Sold

Sydney NSW

Café/Restaurant King St – low rent, high foot traffic location, 3+5 year lease

Description

MAKE AN OFFER – MUST BE SOLD!

OPTION 1 – Keep trading this successful $18k/week business as is

OPTION 2 – Rebrand to your own cuisine at minimal cost right in the heart of Newtown

Are you searching for a prime King Street Newtown licensed café/restaurant space with a good lease, low rent and seating for 80? Priced at less than 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. It 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 $19k per week (FY25). 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!

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Business Listed by

tas-dasios-800x800

Licensed Real Estate Agent and Business Broker in NSW @ GSE Hospitality Brokers

Take-aways, restaurants and later cafes and car wash cafes have been an integral part of my life since childhood. I learnt the trades of hand cut chips, filleting fish, making burgers, being a barista, being a waiter, being a cook and on top of all that, producing quality and providing excellent customer service. The initial stages were part of the family business, but later became a choice to support my studies or a change of direction in life.

I had various corporate jobs and landed in a regional role in a large coffee franchise. Here I supported franchisees to effectively (and efficiently) run their businesses from reducing cost of goods and wages, marketing their business both from behind the counter and through local area marketing, sampling activities and providing robust business plans. If you fail to plan, you plan to fail was the motto.Though the process, we were able to understand in detail the business and were subsequently able to make the right decisions for the future direction of the business – whether to continue and increase sales and profit, realise that the full potential of the business has been achieved or accept that the business trajectory is not where it needs to be and therefore create an exit plan.

After a while I decided that I could provide this service to a lot of businesses and industries and got my broker’s licence and started servicing NSW in consulting and selling. I co-authored a book titled ‘Show You the Money’, a business KPI handbook given to prospective and current business owners when engaging the consulting services to assist and guide them through their business decisions. Selling at the right price and time was proving to be the decision most business owners were asking for – and I was only too happy to help! After a few years, I was asked to be involved in a start-up and since then I have been involved in five start-ups, but the passion for hospitality remained.

I believe relationships are the cornerstone of any business and creating the open communication channels and informing the vendor and the buyer of the progress of their venture is paramount. Couple this with the vast experience that I bring, I am able to effectively communicate with both parties with authority and insightfulness. I look forward to sharing your business thoughts and plans and obtaining the best possible results for your business.

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