Restaurant / Bar / Cafe – Free Standing with Parking

Price: $190,000 Location: Inner West, NSW Ref: 5109529
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Restaurant / Bar / Cafe – Free Standing with Parking
Price :
$190,000
Category :
Food/Hospitality, Leisure/Entertainment, Restaurant, Cafe/Coffee Shop, Bars/Nightclubs
Full Description :

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.

Key Features:

  • 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.

Opportunity:

  • 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-now

To 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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