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Stunning Restaurant For Sale Tramsheds

Business for Sale
Glebe NSW

- Stunning, highly reputed restaurant. - Fully managed operation. - Seats about 150. - In Tramsheds (Glebe). - For Sale $295K only.

Price $295,000 + SAV

Stunning Restaurant For Sale Tramsheds

Stock Included: No
Stock Value: 10K app.
Years Est: 3+
Gross Revenue: 33K/wk app.

About The Business

***Nominated in 2017 as one of the best restaurants and bars in the world!***

Established in 2016 amidst just 11 other specialty restaurants and retail outlets at historic Tramsheds in Rozelle.

Returning a handsome 21% EBIT (approx.) to its current owners.


Location

- Prime location within Tramsheds complex.
- Close proximity to light rail station (trains to and from Central).


Financials

- Weekly Revenue: About $33Kpw.
- Weekly Rent: $5091pw.
- Owner's Return (EBIT): About $7.2Kpw (21%)


Features

- Sale price does not reflect restaurant's prestige & sophistication.
- Returns a stunning $7000pw (21% EBIT (approx)) to current owners.
- Best location in historic Tramsheds complex.
- Can seat up to 150 guests.
- Nearly 4 years remaining on current lease.
- Can negotiate new lease.
- Very professional kitchen + front of house teams.
- State-of-art kitchen and restaurant equipment, fitout & furnishings.
- 10+ years with current owner.
- Fully equipped kitchen and bar. Plenty of cool room space.
- Professional kitchen & front of house teams.
- On-Premises liquor licence.


Lease

- Lease ends = Sep 2023 (3.7 years remaining)
- Landlord has indicated new lease can be negotiated by purchaser.
- Option = Nil
- Current rent = $5091pw + GST


Trading Hours

11am - 10pm (Mon - Fri)
9am - 10pm (Sat - Sun)


Reason For Sale

Owner wants to focus on their family and other commitments.


Training

Current owners willing to train new owners and continue in an advisory role if required.


Comments

To complete a confidentiality agreement and know more about this business, contact Gaurav Sareen on info@vexoconsulting.com.au or 0457 000 894.

Vexo Business Consulting
Licenced Business Brokers (NSW)
Lic No 10091795

Contact Seller

Logo

Visit Website

Contact: Gaurav Sareen
Phone: 0291367393
Mobile: 0457000894
Bsale ID: 253135




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