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Prime Thai Restaurant & Bar Opportunity in Sydney

Sydney NSW, ID 157743

Prime Thai Restaurant & Bar Opportunity in Sydney 1
Prime Thai Restaurant & Bar Opportunity in Sydney 1
Asking price:
AUD$85 000
Sales Revenue: $750 000 aud
Owner
Owner's representative

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Description

Business type: Thai restaurant and bar

Location: Sydney CBD

Nearby: Chinatown and Town Hall

Premises

Floors: three

Capacity: more than 120 people

Liquor licence: included

Functions: birthdays, weddings and corporate events

Lease

Monthly rent: $23,000

Lease remaining: 2 years and 1 month

Renewal: negotiable

Operations

Trading days: seven days per week

Monday to Saturday hours: 11:00 am to 12:00 am

Sunday hours: 11:00 am to 10:00 pm

Owner involvement: full-time

Staff

Full-time staff: three

Full-time chef: one

Full-time waitstaff: two

Part-time staff: eight

Customers

Regular clientele: established

Event bookings: established

Growth

  • Add breakfast service
  • Increase event bookings
  • Target nearby hotel guests
  • Increase marketing

Transition

Training: two weeks

Staff retention support: available

Supplier introductions: included

Customer introductions: included

Sale

Sale reason: owner returning overseas

Details

Real Estate: Lease
Employees (ppl): 11
Reason for selling: Relocation
Support from seller: Hand-over period
Asking price: 85 000 aud
Sales Revenue: 750 000 aud
Rent (per year): 276 000 aud

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