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Restaurant For Sale- Returning $13k Pw

Business for Sale
Sydney NSW

The restaurant on offer is fully licensed, has a fully equipped kitchen & seats up to 120 patrons. There is a bar area, plenty of off street parking, trades 6 days a week & is priced to sell quickly

Price 199000+SAV

Restaurant for sale- Returning $13k PW

Stock Included:
Stock Value:
Years Est:
Gross Revenue:

Summary

PRICE REDUCED FROM $250k to $199k FOR A QUICK SALE: * fully licensed * fully equipped kitchen * seats over 200 patrons * bar area * plenty of off street parking * priced to sell quickly * low rent


Location Details

The restaurant is located in Maroubra on a main road. This is an affluent area of Sydney and is well known for its great restaurants and thriving cafe culture. Located near the restaurant is a major shopping centre, which draws people to the area.


Potential

The restaurant has a very loyal customer base, excellent consistent sales and is set for excellent future growth and increasing profitability.

This business is located in a prime location and has a large seating capacity, excellent menu and great customer reviews.

Over $100k spent on fitout and restaurant improvements


Employees

2x full time staff

5 casual staff


Reason for Sale

This is a reluctant sale by the current owner who is listing the business for personal

reasons.


About the Opportunity

* Located on a very busy road with great street exposure

* Low rent

* Seats over 200 patrons

* Plenty of parking

* Can be changed to whatever theme you like (i.e. Chinese, Thai, Indian etc)

* Fully licensed with a bar

* Fully equipped kitchen

* We can assist you find finance

 

The current owners have been operating the restaurant since 2013. The restaurant currently specialises in Lebanese cuisine and has an excellent reputation in the Eastern Suburbs, with patrons travelling from all over Sydney to visit the restaurant.

 

The restaurant boosts a loyal customer base, with sales growing year on year. Sales for the last financial year were just under $700,000. When you consider the profit the business generated, the asking price makes this an exceptional business opportunity.

 

This is a rare opportunity to purchase an established, successful and profitable restaurant. A high quality fitout was completed in 2014, and all the assets required to operate the restaurant are included in the price, therefore the purchaser can just take over and start trading.

 

To find out more about this exceptional business opportunity please contact Brent McDonald, or click on the enquire button (located on the right hand side of your screen).

 

Brent McDonald| Ray White Business Sales Sydney | M 0413 158638

T 1800 858 696 E brent.mcdonald@raywhite.com

Level 17, 135 King Street, Sydney NSW 2000

 

Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Ray White Business Sales has been engaged to find the right business owner to take on this exciting opportunity. To find out more or to register your expression of interest, please call or email:

 

Brent McDonald | Ray White Business Sales Sydney | M 0413 158638

T 1800 858 696 E brent.mcdonald@raywhite.com 

Level 17, 135 King Street, Sydney NSW 2000

 

Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Contact Seller

Visit Website

Contact: Brent McDonald
Mobile: (043) 319-6339
Bsale ID: 113816




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