Eastern Suburbs
NSW
$98,000
Restaurant - Function Centre - Bar - Residence AttachedPrice: $199,000Net Profit: $7,170 |
Visit this listing at https://www.sbx.com.au/business?id=SFD1033 |
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Business Code: SFD1033 Key Features: Indian Cuisine Function Centre Bar 1 br Residence Nett $7170 p.w City Fringe Nsw State: NSW Suburb: Newtown, 2042 Location: Trendy prime street front location, in the City Fringe close to CBD and surrounded by commercial, residential universities, hospitals, cafes and restaurants.. DescriptionRestaurant - takeaway currently serving Indian, Sri Lankan, Malaysian cuisine but can be changed to any cuisine like Chinese, Thai, Turkish, Italian etc. - flexible premises can accommodate 130 diners. - Premises has large kitchen, function centre, bar and one bedroom unit. - Full Kitchen with 8 + 3 burners, Tandoor, griller, fryer, cool room, cold storage, storeroom - 130 seats inside- Licenced Summary
Weekly SummaryWeekly Takings (inc GST)$22,500Cost of Goods$6,000Gross Profit$16,500Rent$3,112Wages$5,570Telephone$20Insurance$138Electricity$220Gas$75Misc1$125Misc2$70Total Expenses$9,330Estimated Stock (Additional)$5,000Net Profit$7,170Price$199,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Function Centre - Bar - Residence Attached
Business Code: SFD1033
Price: $199,000
+ Estimated SAV $5,000
Key Features: Indian Cuisine Function Centre Bar 1 br Residence Nett $7170 p.w City Fringe Nsw
State: NSW
Suburb: Newtown, 2042
Location: Trendy prime street front location, in the City Fringe close to CBD and surrounded by commercial, residential universities, hospitals, cafes and restaurants..
Description
Restaurant - takeaway currently serving Indian, Sri Lankan, Malaysian cuisine but can be changed to any cuisine like Chinese, Thai, Turkish, Italian etc. - flexible premises can accommodate 130 diners. - Premises has large kitchen, function centre, bar and one bedroom unit. - Full Kitchen with 8 + 3 burners, Tandoor, griller, fryer, cool room, cold storage, storeroom - 130 seats inside- Licenced
Summary
- Features: Very busy on Menulog, Uber eats, Deliveroo and Doordash. - Also has own delivery with three scooters and website. - Menulog Award Winner for Best Indian Restaurant in Sydney City & Inner South for 2017,2018 & 2019 also Menulog State Winner NSW for 2019.
- Potential: This location would suit any type of cuisine and has the potential for a number of different uses including bar and function centre - Could serve breakfast, lunch & dinner.
- Premises: Very spacious two storey building with street front exposure and an area of 300 sq. mts. including one bedroom residence.
- Trading Hours: 7 days - Lunch - Mon. - Fri. - 11.30 a.m. - 3.00 p.m.- Dinner - Mon. - Fri. - 5 p.m. - 9.30 p.m. Sat / Sun / Public holidays - 11.30 a.m. - 9.30 p.m.
- Lease: Current lease expires Sept. 2021 + 4 year option - 4% increases per annum - 3 month bond.
- Employees: 1 owner + 2 full timers + 7 casuals
- Sale Reason: Other business interests
- Comments: Misc.- 1 - Other general expenses - Misc. - 2 - Water expense. - Rent includes outgoing and one bedroom unit. - All interested buyers must arrange a meeting with the vendor through their SBX broker and must not speak to any staff on site - Great opportunity to buy into a very busy food strip in the City Fringe and close to the Sydney CBD. - A must to inspect but please be 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)
$22,500
Cost of Goods
$6,000
Gross Profit
$16,500
Rent (ex GST)
$3,112
Wages
$5,570
Telephone
$20
Insurance
$138
Electricity
$220
Gas
$75
Misc1
$125
Misc2
$70
Total Expenses
$9,330
Estimated Stock (Additional)
$5,000
Net Profit
$7,170
Price
$199,000
+ Estimated SAV $5,000
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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.
