FoodWorks Mount Isa & Sunset Restaurant

AU$275,000
August 24, 2019

Description

Business Overview
This is a fantastic opportunity to purchase TWO  businesses for the price of ONE – a popular supermarket and a licensed Indian restaurant!

FoodWorks Sunset
FoodWorks Sunset is located at 43 Sunset Drive, Mount Isa and was purchased by the seller in 2015. The business is ideally located in a high profile corner position with ample car parking.

FoodWorks prides itself on its fresh, contemporary approach to retail whilst still retaining a friendly, community-focused relationship with its customers. The past few years has seen the brand go from strength to strength, becoming Australia’s largest truly independent supermarket group. There is also the option for the new owner to discontinue trading under the FoodWorks banner and become an independent operator.

The seller works full time in the business and is assisted by 6 employees. The current trading hours are:

  • Monday – Friday: 6am – 9pm
  • Saturday & Sunday: 7.30am – 9pm

Sunset Restaurant
In 2018 the seller established Sunset Restaurant, which features a traditional Indian cuisine menu, as well as westernised meals such as steak and burgers. The dine in restaurant is fully licensed, with facilities for 60 diners. It is also available for private events such as weddings, business lunches, celebrations, etc.

Sunset Restaurant is open Tuesday – Sunday from 5pm to 9pm. The business has a professional website with online ordering. Delivery is also available.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Very well established supermarket
  • Option to trade under the FoodWorks brand or change to independent branding
  • Great location in Mount Isa with high exposure
  • Good profits currently being achieved
  • Restaurant sales currently $3,500 to $5,000 per week
  • Ideal business for a couple or family team
  • Professional website for Sunset Restaurant – www.sunsetrestaurant.com.au – and established Facebook page
  • Website for FoodWorks is in construction and will include online ordering with pickup or delivery options
  • Long term lease in place until December 2024
  • Loyal, repeat customer base
  • Good equipment base included in sale

Business Price
FoodWorks Sunset & Sunset Restaurant is being sold for $275,000 plus stock at valuation (estimated at $180,000 – $200,000).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Susan  Butler – 0419 905 463 or susan@beyond2000.com.au

Location