Great location in a busy food strip in Narellan. Can change to any cusine

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Summary

A restaurant in Narealln Offering great exposure facing Narellan town centre and abundant parking available.

Revenue

$13,000 pw

Rent

$1,154 pw

Expenses

$3,500 pw

Net Profit

$6,000 pw

Location Details

Situated in dining precinct outside wall of big shopping centre in a new developing high density residential area near new airport.
offering great exposure facing Narellan town centre and abundant parking available.

Potential

A fantastic established restaurant in Narellan. Well known to locals.
can change any cusine like a pizza or Asian or takeaway due to great location in busy food strip Very Low rent and outgoings. Work hard then investment will be recovered within 12month

Only opens 4 days dinner only Current owner prefer work - life balance but have kept making high profit. However could open 7 days till late for increasing profit as there is high demand for opening more days and lunch and closing later. current Liquor license allows open till late.

Skills

Experienced owner make huge profit.

Hours

Thur to Sun 4 days 4.30pm to 9pm dinner service only

Lease

Current 5 year lease commenced Aug 2023 with 5+5-Rent increases by 3% per year, Bond $10,000.Current rent is $5,100/m

Employees

2 owners & 6 Casual

Reason for Sale

Retirement

About the Business

A fantastic eastablishment business.
Only opens 4 days dinner only Current owner prefer work - life balance but have kept making high profit. However could open 7 days till late for increasing profit as there is high demand for opening more days and lunch and closing later. current Liquor license allows open till late.

Gross sales between 11,000 to 16,000 per week with 4days dinner only
Rent around $5,100 per month
Outgoing 50% council fee, utilities only. No strata fee.
Current 5 year lease commenced Aug 2023 with 5 + 5 year options - Rent increases by 3% per year, Bond $10,000.
Very Low rent and outgoings makes high net profit rather than neighbor shops. Work hard and keep it as current level investment will be recovered within 12month.
Happy to share business confidential figures with people who are 100% interested.

History

Operated since 2018. . Very stable business. Well known to locals.
Fully equipped kitchen with cool room and storage room - 107 sqm, 56 seats or more. could be make outside seating as well. All equipment belongs to business, nothing leased

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