No-Frills Vietnamese Restaurant in Growth Area, Parramatta NSW
This is a very well known and loved Vietnamese restaurant in the heart of Parramatta.
Has good trading figures and full financials will be provided on request.
Is located on a very well-known and busy street in Parramatta, the geographical centre of Sydney, Australia’s 4th largest CBD and currently undergoing one of the largest urban renewal developments in the country. It is within walking distance to the high-rise CBD buildings.
Operates from a large footprint of approx 160 sq metres, with a wide frontage.
Has significant potential to increase sales revenue, by an enhanced take-away service and weekend trading.
Is currently run under management, as the current owners operate 6 restaurants around Sydney.
Is very well known and loved by the clientele.
Year this owner acquired the business
Owner/s reason for selling
The owners are of retirement age and now wish to lighten their workload
Staffing 4-9 x Casuals (incl. Manager)
Listed Price $95,000 excluding stock (at value)
Owners Weekly Earnings (Estimated) Approx $2,500*
* Subject to confirmation by accountant
Property & Lease Details
Current Term End Date A new lease will be offered
Currently Monthly Rent $5,367 + GST
Option period/s To be negotiated
Review Terms To be negotiated (currently CPI)
Renew Options To be negotiated
Bond / Security Currently 1 Month
Other Outgoings Outgoings included
Area Total area 160 m2 sq (approx).
The restaurant is currently managed by one of the casuals. All staff are available to remain with the business.
The Potential for Growth
This business has significant potential for growth, as:
• It is in a prime location with fantastic exposure
• Parramatta is about to ‘explode’ – see below
• A simple and low cost ‘make-over’ will considerably enhance the attraction of the restaurant
• Modernising the menu, imagery and providing an enhanced and perhaps dedicated take-away counter will increase revenue
The Re-development of Parramatta
Parramatta CBD, is the geographical centre of Sydney, it is Australia’s 4th largest CBD and currently is undergoing one of the largest urban renewal developments in the country.
Plant & Equipment
A full list of the plant & equipment will be provided at request.
Available on request.
This is a very desirable business:
It has a prime location with excellent frontage
A very well known and much-loved restaurant
It has the potential for significant revenue growth, with a simple make-over, enhancing the take away service and extending the trading hours
It is in the heart of one of the largest urban redevelopments ever undertaken in Australia
All the hard work has been done to put this business on the map and now is beautifully poised for the new owners to take the business to the next level and beyond.
This business is listed in conjunction with Transworld Business Advisors Parramatta