Visit this listing at https://www.sbx.com.au/business?id=SFG1006

Business Code: SFG1006

Key Features: Olympic Park Area- Nett $3,234 p.w. - 84 seats - Fully Licensed - 5 days

State: NSW

Suburb: Sydney Olympic Park, 2127

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 2024 - 3% increases p.a. - 6 month bank guarantee.
  • Employees: 1 owner + 1 - 2 casuals
  • Comments:

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

$95,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Functions

Business Code: SFG1006
Price: $95,000

Key Features: Olympic Park Area- Nett $3,234 p.w. - 84 seats - Fully Licensed - 5 days

State: NSW

Suburb: Sydney Olympic Park, 2127

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 2024 - 3% increases p.a. - 6 month bank guarantee.
  • Employees: 1 owner + 1 - 2 casuals
  • Sale Reason: Other business interests
  • 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.

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)

$7,800

Cost of Goods

$2,100

Gross Profit

$5,700

Rent (ex GST)

$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

$95,000

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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.