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Restaurant - Function Centre - Bar - Residence Attached...

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Restaurant - Function Centre - Bar - Residence Attached - Indian Cuisine Function Centre Bar 1 br Residence Nett $7170 p.w City Fringe Nsw
Newtown NSW

Restaurant - Function Centre - Bar - Residence Attached - City Fringe - Agent SBX Code Number: SFD1033 Restaurant - takeaway currently serving Indian, Sri Lankan, Malaysian cuisine but can be cha...

Price $270,000.00

Restaurant - Function Centre - Bar - Residence Attached - Indian Cuisine Function Centre Bar 1 br Residence Nett $7170 p.w City Fringe Nsw

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Function Centre - Bar - Residence Attached - City Fringe - Agent SBX Code Number: SFD1033

Restaurant - takeaway currently serving Indian, Sri Lankan, Malaysian cuisine but can be changed to any cuisine like Chinese, Thai, Turkish, Italian etc. - flexible premises can accommodate 130 diners. - Premises has large kitchen, function centre, bar and one bedroom unit. - Full Kitchen with 8 + 3 burners, Tandoor, griller, fryer, cool room, cold storage, storeroom - 130 seats inside- Licenced

Potential

This location would suit any type of cuisine and has the potential for a number of different uses including bar and function centre - Could serve breakfast, lunch & dinner.

Features

Very busy on Menulog, Uber eats, Deliveroo and Doordash. - Also has own delivery with three scooters and website. - Menulog Award Winner for Best Indian Restaurant in Sydney City & Inner South for 2017,2018 & 2019 also Menulog State Winner NSW for 2019.

Premises

Very spacious two storey building with street front exposure and an area of 300 sq. mts. including one bedroom residence.

Location

Trendy prime street front location, in the City Fringe close to CBD and surrounded by commercial, residential universities, hospitals, cafes and restaurants..

Trading Hours

7 days - Lunch - Mon. - Fri. - 11.30 a.m. - 3.00 p.m.- Dinner - Mon. - Fri. - 5 p.m. - 9.30 p.m. Sat / Sun / Public holidays - 11.30 a.m. - 9.30 p.m.

Lease

Current lease expires Sept. 2021 + 4 year option - 4% increases per annum - 3 month bond.

Employees

1 owner + 2 full timers + 7 casuals

Comments

Misc.- 1 - Other general expenses - Misc. - 2 - Water expense. - Rent includes outgoing and one bedroom unit. - All interested buyers must arrange a meeting with the vendor through their SBX broker and must not speak to any staff on site - Great opportunity to buy into a very busy food strip in the City Fringe and close to the Sydney CBD. - A must to inspect but please be discreet.

Agent SBX Code Number: SFD1033 - Sydney Business Exchange

Contact Seller

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View Broker Profile

SBX Business Brokers
P: 02 9439 4403

Bsale ID: 275349
SBX ID: SFD1033




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