Restaurant - Bar - Functions - Olympic Park area

21 days ago

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Internal Ref: SFG1006

Summary

SBX Code: SFG1006 - Restaurant - Bar - Functions - Inner West - Olympic Park area- Nett $3,234 p.w. - 84 seats -Fully Licensed - Modern and attractive theme - 5 Days

Rent

$73,892 pa

Net Profit

$168,168 pa

Location Details

Excellent street frontage location in an entertainment, events and dining precinct in Inner West Sydney.

Potential

Could open for lunches - expand marketing through facebook - enter into arrangement with Uber Eats.

Hours

5 days - Tues. - Thurs. - 4 p.m. - 9 p.m. - Fri. - 12 - 11 p.m. - Sat. - 4 p.m. - 11 p.m. -

Lease

Current lease expires July 2019 + 5 year option - 3% increases p.a. - 6 month bank guarantee

Employees

1 owner + 1 - 2 casuals

About the Business

Restaurant - Bar - Functions - Inner West

SBX Code: SFG1006
Restaurant and bar that caters for entertainment and events specialising in Mexican cuisine. - Fully licensed for alcoholic beverages including cocktails. - 54 seats inside with 30 seats outside. - Modern wood and tiled themed shopfit. - Light cooking only as most ingredients are pre-prepared by supplier so an expert chef is not required in day to day operation. - 30 seats outside - 54 seats inside.

Potential
Could open for lunches - expand marketing through facebook - enter into arrangement with Uber Eats.

Features
Hours of operation are highly attractive - Easy to operate - Simple menu and easy preparation of food - Close proximity to major events - Profitable.

Premises
This business has an attractive casual themed internal dining area and smaller external area with an area of 105 sq. mts.

Location
Excellent street frontage location in an entertainment, events and dining precinct in Inner West Sydney.

Trading Hours
5 days - Tues. - Thurs. - 4 p.m. - 9 p.m. - Fri. - 12 - 11 p.m. - Sat. - 4 p.m. - 11 p.m. - Sun. as required by events.

Lease
Current lease expires July 2019 + 5 year option - 3% increases p.a. - 6 month bank guarantee.

Employees
1 owner + 1 - 2 casuals

Comments
Misc.- 1 - other general expenses + GST. - Misc. - 2 - superannuation guarantee levy. - Training available for purchaser. - Business was established by current owner and is now profitable with current turnover up approx.25% on prior year.

SBX Code: SFG1006

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