Indian Restaurant – Townsville

AU$89,000
April 14, 2018

Description

Business Overview
This well known fully licensed dine in and takeaway Indian restaurant has been established in Townsville since 2013. Located in one of Townsville’s fastest growing suburbs, the business has the advantage of a high profile corner position in a busy complex of shops and is close to two major supermarkets.  The fitout and equipment cost over $200,000 only 5 years ago. Although current an Indian restaurant, the business but could easily be changed to suit any cuisine.

Facilities & Licences
The restaurant has seating for a minimum of 50 diners and there is also alfresco dining on the footpath. The large kitchen has two entrances, a tandoori oven and a large cold room.

The business has a liquor licence which includes the serving of alcohol on the footpath for alfresco dining.

Sales
Sales are currently between $6,000 – $7,000 per week. The vendor does not undertake any advertising for the restaurant and sales could very easily be increased with an effective targeted marketing campaign.

Business Hours
The advertised trading hours are Monday – Sunday from 5pm – 9.30pm, however, the business is currently operating on reduced hours due to other commitments of the vendor. All of the trading hours are covered by the vendor and casual staff. The lease allows for the opening hours to be extended and it would be beneficial for the new owner to trade at lunch.

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

  • Well established business
  • Fully licensed dine in and takeaway restaurant
  • Prime corner location with good visibility to passing motorists
  • Close to 2 major supermarkets
  • Located in one of Townsville’s fastest growing suburbs
  • Liquor licence
  • Room for expansion
  • Large kitchen with two entrances
  • Large cold room
  • Seating for minimum of 50 diners
  • Licensed for alfresco dining
  • Business is suitable for sponsorship for overseas employees
  • Ample free parking

Reason For Sale
The business has been placed on the market due to the dissolution of the owning partnership.

Business Price
This Indian Restaurant is now being sold on a walk in walk out basis for $89,000 wiwo (neg) – previously listed at $120,000.

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

Location is not the exact address of the listing