Visit this listing at https://www.sbx.com.au/business?id=T2814

Business Code: T2814

Key Features: Restaurant - $23,000 pw - Cafe - Balmain - City Fringe - Nsw - Middle Eastern - Profit $6,000 pw

State: NSW

Suburb: Balmain, 2014

Location: Situated In iconic food strip in one of Sydneys best addresses.

Description

Restaurant - Cafe serving Middle Eastern, North African and Moroccan Cuisine. - Totally refurbished and outstanding presentation,with beautiful interiors with coloured walls and a Moroccan theme. - Large full commercial kitchen totally open to the restaurant -Great equipment with cool room and separate office and dry store room . - Serves breakfast and brunch on weekends as well as dinners. - Also offering buffet style breakfast and lunch.

Summary

  • Features: One of Sydneys longest and best known Middle Eastern Restaurants - Top location. - Great rental - New long lease available.
  • Potential: Currently only open 5 days - could expand trading to 7 days. - Could do more functions and weddings and corporate gatherings. - Currently run under management. - Owner operator would improve business .
  • Premises: This business has an area of approx. 270 sq.mts. with rear side access for deliveries.
  • Trading Hours: 5 days - Breakfast, lunch and dinner - Wed. -Sun. - Closed Mon. - Tues.
  • Lease: Current lease expires Nov. 2018 - 3 month bond - 5% annual increases. - New 5 + 5 year lease available.
  • Employees: 1 Manager + 2 chefs + 8 staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$23,000

Cost of Goods

$5,290

Gross Profit

$17,710

Rent

$2,423

Wages

$6,900

Misc1

$2,387

Total Expenses

$11,710

Estimated Stock (Additional)

$10,000

Equipment (Included)

$180,000

Net Profit

$6,000

Price

$298,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Cafe

Business Code: T2814
Price: $298,000

Key Features: Restaurant - $23,000 pw - Cafe - Balmain - City Fringe - Nsw - Middle Eastern - Profit $6,000 pw

State: NSW

Suburb: Balmain, 2014

Location: Situated In iconic food strip in one of Sydneys best addresses.

Description

Restaurant - Cafe serving Middle Eastern, North African and Moroccan Cuisine. - Totally refurbished and outstanding presentation,with beautiful interiors with coloured walls and a Moroccan theme. - Large full commercial kitchen totally open to the restaurant -Great equipment with cool room and separate office and dry store room . - Serves breakfast and brunch on weekends as well as dinners. - Also offering buffet style breakfast and lunch.

Summary

  • Features: One of Sydneys longest and best known Middle Eastern Restaurants - Top location. - Great rental - New long lease available.
  • Potential: Currently only open 5 days - could expand trading to 7 days. - Could do more functions and weddings and corporate gatherings. - Currently run under management. - Owner operator would improve business .
  • Premises: This business has an area of approx. 270 sq.mts. with rear side access for deliveries.
  • Trading Hours: 5 days - Breakfast, lunch and dinner - Wed. -Sun. - Closed Mon. - Tues.
  • Lease: Current lease expires Nov. 2018 - 3 month bond - 5% annual increases. - New 5 + 5 year lease available.
  • Employees: 1 Manager + 2 chefs + 8 staff
  • Sale Reason: Many other business interests.
  • Comments: Data base of 20,000 customers available. - Financials available.-
    Nearly 19 years of very successful operation. - Also just recently refurbished to a very high standard.
    Very well priced for sale current owner is very serious about selling. - Business name is not included in the sale of 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)

$23,000

Cost of Goods

$5,290

Gross Profit

$17,710

Rent (ex GST)

$2,423

Wages

$6,900

Misc1

$2,387

Total Expenses

$11,710

Estimated Stock (Additional)

$10,000

Equipment (Included)

$180,000

Net Profit

$6,000

Price

$298,000

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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.