Business For Sale Karingal, Victoria 3199
Business Category Restaurant
$399,000
Description
Bbq High End Restaurant 40h/week 25k+ Takings
Business Overview:
Operating Days: 6 days per week (Monday closed)
Vendor's loan available.
1 year in Business with rapid growth.
--Hours:
Tuesday to Friday: 5:00 pm – 9:30 pm
Weekends: 12:00 pm – 10:00 pm
Weekly Sales: $25,000 - $30,000
Operating Expenses: $12,000 - 15,000 per week
Net Profit: Available in financial records
Lease: 6 years remaining. Potential to extension.
Fit-out and Equipment Value: ~$700,000
--Key Features:
Unique Infrastructure:
Capacity: 180 seats with high-quality seating and upscale ambiance
2 Hand made Firepits, One Smoke pit that is customised to host Spits. 2 Levels Firepit to grill over live charcoal/wood flames.
--Equipment:
Scaled up Bar design, full equipped.
Upperclass furnitures and interior design.
Exterior covered area with tables.
Full commercial kitchen
Two different exhaust systems
All equipment fully owned (no contracts)
--Staff:
Business model labour cost runs as low as 10% of revenue thanks to centralised kitchen and the current AI intergrated technologies.
Well documented Service Policies in order to hire Junior employees keeping running costs low.
Main chef and shift supervisor are the 2 major roles.
--Operations and Customer Demographic:
Frequent customers
Functions like birthdays, anniversaries, and first dates
Fully booked on key hospitality dates (Mother's Day, Father's Day, Valentine's Day)
Immediate marketing response: High impact after posting content about food and restaurant setup
Target Market: A wide demographic due to the upscale yet casual dining experience
--Growth Opportunities:
Cinema renovation: Expected to increase foot traffic
Extended trading hours: Buffet breakfast was successful in the past
Delivery platforms: Uber Eats and other services haven't been utilised poroperly.
--New revenue streams:
Merchandise proprietary sauces and rubs
Premium raw BBQ meats (brisket, ribs, tomahawks) for retail sales
Extending trading hours, Lunch, bar
Utilisation of online platforms making ghost kitchen with BBQ mainstream Items.
--Licensing and Compliance:
Licenses:
Food License (Class 2)
Liquor License (180 seats, serving until 1 am)
Compliance: Fully compliant with health and safety regulations
No legal disputes
ATO, Super Contributions up to date.
--Marketing and Reputation:
Online presence: Website and a strong social media presence
Customer database: 3,000+ contacts
Excellent reviews and reputation: Highly rated with a loyal customer base
Promotions: Rapid response from the market, often leading to full bookings
--Reasons for Sale.
This restaurant was established by the brand owner as a personal venture. However, with the opening of two additional locations in Malvern and Fairfield, along with the development of a large centralized kitchen in Clayton for wholesale distribution and brand support, the focus has shifted toward expanding the brand further.
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