SBX Business Brokers - Businesses for sale Sydney

Bar - Restaurant - Cafe - Eastern Suburbs - (Code: SF1321F)

SOLD!

Great business

For more details please click here to register with us.

Enquire Now
Or

Price: $118,000






Weekly Takings (inc GST) $18,300
Cost of Goods $5,550
Gross Profit $12,750
Rent $1,885
Wages $5,100
Outgoings $100
Telephone $30
Insurance $60
Electricity $330
Gas $150
Misc 1 $750
Misc 2 $
Total Expenses $8,405
Net Profit $4,345
Coffee Kilos P/W 0.0

Estimated Stock

$5,000
(Additional)

Equipment

$100,000
(Included)
All other values
exclude GST
General Description
Bar- restaurant - cafe currently serving Modern Australian food including ribs, burgers, seafood, chicken dishes, daily specials with a focus on sharing small and larger plates in a casual setting. - Full functioning bar in the centre of the room with beer on tap, wine and cocktails available. - Fully licensed with an on premise license - Full kitchen with 2 cool rooms, freezer, combi oven - 100 seats inside including a covered alfresco balcony with full beach views. This business has now ceased trading and the vendor is motivated to sell.

Potential
Upgrade license to drink or dine (STA) - Expand on functions as this is an excellent venue - Potential to promote as a cafe during the day and increase coffee sales - To do some marketing and advertising.

Features
Brilliant position - Long lease - Quality fit out and inclusions throughout - Good social media presence - Reasonable rent for the size of the business. - Well established.

Premises
Amazing modern and spacious layout with an alfresco balcony, 3 bathrooms, disabled lift, office and storage area downstairs with an area of 245 sq mtrs

Location
Great location steps from the beach and across the road from the park in a coastal Eastern Suburbs hub.

Trading Hours
6 days - Tues. - Thurs. - 5.30 p.m. till 12 midnight, Fri. and Sat. - 12 p.m. till midnight, - Sun. - 12 p.m. till 10 p.m.

Lease
Current lease expires April, 2020 + 5 year option - C.P.I,. increases - $20,625 Bank guarantee

Employees
1 owner + 4 fulltimers + 2 parttimers + 3-4 casuals as required

Comments
Misc. 1 - Other general expenses and GST. - This restaurant is frequented heavily by locals year round and well known throughout the Eastern suburbs. - The North facing verandah is exposed to the warm sun all year round and it is split into two cohesive spaces with dining / bar on the first level and downstairs has 2 cool rooms, freezer, office, store room and a wine cellar. - Fully air conditioned and heaters in winter, 2 large televisions as well as disabled toilets and lift. - A recent $120K upgrade in 2015 was spent on fit out and equipment - A must to inspect - Please only visit as a customer and contact your broker for any further information.


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

SBXSF1321F

For more details please call (02) 9439 4403
or click here to register with us.


 Business for sale  Business for sale  Business for sale  Business for sale  Business for sale  Business for sale