Superb Restaurant/Bar – Eastern Sub, Well Estab. Popular Des

Price: $278,000 Location: Eastern Suburbs, NSW Ref: 4970350
Agent:
Jun Chung
Agent Phone:
Office Phone:
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Business Headline :
Superb Restaurant/Bar – Eastern Sub, Well Estab. Popular Des
Price :
$278,000
Category :
Food/Hospitality, Leisure/Entertainment, Restaurant, Bars/Nightclubs, Cafe/Coffee Shop
Full Description :

 

Eye Catching Bar and Restaurant.

Have to see it to believe it!

Bustling corner location where locals and tourists wanting to hang out and try food they have never tatsted before.

 

Location:

  • Walking distance to Sydney’s most iconic beach.
  • One of the busiest streets for locals and tourists to hang out.

Features:

  • Bustling corner location with two shops in one.
  • Bar and restaurant.
  • Fantastic atmosphere with live music and eye catching decor.
  • Good lease tern remaning with only CPI increase.
  • Room for 150 people inside and approx 20 outside.
  • Fully under management.
  • Opens only for dinner, lunch on weekends.
  • Established for 3 years with good lease remaining.
  • Room to grow further with the right operator.
  • Not a cent to spend.

 

This restaurant is fully licensed with beers on tap, wine, sake, and spirits.

Full kitchen with walk-in cool room.

Comtemporary Asian food (Japanese meets Chinese) with a touch of French style.

Potential to branch out into different cuisines.

Current Owner has Clear Financials to show to the Right Buyer.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4970350#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4970350#enquire-now

Annual Rent : $342,680 - Weekly Rent : $6,590

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

Annual Gross Profit : $858,000 - Weekly Gross Profit : $16,500

Annual Ebit : $226,200 - Weekly Ebit : $4,350

Lease Commencement : Feb 2015

Lease End : Feb 2020

Lease Option: 5 years

Total Floor Area : 190 Square Metres

Franchise : No

Approximate Stock Value : $10,000

Year Purchased : 2017

Year Established : 2016

Days Trading : 7

Staff : 3 Full Time - 13 Casual

Staff Salaries : $468,000

Reason for Sale : Other Interests

Business Potential : Open for lunch, promotions, marketing

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