For Sale $90,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $90,000

Business Details

Restaurant - Indian Cuisine - Newcastle Area

Restaurant - Indian Cuisine - Newcastle Area - Agent SBX Code Number: SCK1008 Restaurant serving Indian cuisine. -70 seats - Being a tourist destination the restaurant is very busy during Summer and School Holidays. Potential Could open for lunch on Sat. & Sun. -Cater to tourist buses Features Profitable - Good location. - Well established - Award winner (16 awards) - Local icon. Premises A very unique set up where the seating is in a open but covered courtyard. - An ideal setting for all seasons. Location Situated in the heart of shopping precinct, about 200 mts. from marina in Newcastle area. Trading Hours 5 days - Lunch- Mon. - Fri. - 1130 a.m. - 230 p.m. 7 nights - Mon. - Sun. - 530 p.m.- 1000. p.m. Lease Current 1 year Lease expires June 2014 - 3 month bond - 5% C.P.I. increases - Landlord ready to renegotiate a new lease. Employees 2 owners full-time + 4 casuals (including kitchen Hand and waiters) Comments Rent of $680 includes Council rates - Outgoings of $100 includes $30 strata fees & $70 water. - Miscell.-1.- $70 is for advertising (12 months contract) in local magazine. - Owners need to be in Sydney for start of schools new term and is willing to train if needed. Figures Weekly Sales $7500 Rent (ex GST) $680 Wages $2000 Profit $2795
Agent SBX Code Number: SCK1008 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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