Visit this listing at https://www.sbx.com.au/business?id=G1729

Business Code: G1729

Key Features: Amazing fitout - Excellent outdoor seating area - Sales $40,000 p.w.

State: NSW

Location: Well located on a very busy eat street in the Eastern Suburbs / City Fringe.

Description

Restaurant and Bar - Modern but still authentic Mexican eatery offering a selection of street food for starters, tacos, enchiladas, quesadillas as well as a selection of set menus for sharing. - Fully fitted out and well designed restaurant includes split level dining area, large central cocktail bar, outside verandah & private PSA licensed lounge area. - Traditional fresh flavours, Mezcal, Margaritas, Cocktails & a special Tequilla & Agave list. - The restaurant is fully licensed with seating for approx.141 people.

Summary

  • Features: Amazing fitout. - Purposely designed. - Great ambiance. - Great location. - Well established. - Great reputation. - Great reviews. - Good lease. - Excellent outdoor dining area. - Great back of house facilities and plenty of storage. -All outgoings are included in the rent.
  • Potential: Huge potential for a hands on owner operator or couple running the business to reduce wages & increase profits. - Very successful as Mexican but would also suit any cuisine - Could promote catering and increase deliveries - Excellent for functions and parties.
  • Premises: This restaurant has an area of approx. 300 sq. mts. including inside and outside dining & large commercial kitchen with plenty of storage.
  • Trading Hours: 6 days - Tues. - Sun. - 5 p.m. - 11 p.m + Lunch Sat. - 12 p.m. - 11 p.m.
  • Lease: 5 + 5 year lease commenced Aug. 2017. - 4% annual increases. - 3 months rent in advance (in lieu of bond)
  • Employees: 1 floor Manager + 1 bar Manager + 1 head Chef + approx. 18 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$40,000

Cost of Goods

$11,500

Gross Profit

$28,500

Rent

$4,500

Wages

$12,500

Telephone

$25

Insurance

$250

Electricity

$615

Gas

$200

Misc1

$3,636

Misc2

$2,000

Total Expenses

$23,726

Estimated Stock (Additional)

$25,000

Net Profit

$4,774

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant & Bar - Under Management

Business Code: G1729
Price: $350,000

Key Features: Amazing fitout - Excellent outdoor seating area - Sales $40,000 p.w.

State: NSW

Location: Well located on a very busy eat street in the Eastern Suburbs / City Fringe.

Description

Restaurant and Bar - Modern but still authentic Mexican eatery offering a selection of street food for starters, tacos, enchiladas, quesadillas as well as a selection of set menus for sharing. - Fully fitted out and well designed restaurant includes split level dining area, large central cocktail bar, outside verandah & private PSA licensed lounge area. - Traditional fresh flavours, Mezcal, Margaritas, Cocktails & a special Tequilla & Agave list. - The restaurant is fully licensed with seating for approx.141 people.

Summary

  • Features: Amazing fitout. - Purposely designed. - Great ambiance. - Great location. - Well established. - Great reputation. - Great reviews. - Good lease. - Excellent outdoor dining area. - Great back of house facilities and plenty of storage. -All outgoings are included in the rent.
  • Potential: Huge potential for a hands on owner operator or couple running the business to reduce wages & increase profits. - Very successful as Mexican but would also suit any cuisine - Could promote catering and increase deliveries - Excellent for functions and parties.
  • Premises: This restaurant has an area of approx. 300 sq. mts. including inside and outside dining & large commercial kitchen with plenty of storage.
  • Trading Hours: 6 days - Tues. - Sun. - 5 p.m. - 11 p.m + Lunch Sat. - 12 p.m. - 11 p.m.
  • Lease: 5 + 5 year lease commenced Aug. 2017. - 4% annual increases. - 3 months rent in advance (in lieu of bond)
  • Employees: 1 floor Manager + 1 bar Manager + 1 head Chef + approx. 18 casuals
  • Sale Reason: The owner has family reasons.
  • Comments: An owner operator that was taking over the Managers position or Head Chef could save up to $2000 in wages and increase profit by $100K p.a.. - Misc.- 1 - GST paid. - Misc.- 2 - Other expenses.

Weekly Summary

Weekly Takings
(inc GST)

$40,000

Cost of Goods

$11,500

Gross Profit

$28,500

Rent (ex GST)

$4,500

Wages

$12,500

Telephone

$25

Insurance

$250

Electricity

$615

Gas

$200

Misc1

$3,636

Misc2

$2,000

Total Expenses

$23,726

Estimated Stock (Additional)

$25,000

Net Profit

$4,774

Price

$350,000

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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.