Restaurant - Greek Cuisine

Business Code: TTQT1002


Key Features: Great business

State: QLD

Suburb: Kingscliff, 2487

Location: Situated in prime location on beach front with ocean views.

Description

Restaurant serving Greek & Mediterranean cuisine with a stylish relaxed ambiance.- Fully licensed, extensive wine list, separate cocktail bar and licensed out door dining area. - Full commercial kitchen, 2 cold rooms, rear dry-store and storage area. - 70 seats inside - 30 seats outside.

Summary

  • Features: Very low rent - Beach side ocean views- Amazing street appeal - Region undergoing tourism and hospitality boom

  • Potential: Owner operator or partnership could absorb 1 - 2 salaries - Increase trading days, currently only 4 nights 2 lunches - Un-tapped weddings, corporate events & functions market

  • Premises: Freestanding building with an area of approx 350m2 -

  • Trading Hours: 5 nights - Thurs. - Sun. - 5.30 p.m. - 9.30 p.m. - Lunch - Sat. & Sun. - 12 p.m. - 2.30 p.m.

  • Lease: New 6 year lease commences November, 2018 - ($50k p.a.) 3 month bond -C.P.I. annual increases.

  • Employees: 1 fulltime Manager + 1 fulltime head chef + 2 fulltimers and 4 casuals.

  • Comments: This is an amazing opportunity to take on a smoothly operating restaurant showing real profit with potential for further growth. -

Weekly Summary

Weekly Takings
(inc GST)

$30,000

Cost of Goods

$9,000

Gross Profit

$21,000

Rent

$820

Wages

$12,000

Outgoings

$100

Telephone

$50

Insurance

$50

Electricity

$150

Gas

$80

Misc1

$100

Total Expenses

$13,350

Estimated Stock (Additional)

$30,000

Equipment (Included)

$20,000

Net Profit

$7,650

Price

$349,000

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