Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $98,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $98,000

Business Details

Restaurant - Seafood - Australian Cuisine - Western Suburbs

\nRestaurant - Seafood - Australian Cuisine - Western Suburbs - Agent SBX Code Number: FR1006

Restaurant serving traditional Australian Cuisine, with entrees such as prawn & chicken salads, mains of Atlantic salmon, seafood platters with Vietnamese options such as spring rolls and pork patties all complemented with dessert cakes catered in on request. - Large indoor and outdoor function area with large kitchen. - 70 seats outside - 120 seats inside. - Fully Licensed. - Great looking area.

Potential
Large outdoor area with pizza oven not utilized by current owner. - Could redecorate to add new ambiance.

Features
Established 25 years. - Great potential.

Premises
This business has a large area of 400 sq. mts.

Location
Situated on first floor level with main street location,

Trading Hours
7 days - 11.30 a.m. - 3 p.m. - 6 nights - 5.30 p.m. to late

Lease
Current lease expires July, 2018. - Can negotiate new lease.-2 months bond - 4% increases per year

Employees
2 owners + 10 casuals on busy days.

Comments
Urgent Sale. - Great potential for somebody with fresh new ideas to take over the business and add a new cuisine to the menu.

Figures
Weekly Sales $8000
Rent (ex GST) $1169
Wages $680
Profit $3404

Agent SBX Code Number: FR1006 - SBX Business Brokers

  • Last Updated April 2015
  • 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
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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