This is a regrettable sale as the owner’s other business is flourishing, leaving limited time to scale this gem. This cozy, small Japanese restaurant, well-loved by locals, offers a warm atmosphere with seating for approximately 30 guests and is ideally located in Newcastle’s bustling CBD. Available at an attractive price of only $175K, inclusive of fresh stock, equipment, a full kitchen, liquor license, and furnishings.
**What Makes This an Exceptional Investment:**
– **Prime CBD Location:** Situated in the heart of Newcastle, one of the fastest growing city with high foot traffic and excellent visibility.
– **Affordable Rent:** Extremely low weekly rent of $600 (annual cost of $32K), with a 3-year renewal option at only $700 per week. The lease is structured as a 3-by-3, with the first term ending in May 2025.
– **Growth Potential:** Currently open Tuesday to Sunday, with lunch service on Thursdays and weekends only – offering significant potential to increase revenue by expanding hours.
– **Perfect for a Couple or Family:** Ideal for a team ready to work together to grow this already profitable business.
– **Strong Financials:** FY 23-24 turnover reached $500K with a 10% profit margin. Since obtaining a liquor license in May 2024, projected FY 24-25 turnover is expected to rise by 25-30%.
– **Stable Seasonal Earnings:** Despite the quieter season, the business has already generated $250K turnover in the first five months of FY 24-25.
– **Outstanding Reputation:** Two consecutive years with a 5-star food safety rating, 4.7-star Google reviews, and a strong social media following of ~2K on Instagram.
– **Fully Equipped & Flexible Menu:** Sale includes everything needed to operate, including a full kitchen, stock, equipment, and furnishings. The current owner has been updating the menu to streamline operations and increase profitability.
At just $175K, this sale offers full support for transferring supplier contacts, training for menu preparation, and everything needed for a seamless transition. Don’t miss this rare chance to acquire a charming, high-potential Japanese restaurant in a prime location!
Contact: Only serious buyers, please reach out at 0432287827 for this rare opportunity to own a thriving Japanese restaurant in an excellent location!
