$200K PROFIT LONG-STANDING POPULAR VIETNAMESE RESTAURANT IN THE VICINITY OF BUSTLING INALA

Posted by: Henry Chow | October 28, 2024

$230,000

Description

$200K Profit Long-Standing Popular Vietnamese Restaurant in the Vicinity of Bustling Inala

- Brisbane QLD

Short Summary

This long established, profitable & famous Vietnamese restaurant is one of the popular restaurants in the Vietnamese’s community around Inala.

Key Selling Points

Established brand

Low Stock requirements

Cashflow Positive

Strong year to year Profits

Low Rent

Long Term Lease in place

80% Repeat Work

High foot traffic location

High visibility location

This family owned and run business has been successfully operated by the existing owners for over 10 years generating remunerative returns for them YoY. Annual netting of $200K after the wages of two owners with impressive averaged weekly sales of $17K, this business has proven to be a lucrative venture with consistent growth.

The restaurant nested in the vicinity of bustling Inala with low weekly rent of $1500 inc O/G & GST with term of lease ending 2032. This business offers proven track record of profitability with an excellent reputation for its delicious cuisines and great services supported by a stable customer base. It is a popular spot for high standard catering, wedding reception and social events as it can accomodate up to 180 persons. This restaurant has established itself as a favourite among locals and visitors alike supported by a team of experienced and capable staff (kitchen & front) managed by the owners.

The reason to offload is owners intend to retire after years of hard work building up this business on a trajectory of success and look for a motivated buyer with entrepreneurship to continue its success. Besides, this business is suitable for couple or family operators. The restaurant has a team of great staff and processes in place, which makes it an ideal opportunity for a couple or family looking to run their own business and reap the rewards of their hard work. This business is also perfectly suitable for the 188A Visa applicants.

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

Asking $230,000

Ref. no. BUY2449

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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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 28, 2024 Comments Off

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$200K PROFIT LONG-STANDING POPULAR VIETNAMESE RESTAURANT IN THE VICINITY OF BUSTLING INALA

Description

$200K Profit Long-Standing Popular Vietnamese Restaurant in the Vicinity of Bustling Inala

- Brisbane QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Henry Chow

Amy Wan

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