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Greek Restaurant and Takeaway - Inner West Sydney. Trades 5 days.

Business for Sale
Petersham NSW

Business Headline : Greek Restaurant and Takeaway - Inner West Sydney. Trades 5 days. Licensed. Price : $125,000 Category : Food/Hospita

Price $125,000

Greek Restaurant and Takeaway - Inner West Sydney. Trades 5 days. Licensed.

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

Business Headline : Greek Restaurant and Takeaway - Inner West Sydney. Trades 5 days. Licensed.

Price : $125,000

Category : Food/Hospitality, Restaurant, Takeaway Food, Alcohol/Liquor

This Greek Restaurant offers the ultimate dining experience through it\'s authentic menu and cooking styles.

Business Summary 

  • 5 Day Business, Trading Wednesday-Sunday
  • Busy Street Frontage Location, with growing density
  • Seats 120 Diners, Indoor and Outdoor 
  • Potential to quickly outperform current operation by actively attempting to grow the business
  • Licenses to serve alcohol
  • Catering to dine in patrons and takeaway 
  • Large and economic menu
  • Large kitchen, preparation areas, cold room, charcoal cooker, high quality kitchen equipment, hot & cold display cabinets and fridges
  • 3 Car parks at rear
  • Occupies two leases totalling 243m2 including balcony, onsite bathroom facilitates, office, dry storage and security monitoring
  • Reduction of floor size and rent expenses is an option - Saving $31,200 + Outgoings p.a
  • All equipment is included in the sale of the business 
  • The business and its potential has been underutilised due to the majority of time and energy spent on a separate venture. The sell price of the business reflects the motivation of the Vendor to sell quickly. Without taking into consideration the upfront capital expenditure done in mid 2015 for custom fit-outs and brand new equipment, costing in excess of $400,000. 
  • Brand is not included in the sale

This business is ideal for a new owner operator wishing to begin operation with no further capital expenditure on infrastructure.  

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3997483#enquire-now

Annual Rent : $87,749 - Weekly Rent : $1,687

Annual Turnover : $788,000 - Weekly Turnover : $15,154

Annual Gross Profit : $490,000 - Weekly Gross Profit : $9,423

Annual Ebit : $90,000 - Weekly Ebit : $1,731

Premise : Leased

Lease Commencement : Dec 2015

Lease End : Apr 2018

Lease Option: 5 years

Total Land Area : 287 Square Metres

Total No of Parking : 3

Franchise : No

Approximate Stock Value : $5,000

Year Established : 2015

Days Trading : 5

Staff : - 1 Part Time - 12 Casual

Staff Salaries : $168,000

Additional Notes : Well Over $400,000 Spent on Brand New Custom Fit-out in Mid 2015

Reason for Sale : Vendor Owns Another Business Demanding More Time Causing the Inability to Grow the Restaurant to its Full Potential

Location : Large Street Frontage on New Canterbury Road, With Heavy Foot Traffic Due to Transport, Locals & Nightlife Venues

Business Potential : Option to reduce floor area of 87m2, saving over $31,200 - Implementing Marketing Campaigns Through Multiple Avenues, Growing Residential Density, Offering Delivery Service Through Third Party Delivery Services, Online Ordering for In-Store Pickup, Promoting & Facilitating More Functions, Commuting to Key Full Time Staff, Create Stronger Brand Identity Through Service In-Store

Parking Comments : 3 cars - Parking at Rear for Staff & Street Parking for Patrons

Contact Seller

Contact: Eddie Spurr
Phone: 0417251015

Bsale ID: 158502
Agent ID: 3997483




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