High-traffic Chinese Restaurant/takeaway For Sale

This owner-operated takeaway food business is located in a prime area of Ivanhoe, offering excellent foot traffic and proximity to banks. It features a 5+5+5 lease, spacious 186 sqm premises, a fully equipped commercial kitchen with residential accommodation upstairs

*5+5+5 lease term
*Spacious 186 sqm premises
*Liquor licence in place
*High foot traffic location
*Fully equipped commercial kitchen
*Residential Accomodation Upstairs

This well-established, owner-operated takeaway food business is located in a prime area of Ivanhoe, offering excellent foot traffic and proximity to banks. The premises consist of 101 sqm on the ground floor and 85 sqm on the first floor, with seating for 48 indoors and 12 outdoors.

The business holds a liquor licence and operates Monday through Saturday from 8:00 am to 10:00 pm and Sunday from 12:00 pm to 10:00 pm, with Tuesdays closed. Its commercial kitchen features a double wok, four cooktop ovens, a double fryer, a walk-in cool room and a prep area.

The front counter includes a bar area and a coffee machine. Upstairs is accommodation with a lounge room, two bedrooms, a bathroom and a kitchenette.

The business derives a turnover of $260,000, with the owner receiving monthly wages of $3,900. Rent is $5,278.25 per month and annual outgoings total $10,468.

The lease is 5+5+5, starting 1 April 2022, with 2.5% yearly rent increases. The business offers strong potential for growth, including the option to change the cuisine to appeal to a broader customer base.

Listing ID: ME03107
Broker: Nick Kolaitis
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03107
Timestamp: XXXXXXXXXX 3002