For Sale $145,000
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 $145,000

Business Details

Restaurant - Functions - Cafe - North West Sydney

\nRestaurant - Functions - Cafe - North West Sydney - Agent SBX Code Number: SF1231

Restaurant -cafe -functions serving Spanish tapas, chicken, seafood, salads, cheese plates, desserts, coffee and cold drinks - . The restaurant is fully licensed with a primary service authorisation and serves beer, wine, cocktails and sangrias - Full kitchen - 60 seats inside and 70 seats outside.

Potential
Could open for breakfast on Saturday and Sunday - Promote as a venue for functions and/or weddings - Open more days - Do some marketing and advertising - Would suit any cuisine with few changes.

Features
Magnificent corner building with a good sized bar - Large outdoor dining area - Well established - Award winning - Good clientele- - Set Menus for functions - Long lease

Premises
Heritage listed 2 story restaurant with indoor, garden and alfresco settings and an upstairs loft apartment with area of 900 sq.mts.

Location
Situated on busy main street close to supermarket, shopping centre, theatre, university and train station in West Sydney

Trading Hours
4.5 days - Wed. - Fri. - 12 p.m. - 2.30 p.m. and 6 p.m. - 9 p.m. -Sat.- 12 p.m. till late - Sun.- 12 p.m. till 4 p.m.

Lease
Current lease expires Dec. 2019 + 5 year option - C.P.I. increases - 2 month bond

Employees
2 owners + 1 full timer + 2 casuals

Comments
Misc 1 - Other general expenses and GST. - All equipment belongs to the landlord and is fully maintained and replaced if broken. The owners live upstairs in a large loft style apartment - no separate entrance (this is approved as a separate function area if required). Total rent including the apartment is $910. p.w. - Award winning restaurant with very good website and TV video, as well as Facebook and social media presence. The two owner operators wages have been removed and shown in net profit. - Great lifestyle business suitable for a couple. - The freehold may also be available.

Figures
Weekly Sales $8100
Rent (ex GST) $910
Wages $1400
Profit $2619

Agent SBX Code Number: SF1231 - 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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Enquire

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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