Visit this listing at https://www.sbx.com.au/business?id=SF1575

Business Code: SF1575

Key Features: Bar /Restaurant - Miranda - Suit any concept - South Sydney - WIWO

State: NSW

Suburb: Miranda, 2228

Location: Situated in a busy dining precinct in a busy shopping centre close to the cinema, retail, and other restaurants in the South of Sydney

Description

Bar -Restaurant - Functions - Reopened in July 2020 - Selling fresh and generous portions of steaks, ribs and burgers as well as a wide variety of chicken, seafood, salads, fresh bread and vegetarian dishes - Fully licensed - Fully Equipped and state of the art well maintained open kitchen - On premise liquor license - 160 seats inside and 40 seats outside - Suitable for experienced and motivated purchasers, astute hands on operator or investors - Business name, website and recipes are not being sold or included in the sale. Rental abatement till Dec 2020 - This is a brilliant WIWO opportunity for an experienced operator - Figures shown are the 2019 Jan- Dec average p.w.

Summary

  • Features: Large Kitchen - Busy dining precinct - High foot traffic - Ideal for functions, events and parties - 427 m2 - Currently under management - Reluctant sale as family member is unwell - Rental abatement till Dec 2020
  • Potential: Open 7 days - Do some local marketing and advertising - Increase liquor sales - Could introduce coffee and breakfast especially on weekends - Suit an experienced owner operator and reduce the top end management / head office and labour costs
  • Premises: This stylish, chic and well designed venue has high equipment value and has an area of 427 m2 and includes indoor and covered outdoor seating
  • Trading Hours: 6 days - Lunch - Tues. - Sun. - !2 noon - 3.00 p.m. and dinner 5.30 p.m. - 9.30 p.m.
  • Lease: Current lease expires March. 2025 - 3.5% increases - 3 month bond
  • Employees: 1 Manager - Full staff list will be provided as required after a meeting
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$35,500

Cost of Goods

$10,000

Gross Profit

$25,500

Rent

$6,523

Wages

$12,900

Outgoings

$578

Telephone

$100

Insurance

$375

Electricity

$350

Gas

$600

Misc1

$700

Total Expenses

$22,126

Estimated Stock (Additional)

$40,000

Net Profit

$3,374

Price

$78,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bars - Function Area - Restaurant - Steakhouse - Under Management

Business Code: SF1575
Price: $78,000

Key Features: Bar /Restaurant - Miranda - Suit any concept - South Sydney - WIWO

State: NSW

Suburb: Miranda, 2228

Location: Situated in a busy dining precinct in a busy shopping centre close to the cinema, retail, and other restaurants in the South of Sydney

Description

Bar -Restaurant - Functions - Reopened in July 2020 - Selling fresh and generous portions of steaks, ribs and burgers as well as a wide variety of chicken, seafood, salads, fresh bread and vegetarian dishes - Fully licensed - Fully Equipped and state of the art well maintained open kitchen - On premise liquor license - 160 seats inside and 40 seats outside - Suitable for experienced and motivated purchasers, astute hands on operator or investors - Business name, website and recipes are not being sold or included in the sale. Rental abatement till Dec 2020 - This is a brilliant WIWO opportunity for an experienced operator - Figures shown are the 2019 Jan- Dec average p.w.

Summary

  • Features: Large Kitchen - Busy dining precinct - High foot traffic - Ideal for functions, events and parties - 427 m2 - Currently under management - Reluctant sale as family member is unwell - Rental abatement till Dec 2020
  • Potential: Open 7 days - Do some local marketing and advertising - Increase liquor sales - Could introduce coffee and breakfast especially on weekends - Suit an experienced owner operator and reduce the top end management / head office and labour costs
  • Premises: This stylish, chic and well designed venue has high equipment value and has an area of 427 m2 and includes indoor and covered outdoor seating
  • Trading Hours: 6 days - Lunch - Tues. - Sun. - !2 noon - 3.00 p.m. and dinner 5.30 p.m. - 9.30 p.m.
  • Lease: Current lease expires March. 2025 - 3.5% increases - 3 month bond
  • Employees: 1 Manager - Full staff list will be provided as required after a meeting
  • Sale Reason: Very personal health issues
  • Comments: Misc.- 1 - Other General expenses - Over $1 million spent on fit out and equipment included in the price - The Managers wage of $1500 p.w. has been removed and shown in net profit as for an owner operator. - Business name, website and recipes are not being sold or included in the sale. Reluctant sale - Figures shown are the 2019 Jan- Dec average p.w.
    Suitable for experienced and motivated purchasers, astute hands on operator or investors - inspections are by appointment - Please contact your broker - PRICED TO SELL!! WIWO Not selling on figures - and selling on equipment value 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

Weekly Takings
(inc GST)

$35,500

Cost of Goods

$10,000

Gross Profit

$25,500

Rent (ex GST)

$6,523

Wages

$12,900

Outgoings

$578

Telephone

$100

Insurance

$375

Electricity

$350

Gas

$600

Misc1

$700

Total Expenses

$22,126

Estimated Stock (Additional)

$40,000

Net Profit

$3,374

Price

$78,000

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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.