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Weekly Net $10,000 + Exquisite Dessert Based Restaurant...

Business for Sale
North Strathfield NSW

Business Headline : Weekly Net $10,000 + Exquisite Dessert Based Restaurant Inner-West Sydney Price : $660,000 Category : Food/Hospitali

Price $660,000

Weekly Net $10,000 + Exquisite Dessert Based Restaurant Inner-West Sydney

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

Business Headline : Weekly Net $10,000 + Exquisite Dessert Based Restaurant Inner-West Sydney

Price : $660,000

Category : Food/Hospitality, Restaurant, Cafe/Coffee Shop

 This early 20th Century French character styled restaurant purely caters to those who have an appetite to indulge in the finest of all things sweet, savoury and chocolaty. Not only does the menu cater for a easy bar desserts of Macarons, Tarts and Cakes accompanied with fine wine, spirits and great coffee, it also offers spectacular made to order kitchen desserts to enjoy in the ambiance of the French decor. These offerings are made exclusively by a fulltime Patissiere. 

Key points: 

P&L\'s - FY 2013/14, 2014/15 & 2015/16

Detailed sales reports - FY 2013/14, 2014/15 & 2015/16

Equipment list - Price at purchase, accumulated depreciation & WDV

 New Lease of 5 years + 3 + 3 year options 

Approx. Average Turnover - $15,700/week

Approx. Average Gross Profit - $13,700/week

Approx. Average Net profit - $10,144/week

Add back total - $57,722 + $55,000 (managers salary) = $112,700

EBITDA of: $527,494 (for owner operator)

Extensive unencumbered equipment list, and custom made fixtures and fittings

Managers Salary of $55,000 added to EBITDA

Potential to run under management through promotion of current staff

All staff except for existing manager will stay with the business 

Large potential to build wholesale brand 

Possible flagship location for future expansion through licencing agreements or franchising

Due to the niche and how well the restaurant caters to the delights of their patrons by delivering what you would expect from a purely dessert based offering, has resulted in the highest of customer satisfaction. This has caused this restaurant to be the must go location for special occasions, milestones & location for pure indulgent for locals and those out of town.

The business has experienced solid growth since being established in 2011 in which a custom fit out was created to fit the unique ethos of this business. All equipment is unencumbered and comes with its own developed recipes worth over $60,000 of R&D and certifications. 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3769402#enquire-now

Annual Rent : $97,826 - Weekly Rent : $1,881

Annual Turnover : $820,037 - Weekly Turnover : $15,770

Annual Gross Profit : $714,637 - Weekly Gross Profit : $13,743

Annual Ebit : $527,494 - Weekly Ebit : $10,144

Premise : Leased

Lease Commencement : Aug 2017

Lease End : Aug 2022

Lease Option: 3 + 3 years

Total Floor Area : 100 Square Metres

Total No of Parking : 2

Franchise : No

Approximate Stock Value : $5,000

Year Established : 2011

Days Trading : 7

Staff : 2 Full Time - 4 Part Time

Staff Salaries : $132,364

Reason for Sale : Change of business interest

Location : Street location in thiving upmarket retail and luxury apartment hub

Business Potential : Franchise able, Increasing close proximity population, Wholesale, Events, Collaberations, Stronger Branding Presence

Parking Comments : 2 cars - Patron Parking on Street & behind building in secure parking

Contact Seller

Contact: Liam Hennessy
Mobile: 0431321022

Bsale ID: 138191
Agent ID: 3769402




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