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Restaurant - Cafe - Function - Bar - Very popular

Business for Sale
Restaurant - Cafe - Function - Bar - Very popular
NSW

Restaurant - Cafe - Function - Bar - Eastern Suburbs - Agent SBX Code Number: SF1279 Restaurant - Cafe - Steakhouse - BBQ/Steakhouse serving ribs, burgers, steaks, salads as well as coffee, tea...

Price $185,000.00

Restaurant - Cafe - Function - Bar - Very popular

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Cafe - Function - Bar - Eastern Suburbs - Agent SBX Code Number: SF1279



Restaurant - Cafe - Steakhouse - BBQ/Steakhouse serving ribs, burgers, steaks, salads as well as coffee, tea and desserts. - Full kitchen with top quality equipment, BBQ rotisserie/ grill and a separate cool room and store room. - Fully Licensed with an outstanding bar area with quality fittings - an on premise liquor license specialising in cocktails, tap beers and a great wine list. - This restaurant was designed by a hospitality professional - 12 seats outside - 80 seats inside. Good figures available after a meeting



Potential

Could open for breakfast and lunch - Trade 7 days - Do some advertising and marketing - Increase coffee sales - Expand on functions and catering - Continue to grow the business. - Suit many cuisines



Features

Top position - Very long lease and reasonable rent for the size and the location - High foot traffic - Nothing to spend- All systems and procedures in place - DA till midnight - Exclusive harbourside suburb.



Premises

Beautifully set up with large booths, and a good sized bar, kitchen, store room and drive in loading dock and an area of 150 sq. mts.



Location

Perfectly located in an upmarket, well known and iconic shopping strip surrounded by retail, cafes, schools, hotel and residential in the Eastern suburbs.



Trading Hours

6 days - Tues. - Fri. - 5.30 p.m. till 11.30 p.m. - Sat. - Sun. - 11 a.m. - 3 p.m. and 5.30 p.m. - 11.30 p.m.



Lease

Current lease expires Nov .2017 + 5 + 5 + 5 year option - C.P.I. increases - 3 month bond



Employees

1 owner + 3 fulltimers + 3 - 5 casuals as required



Comments

Misc. 1 - Outdoor seating- Misc. 2 - Other General expenses. - Opening for brunch on Sat. and Sun. since May 2016 and sales are steadily increasing.- New BBQ rotisserie installed worth over $23,000, - 2 mobile BBQ included.- Some equipment is owned by the landlord. -Full operations manuel and good records provided after a meeting.- New fit out and equipment worth over $240K. - This area is fast becoming a popular destinations for drinks, dining and night life. - A new operator would be able to increase sales and profit. - A must to inspect but please be discreet!



Agent SBX Code Number: SF1279 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 110380
SBX ID: SF1279




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