Price Drop - Rashays Restaurant North Melbourne

PRICE DROP PRICE DROP
Asking price at $399,000 plus S.A.V.
Weekly sales $50,000 (average - FY 24)
12-week training provided by the franchisor
No special skills required
Store est. 2022
27 x Staff
10-year lease (commenced 1 September 2021, expires 30 August 2031)
Located in a commercial shopping centre
Strong franchisor support

Gautam Jain and the team at BizWorld Business Brokers are excited to present a contemporary Australian restaurant to the market.

The business is part of a highly regarded franchise operating since the 1990s, currently with 40 locations across New South Wales, Victoria and Queensland. The brand has developed a loyal following owing to its popular Australian menu, resulting in broad market reach.

Its straightforward menu satisfies diverse preferences, enabling the business to serve a broad range of customers including classics such as chicken schnitzel, Angus beef burger, supreme pizza and vegetarian options. Stock is sourced by the franchisor and supplied to the store, eliminating challenges associated with maintaining a reliable supply chain.

The businesss premises are under a 10-year lease and strategically positioned in a prime shopping centre with easy access, ample parking and high foot traffic. The immaculately fitted and well-maintained premises provide a casual dining atmosphere for customers. The business is backed by 27 staff and is fully run under management.

Overall, it is a well-established, turnkey operation ready for a new and motivated owner to capitalise on its ongoing success.