Restaurant / Bar / Cafe – Free Standing with Parking
Offers will be considered! – WIWO
Rarely does a business such as this come on the market.
Established for 10 years this restaurant is currently serving a contemporary international menu including coffees and an extensive range ice creams and desserts.
- In a fantastic location – busy main road.
- The property combines a free standing restaurant building and private car park for x20 vehicles.
- Fully equipped, the venue could be easily converted for ANY cuisine as there are no restrictions to the menu.
- The lease runs until 2023 with the current rent at only $1,510 per week including GST and outgoings.
- All equipment is owned by the owner including a coffee machine.
- Just spent $50,000 to renovate – looks like a new restaurant.
The turnover fluctuates between $13,000 and $17,000 per week for evenings only. Only 5 hours per day.
- Could be turned into a cafe and trade morning and day.
- Utililise FULL commercial kitchen to extend the menu.
Situated in the heart of Sydney’s Inner West, this opportunity offers significant potential to further the proven success that this business has enjoyed over the years.
This business is suitable for a first timer to continue and enjoy the current profit, or for an experienced operator to take it to the next level.
To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5109529#enquire-nowTo receive further information please complete the below registration: https://www.abbagroup.com.au?p=5109529#enquire-now
Annual Rent : $78,520 - Weekly Rent : $1,510
Annual Turnover : $780,000 - Weekly Turnover : $15,000
Annual Gross Profit : $569,400 - Weekly Gross Profit : $10,950
Annual Ebit : $321,800 - Weekly Ebit : $6,188
Premise : Leased
Lease Commencement : Aug 2018
Lease End : Aug 2023
Total Floor Area : 150 Square Metres
Total No of Parking : 20
Franchise : No
Year Purchased : 2009
Year Established : 2009
Days Trading : 7 Nights Only
Staff : - 5 Casual
Staff Salaries : $156,000
Reason for Sale : Retiring
Location : Strathfield
Business Potential : Morning & Day Trade. Change of Cuisine. Coffee sales
Parking Comments : 20 cars - Private Car spaces
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