Visit this listing at https://www.sbx.com.au/business?id=SFD1033

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..

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
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$22,500

Cost of Goods

$6,000

Gross Profit

$16,500

Rent

$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

$270,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Function Centre - Bar - Residence Attached

Business Code: SFD1033
Price: $270,000

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

$270,000

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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.