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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 250000+SAV

Restaurant for sale- Returning $13k PW

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

Revenue:
$13,000 pw

Rent:
$1,870 pw

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 just started to hit its stride with a good loyal customer base and consistent sales and looks set for excellent future growth and increasing profitability.

This is a reluctant sale by the current owner who is listing the business for personal reasons.
This business is located in a prime location and has a large seating capacity, excellent menu and good customer reviews. 
Being a newly fitted out restaurant, this business is raring to go and ready to trade!


Employees
Casual x5
Full time x 1
owner x1

Reason for Sale
The current owner has successfully built this business up but unfortunately has had to step back due to personal circumstances.

About the Business
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 from Ray White Business Sales on 0413 158628, 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.

Contact Seller

Visit Website

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




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