Restaurant, Greater West SYD, HUGE T/O, Low Rent, over 300 S

Price: $595,000 Location: Western Sydney, NSW Ref: 5198932
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Restaurant, Greater West SYD, HUGE T/O, Low Rent, over 300 S
Price :
$595,000
Category :
Food/Hospitality, Restaurant, Catering, Alcohol/Liquor
Full Description :

This business has been run by the same owner for the last 15 years.

A well-known place to visit for the locals and the visitors. Nestled in outer western Sydney, located on the main road, Currently serves traditional and seafood Italian dishes and steaks.

The total area of the restaurant is 500 sqm, with seats for over 300 people if required, including 2-3 private functions rooms.

Well presented and established business that must be inspected.

Key Features:

  • Attractive turn over
  • Brand new lease @ low rent
  • Huge full kitchen with wood-fire oven
  • Separate bar area
  • Separate functions rooms
  • Plenty of on-site parking for over 20 cars
  • Only open 6 nights and 5 days
  • Fully licensed
  • Full white table cloth fine dining service or casual

Potential:

  • A fully equipped restaurant that could cater any cuisine
  • Promotion via social media would give an impact on revenue
  • No nearby competition

This business is suited for an experienced restaurant operator to continue on with the current reputation and build on further. Any experienced cooks or chef can take this on with any other cuisine, utilising the state of art kitchen.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=5198932#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=5198932#enquire-now

Annual Rent : $104,000 - Weekly Rent : $2,000

Annual Turnover : $1,820,000 - Weekly Turnover : $35,000

Annual Gross Profit : $1,248,000 - Weekly Gross Profit : $24,000

Annual Ebit : $328,900 - Weekly Ebit : $6,325

Premise : Leased

Lease Commencement : Nov 2019

Lease End : Nov 2024

Current Outgoings pa: $28,000

Total Floor Area : 500 Square Metres

Total No of Parking : 20

Franchise : No

Approximate Stock Value : $15,000

Year Purchased : 2004

Year Established : 2004

Days Trading : 6

Staff Salaries : $624,000

Reason for Sale : Retire

Location : Greater Western Sydney

Business Potential : Social Media

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