Inner West
NSW
$74,900
Restaurant - Functions - Business OpportunityPrice: $378,000Net Profit: $6,250 |
Visit this listing at https://www.sbx.com.au/business?id=SF1116 |
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Business Code: SF1116 Key Features: Restaurant - Rent inc outgoings only $1,100 p.w. State: NSW Suburb: Bossley Park, 2176 Location: Situated inside a large club in the West of Sydney. DescriptionRestaurant - Functions- 4 days only- Currently closed in July 2021 Lockdown - Italian style restaurant in a club - Using local fresh produce specialising in seafood, pastas, risotto, salads and a la carte meals. - Classic and modern Italian dishes. - Full kitchen with cool room, grease trap and exhaust. - Extensive wine list with no inventory held as club holds licence with 50% profit on alcohol sales. - Ideal for functions - 120 - 160 seats - Sales shown are Jan - Dec 2019 weekly average Summary
Weekly SummaryWeekly Takings (inc GST)$27,500Cost of Goods$8,750Gross Profit$18,750Rent$1,100Wages$8,500Telephone$50Insurance$250Misc1$2,600Total Expenses$12,500Estimated Stock (Additional)$20,000Equipment (Included)$40,000Net Profit$6,250Price$378,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Functions - Business Opportunity
Business Code: SF1116
Price: $378,000
+ Estimated SAV $20,000
Key Features: Restaurant - Rent inc outgoings only $1,100 p.w.
State: NSW
Suburb: Bossley Park, 2176
Location: Situated inside a large club in the West of Sydney.
Description
Restaurant - Functions- 4 days only- Currently closed in July 2021 Lockdown - Italian style restaurant in a club - Using local fresh produce specialising in seafood, pastas, risotto, salads and a la carte meals. - Classic and modern Italian dishes. - Full kitchen with cool room, grease trap and exhaust. - Extensive wine list with no inventory held as club holds licence with 50% profit on alcohol sales. - Ideal for functions - 120 - 160 seats - Sales shown are Jan - Dec 2019 weekly average
Summary
- Features: Very Low rent includes all outgoings - Good social Media - Captive market of club members - Unique opportunity - Profitable - Nothing to spend - Short trading hours - Four day work week plus extra if required for functions - Club support and subsidies second to none - includes outgoings & marketing - Staff happy to stay on or bring your own - Good working conditions & environment
- Potential: Could trade up to 7 days - An enthusiastic owner operator or couple could increase sales and profit. - To do more club promotions and corporate events.
- Premises: New, elegant and stylish premises and an area of 350 sq.mts.
- Trading Hours: 3 days - Fri. - Sat - 6 p.m. till 10 p.m. + Lunch Fri & Sun. - 12 p.m. - 3 p.m.
- Lease: Current lease expires May,2025 - C.P.I. increases - 3 month bond (Licence agreement is in place)
- Employees: 1 Owner + 3 fulltimers - 4 - 6 casuals
- Sale Reason: Other business interests
- Comments: Misc 1 - General Expenses and GST --Upmarket Italian & Seafood cuisine in Sydney's largest Italian Club. - Specialising in functions and small groups with seating up to 160 - $1,100 p.w. includes all outgoings including electricity, gas, water etc - No liquor license needed as inventory and license is held by the club
Most of the equipment is owned by the club. - Please contact your broker for more details - Rent including outgoings only $1,100 p.w
Inspection by appointment only
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$27,500
Cost of Goods
$8,750
Gross Profit
$18,750
Rent (ex GST)
$1,100
Wages
$8,500
Telephone
$50
Insurance
$250
Misc1
$2,600
Total Expenses
$12,500
Estimated Stock (Additional)
$20,000
Equipment (Included)
$40,000
Net Profit
$6,250
Price
$378,000
+ Estimated SAV $20,000
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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.
