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Well-Established and Popular Restaurant - Sydneys Eastern suburbs

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

Sydney, NSW 33 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

  • Well-Established and Popular Restaurant - Sydneys Eastern suburbs
  • Seating for approx. 34 customers
  • Well-equipped, nothing to spend
  • Profitable and excellent customer ratings and reviews

Executive Summary

Acquire a famous and reputable restaurant, ideally located in close vicinity of the Prince of Wales Hospital, UNSW, retailers and businesses, with excellent customer ratings & Google reviews. 


Location Details

The business is located in the heart of Randwick on a busy street with excellent foot traffic. On the major bus route near cafes & coffee shops. It occupies an approximate 80 sqm site with both indoor and outdoor seating. 


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 hospitality expertise who is looking for an excellently reputable company that they can get involved in as an owner-operator and bring it to the next stage. 


Hours

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 successfully operating for several years and is well recognised within the area with consistent excellent client feedback and repeat custom.

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:

- Excellent customer ratings and reviews

- Takeaway or home delivery 

- 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



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: paul.smith@mentored.business


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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