Visit this listing at https://www.sbx.com.au/business?id=SF1567

Business Code: SF1567

Key Features: Cocktail Bar - Restaurant - Asian Sales $32,200 p.w.- Coogee - Net $8,005 pw

State: NSW

Suburb: Coogee, 2034

Location: Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Description

Restaurant - Dumpling Bar - Cocktail Bar - Function Room - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -

Summary

  • Features: Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road - Function Room upstairs
  • Potential: Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area
  • Premises: Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, function area, garden, rear lane access and large upstairs room and an area of 180 sq.mts.
  • Trading Hours: 7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.
  • Lease: Current lease commenced Sept. 2019 - Expires Sept. 2022 + 3 year option - 4% increases - 3 month bond
  • Employees: 1 owner + 4 fulltimers + 8-10 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$32,200

Cost of Goods

$9,900

Gross Profit

$22,300

Rent

$3,800

Wages

$8,300

Telephone

$25

Insurance

$80

Electricity

$380

Gas

$180

Misc1

$1,500

Misc2

$30

Total Expenses

$14,295

Estimated Stock (Additional)

$20,000

Net Profit

$8,005

Price

$450,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant - Takeaway - Function Room - Asian Cuisine

Business Code: SF1567
Price: $450,000

Key Features: Cocktail Bar - Restaurant - Asian Sales $32,200 p.w.- Coogee - Net $8,005 pw

State: NSW

Suburb: Coogee, 2034

Location: Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Description

Restaurant - Dumpling Bar - Cocktail Bar - Function Room - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -

Summary

  • Features: Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road - Function Room upstairs
  • Potential: Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area
  • Premises: Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, function area, garden, rear lane access and large upstairs room and an area of 180 sq.mts.
  • Trading Hours: 7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.
  • Lease: Current lease commenced Sept. 2019 - Expires Sept. 2022 + 3 year option - 4% increases - 3 month bond
  • Employees: 1 owner + 4 fulltimers + 8-10 casuals
  • Sale Reason: Other business interests
  • Comments: Misc.- 1 - Other General expenses and GST - Misc.- 2 - Outdoor Seating. - PSA License - Some of the equipment is owned by the landlord.- Current owners spent over $100k on upgrading the business. - This business is consistent all year round as it is popular with locals and has high foot and car traffic -
    A rare opportunity to buy a beach side business in a brilliant location. upstairs dining and function room, balcony and garden area. - No chef is required only cooks making it much easier to manage - Coffee machine is owned by the coffee company -
    Extra outdoor street seating approved with now extra cost - A must to inspect but please be very discreet.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$32,200

Cost of Goods

$9,900

Gross Profit

$22,300

Rent (ex GST)

$3,800

Wages

$8,300

Telephone

$25

Insurance

$80

Electricity

$380

Gas

$180

Misc1

$1,500

Misc2

$30

Total Expenses

$14,295

Estimated Stock (Additional)

$20,000

Net Profit

$8,005

Price

$450,000

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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.