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Established Pacific Restaurant - Prime Location - Turnover $550k P/A

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

Liverpool, NSW 23 Views

Asking Price $130,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • $0 Stock at Cost
  • $0 Gross Sales per annum
  • $0 Assets Included in Sale
  • $0 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Highlights

  • Established Pacific Restaurant - Prime Location - Turnover $550k P/A
  • Prime corner location on a busy street in Liverpool centre
  • Successful in this location for 17 years and is well-know & liked
  • Good sized commercial kitchen, fully equipped

Executive Summary

A long-standing restaurant and takeaway venue in a prime corner location in Liverpool. Scope to adapt to serve any cuisine and open long hours to offer dine-in, takeaway and catering.


Location Details

This is a prime location in the heart of Liverpool, among other small businesses, corporate and government offices and a short walk from the large, thriving Liverpool Westfield.


Potential

There is excellent potential for the new owner to choose to apply for a liquor license which would not only add a profitable income stream but be a strong draw to city workers for after-work dinner and drinks.


Hours

Monday to Friday, 9am to 9pm Saturday and Sunday, 10am to 9pm


Lease

1 x 3-year option


Employees

2 x Full time owners 

2 x Full time

4 x Part time


Reason For Sale

The current owners are looking to retire and hence the business is being offered for an attractive price.

About the Business

Buyers will acquire a key Liverpool CBD location and fully fitted-out and equipped premises that they can then choose to change as required. The business has succeeded in this location for the past 17 years due to the excellent street visibility, high foot traffic and ability to capture all-day city trade.

While the business currently serves Fijian Indian and Continental dishes, it can be easily adapted to offer any cuisine that a buyer wishes to choose. The location provides excellent opportunities to open long hours and capture the city breakfast, lunch and dinner crowds. In addition, the proximity to corporate and government offices provides ample opportunities for boardroom catering and the large, spacious premises are well-suited to host functions and parties.

The premises comes fully furnished, with good sized, fully equipped, commercial kitchen, large dining room capable of seating 80-100 patrons across indoor and outdoor seating, plus separate male and female amenities.


Key facts about this restaurant:

- Approx. 180 sqm premises in prime corner location on a busy street in Liverpool centre

- Excellent foot traffic and close proximity to offices and government departments 

- Seats 80-100 across inside and outside

- Has been successfully established in this location for 17 years and is well-known and liked in the area

- Flexible layout that works well with ample space for restaurant patrons, takeaway and functions/catering

- Good sized commercial kitchen, fully equipped 

- Large dining room

- Service/takeaway counter

- Male and female amenities

- Outdoor tables/chairs


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


Nick Poulos

Business Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions 

M: 0410 076 114 T: 1800 858 696 E: npoulos@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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