Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $568,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $568,000

Business Details

Bar - Restaurant - Function - Entertainment - Western Suburbs

\nBar - Restaurant - Function - Entertainment - Western Suburbs - Agent SBX Code Number: SFR1003A

Bar - restaurant - function centre. - Good spacious area for entertainment. - Most of the weekends, reservations are full for parties and engagements. - Currently operating for only three days during weekend. - The owner has approval to work for seven days. - Full liquor license - on premise license with unlimited duration.- Full kitchen preparing various international cuisines and a small cool room - Attractive display of bar and well arranged seating area. - Spacious air conditioned area with excellent sound system and smoking room facility - 230 seats

Potential
Could open for 7 days to increase business. - Good potential for cafe, breakfast and lunch trade. - Big potential to open during the day.- Target online marketing which will boost sales.

Features
Well known for family parties and functions - Regular customers - Well established

Premises
This business has an area of 300 sq. mts with a well presented bar, function and entertainment centre.

Location
Situated on a busy street with high traffic and surrounded by shops and residences, close to railway station and large shopping center.

Trading Hours
3 nights - Thurs. - Sat. - 9 p.m. - 3 a.m.

Lease
Current lease expires in July, 2017 + 3 + 3 year options. - C.P.I. increases. - 2 months bond.

Employees
1 owner + 8 casuals

Comments
Misc 1 - other general expenses. - A great opportunity to continue to build this well run established and profitable business. - High number of new and regular customers pay an entry fee to gain access which is a good income. -Security and cameras.- Owner has contract with a DJ who pays a fee to visit every month which is a regular income - Sales figures shown are for only 3 days a week. Also, well known for family parties and functions- A must to inspect. - Priced to sell

Figures
Weekly Sales $22500
Rent (ex GST) $885
Wages $3600
Profit $8905

Agent SBX Code Number: SFR1003A - SBX Business Brokers

  • Last Updated August 2018
  • Business Category Food/Hospitality
  • Business Sub Category Restaurant
  • Expenses $5995
  • Business Selling Price $568000
  • Trading Hours 3 nights - Thurs. - Sat. - 9 p.m. - 3 a.m.
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
1 Photo

Enquire

SBX Business Brokers
SBX Business Brokers

Enquire about this business:

I would like to: