Restaurant - Bar - Cafe -Modern Australian

Business Code: F3210


Key Features: Restaurant Bar Modern Australian Balmain 2041 NSW Huge courtyard at rear and alfresco dining at the front.Motivated vendor.

State: NSW

Suburb: Balmain, 2041

Location: Situated in busy dining precinct in popular suburb in City Fringe.

Description

Restaurant serving Modern Australian cuisine including seared atlantic salmon, braised lamb shoulder, grain fed rump steak and beef fillet medallions. - Also vegetarian and gluten free options are available. - Upstairs dining is available for special occasions. - Full kitchen - Family and child friendly - Social media reports a high standard of both food and customer service. - 50 seats outside - 40 seats inside - Licenced.

Summary

  • Features: Consistently impressive reputation. - Well established - Regular clients

  • Potential: Could open for weekend breakfast and lunch service which was recently discontinued for personal reasons. -Spend money on marketing.

  • Premises: Beautiful rustic charm with its own unique courtyard and lots of alfresco dining with an area of 150 sq. mts.

  • Trading Hours: 7 days - Mon. to Sun. - 5.30 p.m. to 9 p.m.

  • Lease: Current lease expires in May 2020 with potential for a further extension - 3 month bond - C.P.I. annual rental increases .

  • Employees: 1 working owner / Manager + 1 fulltimer plus 12 casuals.

  • Comments: One fulltime working owner can make more profit by reducing the staff wages as the current owner only works three to four days per week.Same owner 13years says sell it.

Weekly Summary

Weekly Takings
(inc GST)

$15,000

Cost of Goods

$4,000

Gross Profit

$11,000

Rent

$1,810

Wages

$5,500

Telephone

$50

Insurance

$95

Electricity

$400

Gas

$200

Misc1

$400

Total Expenses

$8,455

Estimated Stock (Additional)

$5,000

Net Profit

$2,545

Price

$79,850

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