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Restaurant - Modern Australian - City Fringe - (Code: F3210)

Well established

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Price: $128,000






Weekly Takings (inc GST) $15,000
Cost of Goods $4,000
Gross Profit $11,000
Rent $1,810
Wages $5,500
Outgoings $
Telephone $50
Insurance $95
Electricity $400
Gas $200
Misc 1 $400
Misc 2 $
Total Expenses $8,455
Net Profit $2,545
Coffee Kilos P/W 0.0

Estimated Stock

$5,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Restaurant serving Modern Australian cuisine including seared atlantic salmon, braised lamb shoulder, grain fed rump steak and beef fillet medallions. - Also vegetarian and gluten free options are available. - Upstairs dining is available for special occasions. - Full kitchen - Family and child friendly - Social media reports a high standard of both food and customer service. - 50 seats outside - 40 seats inside - Licenced.

Potential
Could open for weekend breakfast and lunch service which was recently discontinued for personal reasons. -Spend money on marketing.

Features
Consistently impressive reputation. - Well established - Regular clients

Premises
Beautiful rustic charm with its own unique courtyard and lots of alfresco dining with an area of 150 sq. mts.

Location
Situated in busy dining precinct in popular suburb in City Fringe.

Trading Hours
7 days - Mon. to Sun. - 5.30 p.m. to 9 p.m.

Lease
Current lease expires in May 2020 with potential for a further extension - 3 month bond - C.P.I. annual rental increases .

Employees
1 working owner / Manager + 1 fulltimer plus 12 casuals.

Comments
One fulltime working owner can make more profit by reducing the staff wages as the current owner only works three to four days per week.Same owner 13years says sell it.

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

SBXF3210

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