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 serving English pub style meals including steak and mash and Yorkshire pudding with great on-tap beers - 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 with high ceilings and folding windows across the entire street frontage and an area of 140 sq. mts.
  • 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

$95,000

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 serving English pub style meals including steak and mash and Yorkshire pudding with great on-tap beers - 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 with high ceilings and folding windows across the entire street frontage and an area of 140 sq. mts.
  • 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 (ex GST)

$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

$95,000

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