The Restaurant Market is Worth $13.9 Billion. Buy a Restaurant for Sale and Get a Piece of the Pie.
The Restaurant Market is Worth $13.9 Billion.
Whether you are a chef, home cook or entrepreneur looking for your next big move, buying a restaurant for sale could be a great option.
Whilst the growth of the restaurant industry has remained steady over the past five years we are seeing a re-awakening of the hospitality industry after the difficult covid-lockdown periods. With over 2,000 restaurants for sale, there are some great quality establishments ready to take your career to the next level.
After watching the recent episodes of 'Kitchen Nightmares' I have to tell you, it's tempting to find a run-down restaurant for sale, find its faults and turn it around. What a project! It's like home renovations, but next level. Living in Sydney I think we see all types of cuisines, everything from high-end culinary dining experiences, to food trucks thriving at 3 am. There's room for everyone, you just have to create great food and a unique experience that keeps the dinners coming back.
In 2022, the restaurant industry, measured by revenue, is worth $13.9 billion. This is a big market and there are a lot of restauranteurs wanting a piece of the pie. Whether you're looking at a small eatery with just a few tables to a large location housing multiple tables and a large team of chefs, cooks and waiters there are opportunities to be had.
Restaurants can be big money earners, we see listings with earnings like this established restaurant in Melbourne currently taking $145,000 per week and running under semi-management. To a $3,000,000 dollar franchise arriving from China with robot services and a million dollar fit out. Restaurants can be very successful businesses to own if managed properly and catering to their clients.
We take a look at some of the more popular restaurants for sale under the $400,000 price point.
5 Restaurants for Sale under $400,000
1. Award Winning Licenced Restaurant for Sale - Perth, WA
Located in the fast-growing suburb of Two Rocks, Oscar & Sons has been a local landmark since opening in 2008.
Its long-term presence has made it a favourite dining spot amongst the Two Rocks and Yanchep community, and also draws a crowd of travellers making their way to and from the further Northern areas, especially during the summer months. The operator has enjoyed a long and fruitful ownership but is now moving into a well-earned retirement, and is looking to hand the reigns over to the next generation of successful business owner.
- Overlooks the Two Rocks Marina
- Full Liquor Licence
- 80-100 seating capacity
- Beautiful alfresco area
- Trading hours – 5pm to 8pm only
- Huge potential for extended hours
2. Successful Thai Restaurant for Sale - Brisbane, QLD
This Thai Restaurant provides dine-in, takeaway, and delivery services to customers throughout North Lakes, QLD. It has cultivated an excellent reputation among its customers for providing authentic Thai food with generous portions at fair prices. While already a successful business, this Restaurant has avenues for further growth that a prospective purchaser may wish to pursue. A new owner has the opportunity to set up a bar and secure a liquor license to diversify its product offerings and potentially increase revenue.
- FY21 Sales Circa $899k Average FY20/21 EBITDA Circa $162k
- 7 day operations
- Fully managed business
- Outstanding location being within busy food precinct
- Loyal customer base
- Takeaway and Dine in options
3. Restaurant Mexican Cuisine for Sale - Sydney, NSW
This 18 month old Mexican Ozmex restaurant built with passion, taste and flair and would not be bettered as to presentation across the whole of Sydney. Patrons cannot help to be impressed with the visual appeal of the vibrant and colourful environment that the owner has developed in the appealing Mexican theme. Designed to be enjoyed, fully licensed and seating up to 160 in different areas this venue is regularly packed out as the takings indicate. Brand new full kitchen, excellent seating and attractive bar area add to the amenity.
- Current lease through to March, 2026. 3% annual increases and 3 month bank guarantee
- 1 fulltime manager + 4 full time staff and around 27 casuals
- Free standing spacious premises featuring a near new total shopfit with indoor and covered alfresco seating excellent bar and kitchen totalling 350 sq. mts
4. Malaysian Restaurant for Sale - Melbourne, VIC
Well exposed and strategically located just next to Woolworth Supermarket. Enjoy constant flow of foot traffic all day long and ample vehicle parkings for clients. A stable and profitable business with low running costs.
- Taking $20000 weekly and no Uber sales or any outdoor delivery
- Trades 6 days from 11.30 to 2.30 p.m and 5 to 9 pm Tuesday to Thursday and to 10 pm on Sat and Sun
- Low rent of $735 per week + GST for such an ideal location
- Lease: 5+5+5
- Seating capacity: 40
- Year established: 11 years with current vendor
5. Yum Box - Hobart, TAS
Yum Box in North Hobart offers a purchaser a terrific location and a great-looking building on a corner block on one of Hobart's busiest main roads. A newly renovated building with a full kitchen, a lovely bright, airy space with easy access and good car parking.
- 5 + 5 year Lease
- Newly refurbished
- Commerical Kitchen
- Grease Trap
- 4 Burner gas cooktop
- Wok burner
- Fridges and freezer
- Commerical mixer
- Bain Marie
About the author
Catherine enjoys generating articles that highlight some of the opportunities that are now available for purchase on Bsale. She hails from a family of ...