PLEASE NOTE: This business is located in Canberra.
Are you looking to invest in a highly profitable, thriving, and well-established business in a prime location? Look no further! This Turkish takeaway business which has been operating successfully for over 7 years is now on the market. This is a rare opportunity to acquire a turnkey operation with a proven track record and consistently high turnover.
Situated at the entrance of a busy shopping complex in North Canberra, this takeaway enjoys unparalleled visibility. The location benefits from a large amount of foot traffic from shoppers and vehicle traffic from those passing by the shopping centre. This prime spot ensures a constant flow of potential customers throughout the day, seven days a week.
One of the unique selling points of this Turkish Takeaway is the absence of direct competitors in the immediate vicinity. This gives you a competitive edge in the local market allowing you to attract a larger share of the customer base. The nearest competitors are far enough away that they do not impact the business, giving you a virtual monopoly on delicious Turkish cuisine in the area.
Over the years, this takeaway has built a large and loyal customer base. Regular patrons keep coming back for the authentic and mouth-watering Turkish dishes making the business a staple in the community. The strong word-of-mouth recommendations further bolster its reputation.
The business has consistently reported high turnover figures reflecting its popularity and efficient operation. Detailed financial records are available for serious buyers to review. The high turnover is a testament to the quality of food and service provided and ensures a steady stream of income from day one.
An attractive aspect of this opportunity is the low rent coupled with a long lease. This ensures that overhead costs remain manageable, maximizing profitability. The long lease provides security and peace of mind allowing you to focus on running and growing the business without worrying about relocation or rent hikes in the near future.
There is substantial new development happening across from the shopping centre, including plans to build apartments, fire and ambulance stations, indoor sporting facilities, as well as a health centre, meaning there will be more growth in the direct vicinity of the business.
There is also room to further grow the business by establishing a social media presence, undertaking local marketing campaigns, and offering a delivery service.
Why This Business?
- EBITDA of $721,480 for the 2023 Financial Year.
- Well-Established: Over 7 years in operation with a strong community presence.
- Easy to run being a takeaway only - no restaurant overheads.
- Prime Location: High visibility at the entrance of a busy shopping complex with significant foot and vehicle traffic.
- No Direct Competitors: Unique Turkish cuisine offering in the area ensuring a loyal customer base and strong market position.
- Consistently High Turnover: Proven financial performance with detailed records available.
- Low Rent and Long Lease: Favourable lease terms that enhance profitability.
- Room to Grow the Business: Establish social media platforms, undertake marketing, and offer a delivery service.
This Turkish Takeaway business represents a fantastic opportunity for anyone looking to enter the food service industry or expand their existing portfolio. Don't miss out on this chance to own a thriving business in a prime location.
Sale Price $1,090,000 + SAV (Stock at Value)
*EBITDA of $721,480 for the 2023 Financial Year has been taken from the Financial Statements provided by the vendor's accountant. All care has been taken to prepare this information, however, Finn Business Sales strongly recommends that you conduct a thorough investigation on the business and seek independent financial advice before proceeding to contract for the purchase of this business.
For more information about this exceptional opportunity, please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au.
