establishing the Asian cuisine in this Inner West gem has been done. This is a well-positioned business with no competition and has prime street frontage in a prime ‘eat street’ precinct with parking at the doorstep. Fully licensed. 80 seats. Not many opportunities like these come to market regularly in the tightly held golden stretch of King Street. Recent refurbishment in 2024. Has been a restaurant since 1991!
Offering unique and quality Asian food, the many 5-star google ratings are a testament to that. It has an impressive turnover of $20k per week. Open 6 nights a week for dinner with lunch on the weekends.
The lease has 3 years remaining, with a further 5 year option. Possibility to extend the lease upon application.
The opportunity here is to capitalise on the location, its history and the existing customer base. Extend the trading hours and introduce further product offerings. Utilise all delivery apps. Training is available! Alternatively, grab the prime position and great lease and create your own offering! Highly negotiable Vendor!