For Sale $249,000
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 $249,000

Business Details

Cafe - Restaurant - Function Centre - Inner West

\nCafe - Restaurant - Function Centre - Inner West - Agent SBX Code Number: GJ1360

Function centre / restaurant licensed for 300 seats currently serving Italian influenced menu. - Business is in growth mode and actively utilises SMS and email marketing for promotions which is extremely successful. - Also features a gas conveyor belt pizza oven capable of producing 100 pizzas / hour. - Restaurant and function centre offer relaxed dining, and are highly regarded for the quality of the food and service. - Functions are booked out 3 months in advance. - This business is ideal for conversion to a full function centre. - New pizza oven and POS system. - Two kitchens (one on each level) plus food lift - 2 bars

Potential
Business is growing 10-15% per annum. - Pizza business is also growing and would benefit from home deliveries. - Further growth possible for the function centre, plus, promotion of weekday business lunches and corporate functions.

Features
Long standing clientele. - Very reasonable rent. - Discrete function areas for multiple functions concurrently. - Great web presence. - Functions include small weddings, christenings, parties, cocktails.

Premises
This business has an area of 300 sq. mts. including restaurant on ground, function centre on 1st floor, office / flat on top floor.

Location
Top Inner West site in major foodie suburb. Highly visual near major intersection

Trading Hours
7 days - Mon. - Fri. - 5.30 p.m. - 11 p.m. - Sat. - 11.30 a.m. - 3 p.m. - 5.30 p.m. - 12 a.m. - Sun. - 5.30 p.m. - 10 p.m.

Lease
New 5.5year lease signed in September 2014.

Employees
1 full time owner operator + 2 full time chefs + assortment of casuals

Comments
Lot of money spent last year on introducing technology for marketing. - 2013 - 2014 turnover $860K, - 2014-2015 turnover $950K - this year on track to exceed last year (expect to go over $1M.) - All figures above include g.s.t.- Landlord owns some kitchen appliances and the tables. - Flat upstairs is ideal for conversion to wedding change rooms and photographs. - When vendor traded for breakfast on Saturday and Sunday was turning over up to $3,000 extra per weekend.

Figures
Weekly Sales $18269
Rent (ex GST) $2644
Wages $5937
Profit $2788

Agent SBX Code Number: GJ1360 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Cafe/Coffee Shop
  • 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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