$1.5M TURNOVER PA. – LONG STANDING, UNDER MANAGEMENT & PROFITABLE ASIAN CUISINE WITH 12-YEAR LEGACY IN SUNNYBANK AREA

Posted by: Henry Chow | October 10, 2024

$398,000 + SAV

Description

$1.5m Turnover PA. - Long Standing, Under Management & Profitable Asian Cuisine with 12-Year Legacy in Sunnybank Area

- Brisbane QLD

Short Summary

Long established, under managed & profitable Asian restaurant has been a beloved fixture in Sunnybank area offering delicious food & great service.

Key Selling Points

Established brand
Under Management
Passive Income
Low Overheads
Cashflow Positive
Cash Cow!
Non-hands on Owner
Long term Management and Staff in place
Strong year to year Sales
Strong year to year Profits
No Competition
80% Repeat Work
Best Location
High foot traffic location
High visibility location

A long-established and renowned Asian restaurant in Sunnybank’s vicinity ideally located in one of the Asian bustling food hubs next to the main road with ample car parks and heavy foot traffic all day. This stable and profitable business boasts a stellar reputation and a loyal customer base. With its prime location and strong profitability, this is a fantastic opportunity for a savvy investor or operator.

The restaurant was established 12 years ago under management supported by a crew of experienced full time & causal kitchen and frontend staff offering delicious food and great service. Over the decades, it has built a solid reputation as a go-to spot for locals and visitors alike, with many loyal customers returning time and again. Located in one of the most popular shopping centre in the Sunnybank area, this business benefits from a high-traffic area, providing constant visibility and a steady flow of customers.

The lease is supported by an easy going landlord with reasonable rent $3,500/week (inclusive O/G & GST). Weekly income ranged between $32,000 to $28,000 with an averaged stable weekly income of $30,000 bringing a substantial remunerative weekly net profit of $6,000 (ball park) and annual net profit of close to $300,000 to its owners.

The owners are reluctantly offloading this high quality asset but due to overseas commitments and this business presents a tremendous opportunity for growth. A motivated new owner who is ready to put in the time and effort could expand operations to serve breakfast tapping into a wider market and significantly increasing revenue. With its established name and existing customer base, the potential for increased profitability is huge.

This is a perfect business for Visa 188A applicants or an experienced restaurateur or an aspiring business owner. This is a turnkey opportunity that comes with a proven track record of success. With everything in place, including a loyal customer base, prime location, and profitable operations, it just needs motivation and dedication to take it to the next level.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $398,000 + SAV

Ref. no. BUY2441

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Property Features

Real Estate Agent's

About
Bio
Recent Listings

Henry Chow

0421 040 857

Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!

About
Bio
Recent Listings

Amy Wan

0498 229 813

Fluent English, Cantonese, Mandarin. Amy started her property consultancy career in 2001 and worked with a very prominent real estate agency with over 500 branches across China. During that time, she was based in Shenzhen China and was fortunately and repeatedly selected as the “best saleswoman of the year”. Amy started her own Real Estate business in 2005 and had two branches in one suburb in Shenzhen with around 30 sales persons working for her. She successfully built up the business to being one of the major players in the area with annual turnover of approx. AUD$2million. Her working philosophy is to nurture rapport with all her buyers and sellers and continuously connect with them even long after their related sales transactions are finished. Besides, she always likes to help them with non-business matters and treat them like her friends. As a result, she has successfully built up a network of connections with most of her businesses based on referrals. Amy has a deep and well connected network within the Chinese community both locally and abroad and seems to magically find buyers for every business whether it’s for her own client or one of our other team members! Amy is a highly motivated person and looks forward to helping connect you with the right results.

Henry Chow October 10, 2024 Comments Off

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$1.5M TURNOVER PA. – LONG STANDING, UNDER MANAGEMENT & PROFITABLE ASIAN CUISINE WITH 12-YEAR LEGACY IN SUNNYBANK AREA

Description

$1.5m Turnover PA. - Long Standing, Under Management & Profitable Asian Cuisine with 12-Year Legacy in Sunnybank Area

- Brisbane QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Henry Chow

Amy Wan

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