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Popular Restaurant Located In Orange For Sale

Orange, New South Wales, Australia
Asking Price:
$380,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
$66,232 (AUD)

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A modern, profitable, and well-established restaurant in one of NSW’s leading regional hubs.
The 10-year-old restaurant is set in one of Orange’s most iconic restaurant locations, the heritage-listed Selkirk’s building. This is in a prime location, sitting right on the edge of the CBD, and one block from both the newly built and opened Quest Apartments on Kite Street, and the just-opened Orange City Centre, the new hub of Orange shopping.

It has a modern, exciting fit-out that is three years old and includes a large kitchen with quality equipment that any chef would appreciate. The dining room is fitted out with bentwood chairs, solid oak and compact laminate tables.

The restaurant is currently open 5 nights. This presents an excellent opportunity for a new owner to continue to grow the business on its current path or seek more profit by expanding the service.

The kitchen is currently managed by staff with only background support provided by the owner. An experienced, high performing manager takes care of the front of house. The current owner is happy to stay on in a part-time capacity for as long as it takes to ensure a successful transition to new ownership.

The restaurant owner established the business’s own home delivery and takeaway systems 7 years ago, well before the current home delivery craze. The restaurant is a market leader in the home delivery space in Orange.

Established systems and modern technology are in place, making owner responsibilities as easy and pain-free as possible. Such things as online employee scheduling, HR, and payroll, online bookings, online home delivery and takeaway, web-based POS, and cost-effective accounts payable management software.

The restaurant is very well placed to continue growth through marketing initiatives, social media presence and connections with local vineyards.
The restaurant has an excellent Facebook and Instagram presence and comes highly rated in reviews such as its Google review rating of 4.4/5 stars from 130 reviews.

This business also has essential services in place, such as:
• · Graphic and web designer
• · Business and leadership coaching
• · Sign writer
• · Local printer
• · Social media marketing

COVID-19

COVID 19 has affected restaurant businesses in Orange however increased regional travel has mean’t that the negative effects of patron number restrictions has been minimized . Most businesses in Orange are more than surviving due to increased regional travel. Orange is close to Sydney, and is a regional destination for travelers from Sydney. Orange as a regional city has also been thriving due to increased population growth, as people look to escape the larger cities. This restaurant has still been able to return a reasonable profit over the last 3 years, even with the affects of COVID-19.

Key figures (averaged per year) from last 3 years trading

Turnover - $1,103,163
Wages – $553,524
COGS – $194,722
Adjusted Net profit – $66,232
Return on investment - 17.4%
Fixed assets – $124,648

If you are going to buy a restaurant in 2021, Orange is the regional city to buy in, and the consistent performance of this restaurant shows it is the one to buy.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

2 years left with a further 5 year option

Leasehold Rent:

$54,000 (AUD) per annum

Location:

Prime location one block from Summer Street.

Premises Details:

55 to 75 seats. Three year old architecturally designed modern fit out. Quality furniture and fittings. Well equipped kitchen. Private dining room. Outside courtyard seating for 20.

Business Operation

Expansion Potential:

The restaurant currently operates for 5 dinner services weekly, on Tuesdays to Saturdays. This is a lifestyle choice by the owner however expanding services would be a likely area for income growth.

Competition / Market:

One other restaurant is doing modern Asian food similar to us. The restaurant only has 3-4 competitors in similar markets but their style of cuisine is different. Our style of modern Asian cuisine along with our established customer base has provided business security from any direct competition having any notable affect on income.

Reasons for selling:

After 10 years in this business the owner wishes to pursue new opportunities.

Trading hours:

Tuesday to Saturday, 530pm-930pm.

Employees:
20
Years established:
10

Other Information

Support & training:

The business owner is willing to provide up to 6 months support, 2 to 3 days per week. All documented operational policies and procedures, menus, recipes etc will be provided. Excellent management staff are in place as well to provide support.

Furniture / Fixtures value:
$124,000 (AUD) - included in the asking price
Inventory / Stock value:
$15,000 (AUD)
Website:
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