Restaurant - Bar - Functions

Business Code: SFG1006


Key Features: Easy to run

State: NSW

Location: Excellent street frontage location in an entertainment, events and dining precinct in Inner West Sydney.

Description

Restaurant and bar that caters for entertainment and events specialising in Mexican cuisine. - Fully licensed for alcoholic beverages including cocktails. - 54 seats inside with 30 seats outside. - Modern wood and tiled themed shopfit. - Light cooking only as most ingredients are pre-prepared by supplier so an expert chef is not required in day to day operation. - 30 seats outside - 54 seats inside.

Summary

  • Features: Hours of operation are highly attractive - Easy to operate - Simple menu and easy preparation of food - Close proximity to major events - Profitable.

  • Potential: Could open for lunches - expand marketing through facebook - enter into arrangement with Uber Eats.

  • Premises: This business has an attractive casual themed internal dining area and smaller external area with an area of 105 sq. mts.

  • Trading Hours: 5 days - Tues. - Thurs. - 4 p.m. - 9 p.m. - Fri. - 12 - 11 p.m. - Sat. - 4 p.m. - 11 p.m. - Sun. as required by events.

  • Lease: Current lease expires July 2019 + 5 year option - 3% increases p.a. - 6 month bank guarantee.

  • Employees: 1 owner + 1 - 2 casuals

  • Comments: Misc.- 1 - other general expenses + GST. - Misc. - 2 - superannuation guarantee levy. - Training available for purchaser. - Business was established by current owner and is now profitable with current turnover up approx.25% on prior year.

Weekly Summary

Weekly Takings
(inc GST)

$7,800

Cost of Goods

$2,100

Gross Profit

$5,700

Rent

$1,421

Wages

$500

Telephone

$15

Insurance

$60

Electricity

$200

Misc1

$220

Misc2

$50

Total Expenses

$2,466

Estimated Stock (Additional)

$10,000

Net Profit

$3,234

Price

$170,000

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