Inner West
NSW
$95,000
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 - 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 - 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. - Brilliant opportunity -Rare Opportunity - 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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