Famous Seafood Grill Takeaway - Glenroy Area

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


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About the business

The best known and most reputable takeaway Seafood and Grill business in Glenroy is on the market to be sold. Situated in iconic Wheatsheaf Road, the heart of Glenroy this is an exceptional food operation.

Full commercial fitout for a takeaway and fish and chip business operation including canopy, fryers, grill, and walk in coolroom.

Weekly sales $9,500

Trades only 5 days, Tuesday to Saturday

Rent only $250 per week

Run by husband and wife plus 4 casual staff

Very simple business and highly profitable.

Exclusively listed and presented to the market, contact the listing agent for more information.

TRIDENT Business and Corporate Sales and/or their agents have been given exclusive authority to market and sell this business for the Vendor. Therefore, they give notice that all information given in relation to this property, whether contained in this document or given orally, is given without responsibility and has not been audited by us. People intending to purchase should satisfy themselves as to the accuracy of all information before proceeding. TRIDENT does not accept, and specifically excludes any and all liability relating to the business.

(Our reference T1485) - Some images used for illustration purposes only - TRIDENT Business reserves the right to limit the release of information to parties who do not disclose their full contact and identity details to the listing agent upon inquiring about this business.

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Asking Price:
$150,000
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Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

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