Visit this listing at https://www.sbx.com.au/business?id=GNGDS1002

Business Code: GNGDS1002

Key Features: Great opportunity

State: VIC

Suburb: Point Cook, 3030

Location: South-Western outer Melbourne location on busy shopping strip near main entrance to shopping centre.

Description

Restaurant - Tapas bar serving European / Asian cuisine with great on-tap beers - Menu includes tapas, paella and other Spanish & European favourites - Full stand up bar and inside seating area - venue is popular as a function centre for intimate dinners and cocktail standing parties up to 180 - well equipped audio-visual equipment capabilities - weekly events like Fri. & Sat. music nights + discounted tap beers Sunday to Thursday. - 25 seats outside - 80 eats inside.

Summary

  • Features: Highly visible and lots of foot traffic - Licence till 1am - Well established - Popular and well known.
  • Potential: Outstanding location for private functions is currently under-utilised - new signage and social media promotion - Potential for change of cuisine to a steak house, Japanese teppanyaki, Mediterranean or Turkish.
  • Premises: Modern open-space tapas bar with high ceilings and folding windows across the entire street frontage.
  • Trading Hours: 6 days - Tues. - 5 p.m. -11 p.m. - Wed. to Sun.- 11 a.m. - 3 p.m. + 5 p.m. - 11 p.m. - Mon. closed.
  • Lease: 4 + 5 year lease expires October 2023 - 3% C.P.I. increases - Bond is 3 months rent bank guarantee.
  • Employees: 1 owner operator + 2 chefs + up to 6 casuals (demand dependent).
  • Comments: The venue was taking approx. $16k per week only a year ago. - Although this has dropped to $9k per week it still has the potential to build to about $20k per week with fresh management plan. - Generating around 30% sales on alcohol and 70% on balance. - Electricity and Gas is included in the rent. -

Weekly Summary

Weekly Takings (inc GST)

$9,000

Cost of Goods

$2,000

Gross Profit

$7,000

Rent

$2,077

Wages

$2,000

Outgoings

$692

Telephone

$46

Insurance

$29

Coffee Kilos P/W

5

Total Expenses

$4,844

Estimated Stock (Additional)

$5,000

Equipment (Included)

$120,000

Net Profit

$2,156

Price

$68,500

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant - Takeaway - Cafe

Business Code: GNGDS1002

Key Features: Great opportunity

State: VIC

Suburb: Point Cook, 3030

Location: South-Western outer Melbourne location on busy shopping strip near main entrance to shopping centre.

Description

Restaurant - Tapas bar serving European / Asian cuisine with great on-tap beers - Menu includes tapas, paella and other Spanish & European favourites - Full stand up bar and inside seating area - venue is popular as a function centre for intimate dinners and cocktail standing parties up to 180 - well equipped audio-visual equipment capabilities - weekly events like Fri. & Sat. music nights + discounted tap beers Sunday to Thursday. - 25 seats outside - 80 eats inside.

Summary

  • Features: Highly visible and lots of foot traffic - Licence till 1am - Well established - Popular and well known.
  • Potential: Outstanding location for private functions is currently under-utilised - new signage and social media promotion - Potential for change of cuisine to a steak house, Japanese teppanyaki, Mediterranean or Turkish.
  • Premises: Modern open-space tapas bar with high ceilings and folding windows across the entire street frontage.
  • Trading Hours: 6 days - Tues. - 5 p.m. -11 p.m. - Wed. to Sun.- 11 a.m. - 3 p.m. + 5 p.m. - 11 p.m. - Mon. closed.
  • Lease: 4 + 5 year lease expires October 2023 - 3% C.P.I. increases - Bond is 3 months rent bank guarantee.
  • Employees: 1 owner operator + 2 chefs + up to 6 casuals (demand dependent).
  • Comments: The venue was taking approx. $16k per week only a year ago. - Although this has dropped to $9k per week it still has the potential to build to about $20k per week with fresh management plan. - Generating around 30% sales on alcohol and 70% on balance. - Electricity and Gas is included in the rent. -

Weekly Summary

Weekly Takings
(inc GST)

$9,000

Cost of Goods

$2,000

Gross Profit

$7,000

Rent

$2,077

Wages

$2,000

Outgoings

$692

Telephone

$46

Insurance

$29

Coffee Kilos P/W

5

Total Expenses

$4,844

Estimated Stock (Additional)

$5,000

Equipment (Included)

$120,000

Net Profit

$2,156

Price

$68,500

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