Busy Fish and Chips Kogarah. Low rent / Long Lease.

Price: $169,000 Location: St George, NSW Ref: 4226063
Agent:
Eddie Spurr
Agent Phone:
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Business Headline :
Busy Fish and Chips Kogarah. Low rent / Long Lease.
Price :
$169,000
Category :
Food/Hospitality, Takeaway Food
Full Description :

Key Features

  • Superb location, great exposure to pedestrian foot traffic near hospital, units and businesses. Seating for 10-15.
  • Large and modern fit-out, appealing refrigerated glass enclosed display cabinetry. 
  • Owner will train for as long as required and advise on supply of fresh sea-food.
  • Extensive equipment list featuring large freezer room, 4 CCTV cameras, 50 inch Plasma TV.
  • Strong reputation attained from owner’s passion, skill and commitment to good quality food.
  • New lease can be granted 5 + 5. Current Lease to 30 Nov 2022 
  • Very low rent $42K per annum ex GST.
  • Outstanding feedback from online review platforms.
  • Well established, busy and profitable business. Fully equipped with genuine growth / value-add opportunities.
  • Currently operating 6 days 9:00am-7:00pm.

Potential

  • Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses.
  • Benefit from growing trade from two large hospitals situated nearby.
  • Option to reconfigure menu mix to more cooked food v fresh fish, or 
  • Menu could support the addition of sushi and sashimi to complement current offerings.
  • Potential to build on Uber Eats demand that is already gaining popularity.
  • Opportunity for savvy marketer to ramp up promotions to increase venue profile eg local advertising, brochure drops etc.
  • Further increase trading by opening Sundays.
  • Reconfigure seating to allow additional seats.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4226063#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4226063#enquire-now

Annual Rent : $41,600 - Weekly Rent : $800

Annual Turnover : $800,000 - Weekly Turnover : $15,385

Annual Gross Profit : $412,000 - Weekly Gross Profit : $7,923

Annual Ebit : $255,000 - Weekly Ebit : $4,904

Premise : Leased

Lease Commencement : Dec 2016

Lease End : Nov 2022

Current Outgoings pa: $17,800

Total Land Area : 85 Square Metres

Franchise : No

Approximate Stock Value : $12,000

Year Purchased : 2016

Year Established : 2016

Days Trading : 6

Staff : 2 Full Time - 2 Part Time

Staff Salaries : $100,000

Reason for Sale : Genuine family health issue

Location : Kogarah

Business Potential : Increase Catering, Menu variation eg sushi, Uber Eats, Extend trade by opening Sunday, increase local advertising.

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