Visit this listing at https://www.sbx.com.au/business?id=FA1028

Business Code: FA1028

Key Features: Great buy

State: NSW

Suburb: Neutral Bay, 2089

Location: Situated for many years at this address surrounded by a variety of restaurants and eateries on Lower North Shore.

Description

Restaurant serving Izakaya style Japanese menu with 100 traditional dishes plus chefs daily specials and a combination of sushi dishes. - Full licensed with a large selection of wines and spirits including Japanese sake and beer. - Restaurant holds a "Japanese sake fest" 3 times a year. - 60 seats inside - 10 seats outside.

Summary

  • Features: Authentic Japanese fitout. - Very well established. - Well known with Japanese tourists
  • Potential: Could open for lunch and Sunday which would increase profit.
  • Premises: This business has an area of 183 sq. mts. with spacious high ceilings and trendy Japanese atmosphere.
  • Trading Hours: 6 days - Mon. - Sat . - Dinner only 6 p.m. to midnight
  • Lease: Current lease expires 30th April, 2020 + 5 + 5 + 5 year options - annual increases 3.5% negotiable
  • Employees: 2 owners fulltime + 6 casuals
  • Comments: New commercial kitchen and fit out only two years old and costing approx. $180,000 - This is a unique opportunity and priced well below market value to sell quickly.

Weekly Summary

Weekly Takings (inc GST)

$12,000

Cost of Goods

$3,278

Gross Profit

$8,722

Rent

$2,855

Wages

$2,400

Telephone

$18

Insurance

$87

Electricity

$161

Gas

$70

Misc1

$1,381

Total Expenses

$6,972

Estimated Stock (Additional)

$15,000

Equipment (Included)

$55,000

Net Profit

$1,750

Price

$50,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Japanese Cuisine

Business Code: FA1028
Price: $50,000

Key Features: Great buy

State: NSW

Suburb: Neutral Bay, 2089

Location: Situated for many years at this address surrounded by a variety of restaurants and eateries on Lower North Shore.

Description

Restaurant serving Izakaya style Japanese menu with 100 traditional dishes plus chefs daily specials and a combination of sushi dishes. - Full licensed with a large selection of wines and spirits including Japanese sake and beer. - Restaurant holds a "Japanese sake fest" 3 times a year. - 60 seats inside - 10 seats outside.

Summary

  • Features: Authentic Japanese fitout. - Very well established. - Well known with Japanese tourists
  • Potential: Could open for lunch and Sunday which would increase profit.
  • Premises: This business has an area of 183 sq. mts. with spacious high ceilings and trendy Japanese atmosphere.
  • Trading Hours: 6 days - Mon. - Sat . - Dinner only 6 p.m. to midnight
  • Lease: Current lease expires 30th April, 2020 + 5 + 5 + 5 year options - annual increases 3.5% negotiable
  • Employees: 2 owners fulltime + 6 casuals
  • Comments: New commercial kitchen and fit out only two years old and costing approx. $180,000 - This is a unique opportunity and priced well below market value to sell quickly.

Weekly Summary

Weekly Takings
(inc GST)

$12,000

Cost of Goods

$3,278

Gross Profit

$8,722

Rent (ex GST)

$2,855

Wages

$2,400

Telephone

$18

Insurance

$87

Electricity

$161

Gas

$70

Misc1

$1,381

Total Expenses

$6,972

Estimated Stock (Additional)

$15,000

Equipment (Included)

$55,000

Net Profit

$1,750

Price

$50,000

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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.