Visit this listing at https://www.sbx.com.au/business?id=SFG1039

Business Code: SFG1039

Key Features: Restaurant - Bar - Cafe - North West Sydney - Sales $13,000 p.w.

State: NSW

Location: Well located in heart of historic dining and walking precinct in North West Sydney.

Description

Restaurant - Bar - Cafe serving Italian cuisine with a seafood emphasis as well as gourmet pastas and risottos, with veal, steak and chicken classics.- The business comprises 4 separate dining areas seating 90. - High panelled ceilings, detailed archways and superb historic colonial flooring. - The spacious full kitchen underwent a high end full renovation and compromises two commercial grade cooktops, under bench fridges, skillet, ovens, huge exhaust system and superb large cool and freezer rooms. - Different eating areas are easily adapted for private functions. - Fully licensed or BYO. - Great front bar area and Kounta POS software.

Summary

  • Features: Great reputation. - Excellent reviews. - Very well known. - Best restaurant / bar in area. - Unique historic venue. - Good systems in place. - Brilliant kitchen. -Established website. - Established 15 years.
  • Potential: Excellent opportunity to market established unique restaurant - bar - cafe. - Open for lunch / brunch. - Develop daytime cafe business. - Promote via Facebook and instagram and other media.
  • Premises: Superb presentation in an 1840s heritage listed colonial cottage comprising 160 sq. mts.
  • Trading Hours: 6 days - Tues. - Sat. - 5.30 p.m. till late. - Sun.- 12 noon - 3 p.m. - 5.30 p.m. till late
  • Lease: Current lease expires February 2020 + 5 year option - 3% annual increases - 3 month security deposit.
  • Employees: 1 part-time owner + 2 full-time kitchen staff + 2 part-time kitchen staff and 5 casuals front of house / waiting staff.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$13,000

Cost of Goods

$3,250

Gross Profit

$9,750

Rent

$995

Wages

$3,700

Telephone

$75

Insurance

$75

Electricity

$180

Gas

$160

Misc1

$250

Misc2

$300

Total Expenses

$5,735

Estimated Stock (Additional)

$14,000

Net Profit

$4,015

Price

$245,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Cafe

Business Code: SFG1039
Price: $245,000

Key Features: Restaurant - Bar - Cafe - North West Sydney - Sales $13,000 p.w.

State: NSW

Location: Well located in heart of historic dining and walking precinct in North West Sydney.

Description

Restaurant - Bar - Cafe serving Italian cuisine with a seafood emphasis as well as gourmet pastas and risottos, with veal, steak and chicken classics.- The business comprises 4 separate dining areas seating 90. - High panelled ceilings, detailed archways and superb historic colonial flooring. - The spacious full kitchen underwent a high end full renovation and compromises two commercial grade cooktops, under bench fridges, skillet, ovens, huge exhaust system and superb large cool and freezer rooms. - Different eating areas are easily adapted for private functions. - Fully licensed or BYO. - Great front bar area and Kounta POS software.

Summary

  • Features: Great reputation. - Excellent reviews. - Very well known. - Best restaurant / bar in area. - Unique historic venue. - Good systems in place. - Brilliant kitchen. -Established website. - Established 15 years.
  • Potential: Excellent opportunity to market established unique restaurant - bar - cafe. - Open for lunch / brunch. - Develop daytime cafe business. - Promote via Facebook and instagram and other media.
  • Premises: Superb presentation in an 1840s heritage listed colonial cottage comprising 160 sq. mts.
  • Trading Hours: 6 days - Tues. - Sat. - 5.30 p.m. till late. - Sun.- 12 noon - 3 p.m. - 5.30 p.m. till late
  • Lease: Current lease expires February 2020 + 5 year option - 3% annual increases - 3 month security deposit.
  • Employees: 1 part-time owner + 2 full-time kitchen staff + 2 part-time kitchen staff and 5 casuals front of house / waiting staff.
  • Sale Reason: Looking for new business interests.
  • Comments: Misc.- 1 - GST. - Misc.- 2 - general expenditure items as per statements. - This is a rare opportunity to purchase a very well established and well regarded restaurant bar cafe in a beautiful setting. - Increasing population enhances the attractiveness of the offering. -
    Financial statements are available and present healthy profitability. - The established staff would be prepared to stay on and the current owner is currently split between two businesses and only spends limited time at the business.

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)

$13,000

Cost of Goods

$3,250

Gross Profit

$9,750

Rent (ex GST)

$995

Wages

$3,700

Telephone

$75

Insurance

$75

Electricity

$180

Gas

$160

Misc1

$250

Misc2

$300

Total Expenses

$5,735

Estimated Stock (Additional)

$14,000

Net Profit

$4,015

Price

$245,000

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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.