Fully equipped Restaurant, Busy Dinning Strip in Eastern Bea

Price: $179,000 Location: Eastern Suburbs, NSW Ref: 5201112
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Fully equipped Restaurant, Busy Dinning Strip in Eastern Bea
Price :
$179,000
Category :
Food/Hospitality, Restaurant, Takeaway Food, Alcohol/Liquor
Full Description :

Exceptional Lease 

– very busy dinning strip in a renowned Estern Beach Suburb

– 5+5 years commenced Nov 2018

– 2 story, ground floor: around 150 sqm restaurant, upper floor: residentilal for owner or sub let-huge 2            bedrooms &   bathroom

– rent : only $1,365/wk

Turkish Fusion Restaurant

– currently open for 7 nights(5:00-10:00) only due to family situation

– fusion Turkish with Liquer Lic. by owner management

– spent more than $300K for renovation 2 years ago

– owner wants to sell asap due to family matter

Easily convertiable to any kind of cusine restaurant, such as Thai, Mexican, Mediterranean, Japanese, Chinese, Korean, Vietnamese or Cafe & Restaurant etc with extended operation from early morning to late night.

It must be seen for a new comer or relocater to the popular dinning strip in most renowned Eastern Beach Suburb as it won’t last long.

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5201112#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5201112#enquire-now

Annual Rent : $70,980 - Weekly Rent : $1,365

Annual Turnover : $546,000 - Weekly Turnover : $10,500

Annual Gross Profit : $390,000 - Weekly Gross Profit : $7,500

Annual Ebit : $182,000 - Weekly Ebit : $3,500

Premise : Leased

Lease Commencement : Nov 2018

Lease End : Oct 2023

Lease Option: 5 years

Total Floor Area : 150 Square Metres

Franchise : No

Approximate Stock Value : $3,000

Year Purchased : 2011

Year Established : 2011

Days Trading : 7

Staff : 2 Full Time - 3 Casual

Staff Salaries : $104,000

Reason for Sale : Family issue

Location : Bondai

Business Potential : Extended operation from dinner only to all day till late night with liquor license, Exceptional lease, Easy to convert to any kind of cuisine

Parking Comments : street parking

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