Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $395,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $395,000

Business Details

Restaurant - Bar - City Fringe



Restaurant - Bar - City Fringe - Agent SBX Code Number: G1512

Bar- restaurant and relaxed day and night venue offering cafe style brunch & modern European cuisine of share boards and a laid-back bar & lounge atmosphere. - Licensed for 120 this is a great venue for corporate functions & popular with both the trendy locals as well as working couples. - Seating for 50 inside and 50 in undercover outdoor terrace.

Potential
An active owner operator could reduce wages & increase profits. - Business only 1 year old & still growing. - Could easily grow the corporate function market as located in the middle of trendy commercial City Fringe.

Features
Great location. - Reasonable rent. - Excellent fit-out. - Recently renovated. - Nothing to spend. - Excellent website. - Great alfresco dining - Quality equipment and fixtures.

Premises
This business has an indoor & undercover area of approx 100 sq mts.

Location
Well located in a City Fringe square that has become a trendy food & drink destination.

Trading Hours
5 days - Wed. & Thurs. open for lunch & dinner. -Fri. to Sun. open all day till late.

Lease
2 yr. lease + 2 yr + 2 yr options commenced July 2014.

Employees
1 owner + 4 full timers and casuals as required.

Figures
Weekly Sales $15000
Rent (ex GST) $2000
Wages $5300
Profit $2115

Agent SBX Code Number: G1512 - SBX Business Brokers

  • Last Updated September 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
1 Photo

Enquire

SBX Business Brokers
SBX Business Brokers

Enquire about this business:

I would like to: