FOR SALE
$250,000

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Latrobe TAS 7307

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Thai Imperial

Phone enquiries - please quote property ID 35267.
PRICE REDUCED FOR QUICK SALE DUE TO OWNER'S HEALTH.
Positioned in the bustling town of Latrobe, this well-established Thai Restaurant isn't just a business, it is an exceptional opportunity for ambitious restaurateurs and seasoned entrepreneurs.
Established for 13 years, over two locations, The Thai Imperial has grown into a thriving business managed impeccably by a single owner/operator. Reluctantly, after 40 years in the industry, the owner is ready to step aside and allow someone else to grasp the reins and harness the incredible potential this opportunity presents.
The restaurant currently operates Wednesday-Sunday with cooking times 11.30 am-1.30 pm for lunch and reopening for dinner in the evenings 5 pm-7.30 pm.
The beautifully furnished and styled dining spaces have the overall capacity to seat at least 300 people, making this immense space the perfect location for weddings, parties and special events.
The business is offered as a walk-in walk-out package with all the hard work done. With beer, wine, spirits and food stocked over $55000, make a great profit in your first week.
It would be a lucrative going concern, perfectly suited to a family or a group of like-minded friends or investors, to come together with an already established customer base, capitalise on a prime location and ardently explore the growth potential in an untapped market. Long lease available
$250,000 ONO
Only serious buyers need to apply
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Property Details for Contact Agent For Address, Latrobe

Building Type
Commercial

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About Latrobe 7307

The size of Latrobe is approximately 62.8 square kilometres. It has 12 parks covering nearly 7.1% of total area. The population of Latrobe in 2011 was 3,897 people. By 2016 the population was 4,155 showing a population growth of 6.6% in the area during that time. The predominant age group in Latrobe is 60-69 years. Households in Latrobe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Latrobe work in a trades occupation. In 2011, 69.1% of the homes in Latrobe were owner-occupied compared with 68.2% in 2016.

Latrobe has 2,739 properties. Over the last 5 years, Houses in Latrobe have seen a 78.06% increase in median value, while Units have seen a 72.29% increase. As at 30 September 2024:

  • The median value for Houses in Latrobe is $534,576 while the median value for Units is $427,775.
  • Houses have a median rent of $440 while Units have a median rent of $420.
There are currently 32 properties listed for sale, and no properties listed for rent in Latrobe on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Latrobe.

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