Visit this listing at https://www.sbx.com.au/business?id=SFD1038

Business Code: SFD1038

Key Features: Indian Restaurant -Under Management - Lower North Shore - Netting $7,289 p.w

State: NSW

Suburb: McMahons Point, 2060

Location: Situated in a prime street front location and surrounded by businesses, shops, offices, hotel, and residences in Lower North Shore Sydney.

Description

Restaurant serving fine dining Indian cuisine - Takeaway - recently renovated - fully equipped kitchen with oven, tandoor, cool room, freezer, display fridge, cool bar and has been perfectly designed to cater for a large volume turnover - Caters for functions and special occasions - equipped with all systems - POS, Internet, music, A/C, Smart AI built in website, visual window display monitor and security camera. - 50 seats inside - 20 seats outside. - Delivery through Uber Eats, Menu log, Deliveroo, Door Dash and own online web delivery platform. - Licensed and BYO - Winner of Travellers Choice Award 2021

Summary

  • Features: Locally popular Indian Restaurant for last 20 years - Very well known with an excellent reputation - Good regular customer base - Very well equipped kitchen - No competition
  • Potential: Further promote breakfast and lunch, good for an owner operator - State of art equipment - Ready to start as a restaurant chain.
  • Premises: Glass frontage, recently renovated - top of the class interior and furniture with an area of 150 sq. mts. Excellent outdoor ambience. Featured in local papers.
  • Trading Hours: 7 days - Lunch - 11.30 a.m. - 3 p.m. - Dinner - 5 p.m. - 9 p.m. - Weekend opens for breakfast 7.30 a.m. -11.30 a.m.
  • Lease: Current lease expires in Feb 2025 + 5 years option - 3 months bond - 3% rent increase per annum
  • Employees: 2 fulltimers + 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$20,000

Cost of Goods

$5,760

Gross Profit

$14,240

Rent

$1,400

Wages

$5,000

Outgoings

$40

Telephone

$20

Insurance

$55

Electricity

$246

Gas

$115

Misc1

$75

Total Expenses

$6,951

Estimated Stock (Additional)

$10,000

Net Profit

$7,289

Price

$278,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Indian Cuisine - Takeaway - Under Management - Bar

Business Code: SFD1038
Price: $278,000
+ Estimated SAV $10,000

Key Features: Indian Restaurant -Under Management - Lower North Shore - Netting $7,289 p.w

State: NSW

Suburb: McMahons Point, 2060

Location: Situated in a prime street front location and surrounded by businesses, shops, offices, hotel, and residences in Lower North Shore Sydney.

Description

Restaurant serving fine dining Indian cuisine - Takeaway - recently renovated - fully equipped kitchen with oven, tandoor, cool room, freezer, display fridge, cool bar and has been perfectly designed to cater for a large volume turnover - Caters for functions and special occasions - equipped with all systems - POS, Internet, music, A/C, Smart AI built in website, visual window display monitor and security camera. - 50 seats inside - 20 seats outside. - Delivery through Uber Eats, Menu log, Deliveroo, Door Dash and own online web delivery platform. - Licensed and BYO - Winner of Travellers Choice Award 2021

Summary

  • Features: Locally popular Indian Restaurant for last 20 years - Very well known with an excellent reputation - Good regular customer base - Very well equipped kitchen - No competition
  • Potential: Further promote breakfast and lunch, good for an owner operator - State of art equipment - Ready to start as a restaurant chain.
  • Premises: Glass frontage, recently renovated - top of the class interior and furniture with an area of 150 sq. mts. Excellent outdoor ambience. Featured in local papers.
  • Trading Hours: 7 days - Lunch - 11.30 a.m. - 3 p.m. - Dinner - 5 p.m. - 9 p.m. - Weekend opens for breakfast 7.30 a.m. -11.30 a.m.
  • Lease: Current lease expires in Feb 2025 + 5 years option - 3 months bond - 3% rent increase per annum
  • Employees: 2 fulltimers + 4 casuals
  • Sale Reason: Other business interests.
  • Comments: Misc.- 1 - Other general expenses - Ideal for owner, couple or family team - Nothing to spend - vendor is happy to transfer the business name - All interested buyers must arrange a meeting with the vendor through their SBX broker and must not speak to any staff on site - 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

Figures include GST unless stated otherwise

Weekly Takings

$20,000

Cost of Goods

$5,760

Gross Profit

$14,240

Rent (ex GST)

$1,400

Wages

$5,000

Outgoings

$40

Telephone

$20

Insurance

$55

Electricity

$246

Gas

$115

Misc1

$75

Total Expenses

$6,951

Estimated Stock (Additional)

$10,000

Net Profit

$7,289

Price

$278,000
+ Estimated SAV $10,000

 Print

Enquire about this listing



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.