Internal Ref: W1924
Summary
SBX Code: W1924 - Currently closed due to owners ill health - Previously a fusion restaurant. - Rent only $2500 p.w.
Rent
$2,500 pw
Net Profit
$0 pw
Location Details
Prime location in shopping centre in the Lower North Shore.
Potential
Huge potential as it can be converted to Licensed cafe / bar. or change the menu - Chinese, or Thai or Japanese Restaurant.- High rating Google reviews.
Hours
Open 7 days - 1000 am to 1000 pm.
Lease
7 yrs. lease from March 2022. Expires March 2029. 3 months bond, 3% rent increase per year.
Employees
3 full timers + 4 part timers.
About the Business
Restaurant - Bar - Lower North Shore
SBX Code: W1924
Restaurant / Bar - Currently closed due to health problems. Previously a fusion restaurant serving Italian, French, Korean cuisine. Breakfast, lunch and dinner included smoked duck benedict, 26 kimchi arancini, 16 steak tartare, etc.. Full commercial kitchen., 20 kgs .coffee and a great variety of Australian and European wines, beer and cocktails and spirits. 30% of income is through alcohol sales . Brand new fitout with state of the art equipment throughout. Open from breakfast to dinner 6 days a week and offering a lovely blend of traditional and modern cuisine with repeat customers from many surrounding suburbs. 49 seats inside, 45 seats outside. Liquor license until 1000 p.m.
Features
Very cheap rent. Stunningly beautiful shop fit out. Furniture is top class with marble tables, bronze frame chairs and marble counter. Fully equipped kitchen. Near new shop fittings and furniture.
Premises
Restaurant has an area of 158 sq. mts in side and approx. 100 sq. mts. outside.
Comments
Before closing down last year sales were $28,000/week, Shop fitout cost $650,000. Coffee machine belongs to coffee supplier. POS machine rental. Beer tap belongs to beer company. Owner is sick and restaurant is now closed. Selling well under shop fitout cost for quick sale. Very motivated vendor. A must inspectionInspection through your broker.
SBX Code: W1924
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