Visit this listing at https://www.sbx.com.au/business?id=F3210SF

Business Code: F3210SF

Key Features: Restaurant,Cafe, Bar - Huge courtyard - Balmain - Nett $2,445 pw

State: NSW

Suburb: Balmain, 2041

Location: Situated in busy dining precinct in popular suburb in Inner West.

Description

Restaurant- cafe - bar 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 - Social media reports a high standard of both food and customer service. - 50 seats outside - 40 seats inside - Fully Licensed.

Summary

  • Features: Consistently impressive reputation. - Well established - Regular clients - Good for functions and parties - New lease available (STA) - Good online reviews.
  • Potential: Could open for weekend breakfast and lunch service which was recently discontinued for personal reasons.- Spend money on marketing.
  • Premises: Cosy bar / cafe with rustic wooden tables and a breezy courtyard and lots of alfresco dining with an area of 150 sq. mts.
  • Trading Hours: 7 days - Mon. to Sun. - 5.30 p.m. to 9 p.m.
  • Lease: Current lease expires in May 2021 with potential for a new 3 + 3 year lease - 3 month bond - C.P.I. annual rental increases .
  • Employees: 1 working owner / Manager + 1 fulltimer plus 10- 12 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$14,200

Cost of Goods

$3,700

Gross Profit

$10,500

Rent

$1,844

Wages

$5,100

Telephone

$50

Insurance

$95

Electricity

$366

Gas

$200

Misc1

$400

Total Expenses

$8,055

Estimated Stock (Additional)

$5,000

Net Profit

$2,445

Price

$48,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Cafe - Functions - Modern Australian

Business Code: F3210SF
Price: $48,000

Key Features: Restaurant,Cafe, Bar - Huge courtyard - Balmain - Nett $2,445 pw

State: NSW

Suburb: Balmain, 2041

Location: Situated in busy dining precinct in popular suburb in Inner West.

Description

Restaurant- cafe - bar 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 - Social media reports a high standard of both food and customer service. - 50 seats outside - 40 seats inside - Fully Licensed.

Summary

  • Features: Consistently impressive reputation. - Well established - Regular clients - Good for functions and parties - New lease available (STA) - Good online reviews.
  • Potential: Could open for weekend breakfast and lunch service which was recently discontinued for personal reasons.- Spend money on marketing.
  • Premises: Cosy bar / cafe with rustic wooden tables and a breezy courtyard and lots of alfresco dining with an area of 150 sq. mts.
  • Trading Hours: 7 days - Mon. to Sun. - 5.30 p.m. to 9 p.m.
  • Lease: Current lease expires in May 2021 with potential for a new 3 + 3 year lease - 3 month bond - C.P.I. annual rental increases .
  • Employees: 1 working owner / Manager + 1 fulltimer plus 10- 12 casuals.
  • Sale Reason: Time for a change after 14.5 years.
  • Comments: Misc 1 - Other general expenses and GST - One full time 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 14.5 years - Lots of potential to open for breakfast and lunch on the weekends and further increase sales and profit.
    - A new 3 + 3 year lease has already been drafted - A must to inspect - Won't last at this price!!

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

Weekly Summary

Weekly Takings
(inc GST)

$14,200

Cost of Goods

$3,700

Gross Profit

$10,500

Rent (ex GST)

$1,844

Wages

$5,100

Telephone

$50

Insurance

$95

Electricity

$366

Gas

$200

Misc1

$400

Total Expenses

$8,055

Estimated Stock (Additional)

$5,000

Net Profit

$2,445

Price

$48,000

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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.