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Restaurant - Cafe - Functions - Bar - Northern Beaches - (Code: F3132)

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Price: $258,000






Weekly Takings (inc GST) $47,300
Cost of Goods $15,609
Gross Profit $31,691
Rent $4,670
Wages $13,500
Outgoings $875
Telephone $100
Insurance $190
Electricity $500
Gas $700
Misc 1 $4,641
Misc 2 $450
Total Expenses $25,626
Net Profit $6,065
Coffee Kilos P/W 0.0

Estimated Stock

$25,000
(Additional)

Equipment

$331,596
(Included)
All other values
exclude GST
General Description
Restaurant - cafe with simple menu serving steaks, seafood, burgers, salads and desserts. - A relaxing and lively ambiance with great food. - Cool music and fast friendly service creates an energetic vibe. - Full kitchen and bar - 40 seats outside - 80 seats inside - Licensed.

Potential
Perfect for enthusiastic owner manager footprint . - Lends itself to breakfast trade to further boost sales. -

Features
Prime corner beachfront location. - Tripadvisor top google ranking and certificate of excellence. - Great fit out with fully qualified staff. - Run under management .- Licenced and bring your own. - Modern decor and great views. - Well established.

Premises
This business has been built and well maintained to a high standard by the current owners.

Location
Beachfront location on Northern Beaches with uninterrupted views well known to locals and tourists.

Trading Hours
7 days - Mon. - Thurs. - 11.30 a.m. - 3 p.m. + 5 p.m. - 10.30 p.m. - Fri. - Sun. - 11.30 a.m. to 3 p.m. + 5 p.m. - 11 p.m.

Lease
Current lease expires 30.9.2022. - 3 month bond - C.P.I. annual rental increases.

Employees
14 staff on the floor and 8 staff in the kitchen. - One manager + 3 chefs + 2 cooks.

Comments
Purchaser will need restaurant and/ or cafe experience and property assets for landlord approval. - Profit shown is for two owners working in the business. - A two page confidentiality agreement will need to be executed - Run under full management with full financials available.- The inside floor area is 198 sq.mts. plus outdoor seating of 24 sq.mts. totalling 222 sq. mts. - Equipment value is at cost value not book value. - Outgoings are made up of actual landlord outgoings $575 and council seating $300 per week totalling $875 per week .

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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXF3132

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