Longstanding Asian Eatery - University Location

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Bundoora, Victoria 3083

$389,000 + SAV

Key Features

AI generated. Contact seller to confirm.

Longstanding eatery in Northeast Melbourne
High quality and diverse menu
Accommodates 100 customers indoors and 50 outdoors
Low overheads with rent covering most outgoings
Fully equipped commercial kitchen with owned equipment
Strategic location near a university

Turnover: $800,000
Net Profit: $230,000
Rent/Lease: Lease in place
Stock Value: Included
Established: 11 years

Business Details

Business Category Takeaway

This is a solid opportunity to run a rare, profitable and long-running eatery in Northeast Melbourne.

Operating since 2012, this business offers both takeaway and dine-in, accommodating 100 customers indoors and 50 outdoors from its 200 sqm site. It has become known for its high quality and diverse menu, attracting a loyal customer base and allowing it to exceed $800,000 in annual revenue and a $230,000 net profit-all while trading only five days a week.

The business has low overheads, with rent at $3,800 per month covering all outgoings except electricity and no council rates. It features a fully equipped commercial kitchen (all equipment is owned, except for the coffee machine).

*Taking over $15,000 PW
*Rent $3,800 PM, including outgoings
*200 sqm with 100 indoor, 50 outdoor seats
*Fully equipped kitchen; all plant and equipment are owned except the coffee machine
*Rare strategic university position

Contact John today to secure this highly profitable business before it's gone!

Listing ID: ME03252
Broker: John Zhang
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03252
Timestamp: XXXXXXXXXX 3003