Well Established Indian Restaurant | South Canberra | $15k per week sales

$175,000 Plus SAV

Description

For sale is a popular Indian Restaurant located in the South of Canberra. The Restaurant is well established and enjoys a strong reputation for providing high quality Indian food. The Restaurant is fitted out to the absolute highest calibre with a fit out that cost half a million dollars and it still presents as new.

The Business started in 2012 and in 2017 it moved into its current location which enjoys a spacious 220 square meter footprint with a fully stocked bar and a full commercial kitchen. The owner has recently negotiated a brand new 5 x 5 year lease at favourable rental terms.

The Restaurant seats 80 people comfortably and has an outdoor area that can also be utilised. The business offers its own delivery service as well as utilising external delivery companies. Sales are currently at $15,000 per week and are forecast to grow to around $20,000 in the near future as the business continues to grow.

The business has a strong online presence with a carefully built reputation for offering high quality food and they offer offsite catering and group bookings with a fully functional website

The owner is now looking to retire and pass the business on to new owners who can take advantage of the opportunity to further grow and develop this well established and attractive business.

Sales $15,000 per week

Rent $1,550 per week

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Opportunity

Weekly Sales & Turnover

Turnover (inc GST)

15,000

Rent

1,550

Reference No: RIBN1609

Business Listed by

Robert Illsley

Hospitality Consultant, Licensed Business Broker Canberra ACT @ GSE Hospitality Brokers

Robert Illsley is a licensed Real Estate Agent running the NSW Regional and Canberra office of GSE Business Consultants who specialise in selling food businesses.

I am very passionate about hospitality and have been involved in the industry for much of my working career. I trained as a Fine Dining Restaurant Manager and I have also been involved in the Wine Industry having spent 6 years working for one of th UK’s most well respected merchants.

In 2014 I set up my own specialty coffee shop which I ran for 4 years and I discovered a passion for broking when I came to sell my business. After a couple of bad experiences with brokers I discovered GSE and Paul showed me the right way to sell a business and he helped me to achieve a great price for my café in a reasonable time frame.

I understand that café owners are hard working people and when it comes to selling you want to entrust the sale to somebody who is as passionate about your business as you are.

I believe that selling a business works best in partnership between the broker and the seller and I work hard to gain an intimate knowledge of how your business works and what makes it special and unique and my passion and knowledge for the industry allow me to speak with authority when I am talking to buyers.

It is never too early to develop an exit strategy so if you have been thinking about selling or just want some help to understand what the process will be like when you do, then don’t hesitate to get in touch with me at any time.

Robert Illsley 0415 243 750

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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 the landlord, property managing agent, 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.

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Canberra ACT