Visit this listing at https://www.sbx.com.au/business?id=CB1403

Business Code: CB1403

Key Features: Restaurant - 250 Seater - Functions - Nett $7,850 p.w South West Sydney Nsw

State: NSW

Suburb: Campbelltown, 2560

Location: Prime location on main street in business centre of thriving South West Sydney regional hub.

Description

Restaurant with large seating capacity offering modern Australian cuisine and specialising in classic steak meals - Menu revolves around popular affordable selection of entrees, salads and everyday specials including meat dishes and seafood selections - Capable of holding large functions including weddings and corporate events - Strong enquiry for catering - Bar is well equipped with 12 taps and post mix dispenser - Kitchen updated and new equipment installed and has 2 x coo lrooms - 5 x new air conditioners installed. -Business name not transferable Licenced - 250 seats inside.

Summary

  • Features: Very competitive pricing - Strong local support - Prime location - Good lease terms - Availability for functions.
  • Potential: Target social media - Update and expand menu.
  • Premises: Impressive open plan floor space on upper level of 2 storey premises accessed via internal stairway and with rear entrance for goods and total area of 660 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11.00 a.m. - 9.00 p.m.
  • Lease: Current 3 year lease commenced April, 2019 + 3 years option - Increase 3% - Bond 3 months.
  • Employees: 4 full time (kitchen) + 2 full time (Floor - Bar) + 2 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$24,000

Cost of Goods

$8,000

Gross Profit

$16,000

Rent

$2,200

Wages

$5,000

Telephone

$50

Insurance

$85

Electricity

$460

Gas

$230

Misc1

$125

Total Expenses

$8,150

Estimated Stock (Additional)

$15,000

Equipment (Included)

$300,000

Net Profit

$7,850

Price

$295,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Functions - Under Management

Business Code: CB1403
Price: $295,000
+ Estimated SAV $15,000

Key Features: Restaurant - 250 Seater - Functions - Nett $7,850 p.w South West Sydney Nsw

State: NSW

Suburb: Campbelltown, 2560

Location: Prime location on main street in business centre of thriving South West Sydney regional hub.

Description

Restaurant with large seating capacity offering modern Australian cuisine and specialising in classic steak meals - Menu revolves around popular affordable selection of entrees, salads and everyday specials including meat dishes and seafood selections - Capable of holding large functions including weddings and corporate events - Strong enquiry for catering - Bar is well equipped with 12 taps and post mix dispenser - Kitchen updated and new equipment installed and has 2 x coo lrooms - 5 x new air conditioners installed. -Business name not transferable Licenced - 250 seats inside.

Summary

  • Features: Very competitive pricing - Strong local support - Prime location - Good lease terms - Availability for functions.
  • Potential: Target social media - Update and expand menu.
  • Premises: Impressive open plan floor space on upper level of 2 storey premises accessed via internal stairway and with rear entrance for goods and total area of 660 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11.00 a.m. - 9.00 p.m.
  • Lease: Current 3 year lease commenced April, 2019 + 3 years option - Increase 3% - Bond 3 months.
  • Employees: 4 full time (kitchen) + 2 full time (Floor - Bar) + 2 casuals.
  • Sale Reason: Pursue other business interests.
  • Comments: Misc.- 1- Bank fees - Waste removal included in rent - Business name not transferable - Currently not open Tuesday - Current takings $18,000 with net profit $4,000.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$24,000

Cost of Goods

$8,000

Gross Profit

$16,000

Rent (ex GST)

$2,200

Wages

$5,000

Telephone

$50

Insurance

$85

Electricity

$460

Gas

$230

Misc1

$125

Total Expenses

$8,150

Estimated Stock (Additional)

$15,000

Equipment (Included)

$300,000

Net Profit

$7,850

Price

$295,000
+ Estimated SAV $15,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.