Visit this listing at https://www.sbx.com.au/business?id=TQM1089

Business Code: TQM1089

Key Features: Restaurant - Bar - Bakery - Popular Northern NSW coastal town - Sales $50,000/w

State: NSW

Location: Excellent location in centre of busy coastal town in Northern NSW

Description

Restaurant - licensed bar - retail bakery - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.

Summary

  • Features: Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business
  • Potential: Increase online marketing to attract a larger trade through the region,
  • Premises: Bar & restaurant corner site with bakery attached next door and a total area of 300 sq. mts.
  • Trading Hours: 7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m. - Dinner - 5 p.m. - 9 p.m.
  • Lease: 5 + 5 + 5 year lease commenced Aug. 2018 - C.P.I. 2.2% increases - no bond.
  • Employees: Owner + 7 full timers + 19 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$50,000

Cost of Goods

$21,000

Gross Profit

$29,000

Rent

$2,500

Wages

$15,000

Telephone

$200

Insurance

$500

Electricity

$800

Coffee Kilos P/W

25

Total Expenses

$19,000

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$10,000

Price

$1,600,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bakery - Bar

Business Code: TQM1089
Price: $1,600,000

Key Features: Restaurant - Bar - Bakery - Popular Northern NSW coastal town - Sales $50,000/w

State: NSW

Location: Excellent location in centre of busy coastal town in Northern NSW

Description

Restaurant - licensed bar - retail bakery - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.

Summary

  • Features: Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business
  • Potential: Increase online marketing to attract a larger trade through the region,
  • Premises: Bar & restaurant corner site with bakery attached next door and a total area of 300 sq. mts.
  • Trading Hours: 7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m. - Dinner - 5 p.m. - 9 p.m.
  • Lease: 5 + 5 + 5 year lease commenced Aug. 2018 - C.P.I. 2.2% increases - no bond.
  • Employees: Owner + 7 full timers + 19 casuals.
  • Sale Reason: Needs a break
  • Comments: Vendor badly in need of a break is prepared to assist new owners with a smooth transition - This listing is a rare opportunity and is perfectly situated close to beaches, schools and major shopping centres - Inspect now.

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)

$50,000

Cost of Goods

$21,000

Gross Profit

$29,000

Rent (ex GST)

$2,500

Wages

$15,000

Telephone

$200

Insurance

$500

Electricity

$800

Coffee Kilos P/W

25

Total Expenses

$19,000

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$10,000

Price

$1,600,000

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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.