Spice India Belconnen

General Description
This strong Indian food court business operates within Westfield and since its opening 5 years ago it has been run 90% of the time by staff. A new lease is now on offer and as part of the agreement for the new lease is a minor refit is required. The vendor shop fitter estimates this will cost approx $80k. Time to pick up a strong location food court business at a fraction of the original fit out cost with a new lease on offer.

Potential
New owners can continue to operate the business under management or can work in the business if they choose.

Current vendor has not concentrated much on this business so plenty of upside potential.

This shopping centre is very strong and has excellent walk past traffic.

Features
Very established business and well known in the centre.
All equipment is excellent condition – minor refit required as refresher of the business.

Walk in at the fraction of the cost to start a similar business new in the centre.

Premises
42 sqm premises
In prime location within the food court
Commercial kitchen, coolroom, tandoor oven etc

Location
Belconnen

Trading Hours
7 days a week

Lease
New 5 year lease is being offered.
Lease $3,288 + GST per week

Financials
Sales 2013 $485,414
GP 59%

Price
$45,000 + SAV

Woden
The vendor is also selling is Spice India Woden food court business as well so buyers can secure both businesses.

Confidentiality Agreement
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