Amazing Poke Bowl Restaurant with over 700k turnover (prior to COVID-19) in Sydney CBD DA approval for 12 people seating
Attractive opportunity to own a hugely popular and trendy Hawaiian poke bowl salad takeout restaurant located in a prime CBD location, close to Barangaroo and Wynyard Station, a loyal customer base and min 4 star ratings across multiple platforms:
Order-in catering: 4.5
Set up cost and equipment was over 210k and is all included in the selling price of 80k as owner is re-locating overseas. Price does not include rental bond (~$25k) held with landlord. The store has 6 seats with a DA approval for 12 further seats. There is further potential with two unused floors in the building, located in the very busy CBD location.
The store has an extremely strong brand, regarded for its innovative and tasty menu, fresh and colourful ingredients and a strong social media presence. The brand has been seen on Channel 9 TV with media personalities, often posted by social media influencers and published across multiple media outlets.
The dynamic QSR also has a strong catering presence, often servicing events from 10 through to 500 people for well-known clients such as: Salesforce, Spotify, Facebook & Red Bull – existing relationships which will all be warmly handed over.
Staffing: the restaurant is self-sufficient with staff members entrusted to run the day-to-day operations of the store.
Hours of Operation:
Monday to Friday only:
pre COVID-19 we opened till 8:30pm which was really busy during dinner and with deliveries.
Revenue: $715k in 2019
Rent: $90k p.a.
Lease expiry: June 2022 option to renew another 5 years
Reason for selling: Owner is moving back overseas
· Profit: massive potential to increase profitability through more efficient staffing. The store currently has 2x managers and a high number of employees
· Profit: COGS can be reduced by preparing produce in-house (rather than purchasing ingredients pre-cut)
· Expansion: The brand has often been invited to open new locations in: Pitt St Mall, Darling Harbour, Barangaroo and universities. However, due to the availability of owners in Australia, this has not been pursued.
All systems, processes and suppliers are set up and run very smoothly, waiting for someone to step in and continue growing the brand that is making Sydney lunches fun and healthy again!