Visit this listing at https://www.sbx.com.au/business?id=SFG1066

Business Code: SFG1066

Key Features: Restaurant - Entertainment precinct - High returns - Low rental

State: NSW

Location: Highly visible large restaurant in family entertainment area with high traffic flow on weekends and holidays in outer Western Sydney

Description

Spacious high capacity restaurant with modern ambience perfect for large high spending family groups who enjoy ever popular Italian cuisine based around pizza and pasta. -Seating 120, this restaurant features a separate stone pizza oven and state of the art large kitchen with full cooling and refrigeration.- Even better the facility is only 2 years old only having opened in October 2019 after a $400,000 shop fit. - The business operates on an approximate 28% cost of goods to turnover ratio indicating a high gross profit for the owners. - The indicative gross turnover of $20,000 is representative of how the business is currently trading as it only recently reopened after the lockdown on 21/10/2021. - This business is still in growth phase and services a growing population desirous of outside family entertainment and relaxed dining experiences.- As the only Italian pizza style restaurant in this leisure precinct featuring bowling alley and adventure themed attractions this is a highly recommended opportunity.

Summary

  • Features: Large modern facility. Competitive rent per square metre. Limited direct competition. Popular high margin cuisine. High seating capacity with simple floor plan. High weekend foot traffic location.
  • Potential: Expand use of social media marketing. -Liaise and sponsor local amateur sporting associations.- Birthday voucher promotions and loyalty scheme.
  • Premises: Large near new restaurant with high cost shopfit with fully equipped kitchen seating in excess of 100 patrons comprising 220 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11 a.m. - 9 p.m.
  • Lease: 3 year lease commenced August, 2019 + 3 + 3 year options expiring 2028 - 3 month bond - CPI increases p.a. - New owner may be able to negotiate short initial rent free period.
  • Employees: 1 owner + 2 fulltime chefs + 1 part-time kitchen hand + 1 full-time front of house plus casual wait staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$20,000

Cost of Goods

$5,600

Gross Profit

$14,400

Rent

$1,695

Wages

$6,000

Telephone

$40

Insurance

$65

Electricity

$195

Gas

$230

Misc1

$500

Misc2

$500

Total Expenses

$9,225

Estimated Stock (Additional)

$8,000

Net Profit

$5,175

Price

$190,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Cafe - Italian Cuisine

Business Code: SFG1066
Price: $190,000
+ Estimated SAV $8,000

Key Features: Restaurant - Entertainment precinct - High returns - Low rental

State: NSW

Location: Highly visible large restaurant in family entertainment area with high traffic flow on weekends and holidays in outer Western Sydney

Description

Spacious high capacity restaurant with modern ambience perfect for large high spending family groups who enjoy ever popular Italian cuisine based around pizza and pasta. -Seating 120, this restaurant features a separate stone pizza oven and state of the art large kitchen with full cooling and refrigeration.- Even better the facility is only 2 years old only having opened in October 2019 after a $400,000 shop fit. - The business operates on an approximate 28% cost of goods to turnover ratio indicating a high gross profit for the owners. - The indicative gross turnover of $20,000 is representative of how the business is currently trading as it only recently reopened after the lockdown on 21/10/2021. - This business is still in growth phase and services a growing population desirous of outside family entertainment and relaxed dining experiences.- As the only Italian pizza style restaurant in this leisure precinct featuring bowling alley and adventure themed attractions this is a highly recommended opportunity.

Summary

  • Features: Large modern facility. Competitive rent per square metre. Limited direct competition. Popular high margin cuisine. High seating capacity with simple floor plan. High weekend foot traffic location.
  • Potential: Expand use of social media marketing. -Liaise and sponsor local amateur sporting associations.- Birthday voucher promotions and loyalty scheme.
  • Premises: Large near new restaurant with high cost shopfit with fully equipped kitchen seating in excess of 100 patrons comprising 220 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11 a.m. - 9 p.m.
  • Lease: 3 year lease commenced August, 2019 + 3 + 3 year options expiring 2028 - 3 month bond - CPI increases p.a. - New owner may be able to negotiate short initial rent free period.
  • Employees: 1 owner + 2 fulltime chefs + 1 part-time kitchen hand + 1 full-time front of house plus casual wait staff
  • Sale Reason: Other business interests.
  • Comments: Unique opportunity to acquire a large excellently located restaurant cafe in a dedicated family entertainment business park.-
    The locality is a population growth area which will lead to increasing local demand for a restaurant of this style. The business operates more as a cafe during the weekday daytime trade and as a high demand restaurant on the weekends. -
    Misc.- 1 refers to approximate GST expenses and Misc.- 2 to general sundry expenses. The proposed sale is highly confidential and absolute discretion must be strictly complied with.

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

$5,600

Gross Profit

$14,400

Rent (ex GST)

$1,695

Wages

$6,000

Telephone

$40

Insurance

$65

Electricity

$195

Gas

$230

Misc1

$500

Misc2

$500

Total Expenses

$9,225

Estimated Stock (Additional)

$8,000

Net Profit

$5,175

Price

$190,000
+ Estimated SAV $8,000

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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.