Visit this listing at https://www.sbx.com.au/business?id=GJ1418

Business Code: GJ1418

Key Features: Large turnover

State: NSW

Suburb: Burwood, 2134

Location: Situated in top shopping -cafe - restaurant strip in very busy Inner West suburb.

Description

Restaurant - cafe serving Italian influenced cuisine, specialising in large servings. - Menu includes steaks, desserts, pastas etc at $25 - $35 per head average. - Full stainless steel kitchen, greasetrap, storage, -26 seats outside - 74 seats inside. - Uber deliveries.

Summary

  • Features: Great quality food. - Great reputation - Very well patronised - Great ambiance - Long established. -Modern fitout. - High profile site.
  • Potential: Renovation plans approved by council worth $15K are included in the sale.- Opportunity to reduce cost of goods and wages with fulltime owner operators.
  • Premises: Large modern premises with an area of 200 sq. mts. including rear lane access, toilet and staff room.
  • Trading Hours: 7 days - Mon. to Fri. - 11 a.m. - 11.30 p.m. - Sat. and Sun. - 11 a.m.- 12 a.m.
  • Lease: New 10 year lease commenced November. 2017 - 3 months bond - 3.5% increases per annum.
  • Employees: Owner (parttime) + 2 fulltimers + 5 casuals on the floor + 3 fulltimers + 3-4 casuals in the kitchen.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$52,000

Cost of Goods

$14,560

Gross Profit

$37,440

Rent

$6,875

Wages

$16,156

Outgoings

$2,071

Telephone

$51

Insurance

$196

Electricity

$761

Gas

$656

Misc1

$422

Misc2

$192

Coffee Kilos P/W

20

Total Expenses

$27,380

Estimated Stock (Additional)

$28,000

Net Profit

$10,060

Price

$695,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Cafe

Business Code: GJ1418
Price: $695,000

Key Features: Large turnover

State: NSW

Suburb: Burwood, 2134

Location: Situated in top shopping -cafe - restaurant strip in very busy Inner West suburb.

Description

Restaurant - cafe serving Italian influenced cuisine, specialising in large servings. - Menu includes steaks, desserts, pastas etc at $25 - $35 per head average. - Full stainless steel kitchen, greasetrap, storage, -26 seats outside - 74 seats inside. - Uber deliveries.

Summary

  • Features: Great quality food. - Great reputation - Very well patronised - Great ambiance - Long established. -Modern fitout. - High profile site.
  • Potential: Renovation plans approved by council worth $15K are included in the sale.- Opportunity to reduce cost of goods and wages with fulltime owner operators.
  • Premises: Large modern premises with an area of 200 sq. mts. including rear lane access, toilet and staff room.
  • Trading Hours: 7 days - Mon. to Fri. - 11 a.m. - 11.30 p.m. - Sat. and Sun. - 11 a.m.- 12 a.m.
  • Lease: New 10 year lease commenced November. 2017 - 3 months bond - 3.5% increases per annum.
  • Employees: Owner (parttime) + 2 fulltimers + 5 casuals on the floor + 3 fulltimers + 3-4 casuals in the kitchen.
  • Sale Reason: Owner is retiring
  • Comments: Shop next door is part of the current lease and included in the rent shown on profile - It is sublet on 3 x 3 year lease commencing 1st June, 2019 at $9670 per month - The profit from the sublet shop next door can be added to the net profit to make a total of $12,291 per week. - Turnover is regularly $42k-$45k p.w. in winter and $70k p.w. December to mid-February. (It has gone as high as $88K/week) -
    This business will sell on trial basis only. - Halal compliant plus offers shisha in outdoor area (this is very profitable) - also does ramadan promotions and is so busy, bookings only. - figures above all include gst. - Miscell. - 1- above of $422 per week is garbage removal (3- 4 pickups per week) - Miscell.-2 - Outside seating (paid in 4 instalments over the year)

Weekly Summary

Weekly Takings
(inc GST)

$52,000

Cost of Goods

$14,560

Gross Profit

$37,440

Rent (ex GST)

$6,875

Wages

$16,156

Outgoings

$2,071

Telephone

$51

Insurance

$196

Electricity

$761

Gas

$656

Misc1

$422

Misc2

$192

Coffee Kilos P/W

20

Total Expenses

$27,380

Estimated Stock (Additional)

$28,000

Net Profit

$10,060

Price

$695,000

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