Indian Restaurant, South Canberra | Brand New Lease | $15k per week sales

For Sale $175,000 Plus SAV
Property Details

For Sale $175,000 Plus SAV
Description

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For sale is a popular Indian Restaurant located in the South of Canberra. The Restaurant is well established and enjoys a strong reputation for providing high quality Indian food. The Restaurant is fitted out to the absolute highest calibre with a fit out that cost half a million dollars and it still presents as new.

The Business started in 2012 and in 2017 it moved into its current location which enjoys a spacious 220 square meter footprint with a  fully stocked bar and a full commercial kitchen. The owner has recently negotiated a brand new 5 x 5 year lease at favourable rental terms.

The Restaurant seats 80 people comfortably and has an outdoor area that can also be utilised. The business offers its own delivery service as well as utilising external delivery companies. Sales are currently at $15,000 per week and are forecast to grow to around $20,000 in the near future as the business continues to grow.

The business has a strong online presence with a carefully built reputation for offering high quality food and they offer offsite catering and group bookings with a fully functional website

The owner is now looking to retire and pass the business on to new owners who can take advantage of the opportunity to further grow and develop this well established and attractive business.

Sales $15,000 per week

Rent $1,550 per week

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Property Features
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