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Affluent Eastern Suburbs thriving restaurant

Cafes And Restaurants , Food, Hospitality And Accommodation, Sales below $1m, Cafes And Restaurants

Sydney, NSW 18 Views

Asking Price $410,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • $1,281,202 Gross Sales per annum
  • $253,616 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Reference ID: 20523395

Highlights

  • Affluent Eastern Suburbs thriving restaurant
  • Seating for approx. 34 customers
  • Well-equipped, nothing to spend
  • Profitable and excellent customer ratings and reviews

Executive Summary

This is an ample sized and well established casual takeaway restaurant in a prime location, situated next to shopping centres and hospitals, as well as retailers and commercial businesses.


Location Details

The business occupies an approximately 80 sqm site and is located on a street with excellent foot traffic and on a bus route near cafes.


Potential

The current owner works as a rostered chef, but it is also possible for a new owner to either take this or a different role, or even put a Manager in place as there is a reliable team of staff working across the week.


Skills

The business would suit a purchaser with experience in hospitality who is looking for a business with an excellent reputation that they can get involved in as an owner-operator and take it to the next stage.


Hours

Open 7 days a week 

11:30am - 9:00pm


Lease

Expiry in May 2021 

1 x 3-year option


Employees

1x FT Owner/Manager/Rostered Chef 

2x FT Chef

2x FT Waiter/Waitress

1x PT Manager

2x PT Chef

2x PT Kitchen Hand

4x PT Waiter/Waitress


History

The business has been in operation for several years, so the business is well-known and recognised in the area and receives good customer ratings and reviews.

About the Business

The eatery is bright and airy and has a prominent customer service counter displaying hot and cold food and behind which, the customer can watch their dish being wok-cooked in front of them.

This is a popular eatery with a menu that has broad appeal in a key site that ensures plenty of potential customers 7 days a week.


Key facts about this business:

- Well-established restaurant

- Located in a busy commercial centre east of Sydney

- Good quality fit out

- Seating for approx. 34 customers

- Popular menu, very busy at lunchtime

- Good team of staff

- 1 x 3 -year lease option

- Well-equipped, nothing to spend

- Strong revenue across 7 days a week

- Profitable and excellent customer ratings and reviews



For more information on this opportunity, please contact the undersigned:


Paul Smith

Business Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions 

M: 0420 550 433 T: 1800 858 696 E: psmith@mentored.com.au


Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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