Summary
Populer Mexican restaurant in the heart of Manly for sale, 2min walk to the beach and 2min walk to the ferry, right in the middle of Belgrave Street.
Revenue
$35,000 pw
Rent
$2,600 pw
Expenses
$26,000 pw
Net Profit
$6,400 pw
Location Details
16 Belgrave Street
Right in the heart of Manly, 2min walk to the beach and 2min walk to the ferry. Plenty of parking with a parking lot right behind it. Dual frontage with access from whistler street and Belgrave street.
Potential
Thriving restaurant in an excellent location with multiple dining areas including an outdoor courtyard with a recractable roof, indoor dining room nd footpath dining. Highly valuable on premises licence with PSA allowing drinking without food and allowing trade until midnight. Dual frontage on two busy and well know hospitality streets allows for 7 day a week trade from morning until midnight.
Skills
Very few skills required, business is fully staffed and under management. No work in the venue required
Hours
Current days of operation are Wednesday to Sunday dinner and Friday to Sunday lunch but so much potential to increase
Lease
the lease has over 8 years remaining until the option for another 10 years so perfect for someone looking to setttle in
Employees
Head chef, Sous chef, Chef de Partie, Kitchen Hand, Bar manager, Floor manager, Bartender and 2 waiters. Fully staffed, fully trained and operating independently
Reason for Sale
Current owners have two other restaurants in the cbd, one owner has moved to the hunter valley. Looking to scale back their operations on the Northern beaches and focus on the CBD venues
About the Business
We are Tommy's in Manly, an extremely popular, 80 seat Mexican restaurant that opened almost 2 years ago and has been the "Place to Go" in Manly ever since. We deliver high quality Mexican food designed by our head chef who we brought over from Mexico and are famous for our tequila cocktails, carefully crafted by our head mixologist.
We have a strong brand in the area with a huge contingent of repeat customers coming back week after week. Our customer base is high income earning, spending a lot on food drinks and wine, often up to $200 per head.
With the consistent repeat customer base and prime location this business has produced consistent profit throughout the entire year, ensure a fast and significant return on investment. With the extended lease and large option available the potential for consistent profit over the next 18 years is almost assured
History
Tommy's is a strong brand known all throughout Sydney, with a secon location in Darlinghurst it has become a strong brand that people recognise, trust and respect.
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