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Restaurant - Bar - Functions - City Fringe - (Code: G1658)

Long lease

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Price: $200,000






Weekly Takings (inc GST) $21,000
Cost of Goods $6,500
Gross Profit $14,500
Rent $2,566
Wages $6,500
Outgoings $
Telephone $25
Insurance $153
Electricity $386
Gas $200
Misc 1 $200
Misc 2 $
Total Expenses $10,030
Net Profit $4,470
Coffee Kilos P/W 0.0

Estimated Stock

$10,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Restaurant & Bar serving Middle Eastern & Mediterranean cuisine in a versatile space designed for shared dining as well as a great marble bar for meeting friends for cocktails or other drinks. - Functions in the luxe private dining room. - Seating inside for approx 80.

Potential
A DA is in place for seating for 20 on the footpath. - Potential to open for Breakfast. - Could also open on Mondays. - Could expand on catering and home deliveries.

Features
Excellent Venue. - Excellent Location. - Good size venue for this location. - Great for functions. - Top quality fit out. - Long secure lease. - Well established & still growing.

Premises
This bar & restaurant has an area of 150 sq mts including a great mezanine area for functions and a very nice terrace.

Location
Excellent location in City Fringe in the heart of a trendy & busy shopping, dining & bar destination.

Trading Hours
6 days - Tues. - Sat. - 11 a.m. - 11 p.m. and Sun. - 11 a.m. - 10 p.m.

Lease
5 year + 5 year lease commenced July 2016. - 3 months bond. - 4% annual C.P.I. increases.

Employees
1 owner + 3 fulltimers + 10 casuals as required

Comments
Miscellaneous 1 = other expenses


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

SBXG1658

For more details please call (02) 9439 4403
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