Well-Established and Popular Restaurant - Sydney's Eastern suburbs

6 days ago

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Internal Ref: 20523395


This is a well-known restaurant with an excellent reputation, situated in a prime location next to shopping centres and hospitals, as well as retailers and commercial businesses.

Location Details

The business occupies an approximately 80 sqm site and is located on a street with excellent foot traffic and on a bus route near cafes.


The current owner works as a rostered chef, but it is also possible for a new owner to either take this or a different role, or even put a Manager in place as there is a reliable team of staff working across the week.


The business would suit a purchaser with experience in hospitality who is looking for a business with an excellent reputation that they can get involved in as an owner-operator and take it to the next stage.


Open 7 days a week 11:30am - 9:00pm


Expiry in May 2021 1 x 3-year option


1x FT Owner/Manager/Rostered Chef
2x FT Chef
2x FT Waiter/Waitress

1x PT Manager
2x PT Chef
2x PT Kitchen Hand
4x PT Waiter/Waitress

About the Business

The eatery is bright and airy and has a prominent customer service counter displaying hot and cold food and behind which, the customer can watch their dish being wok-cooked in front of them.
This is a popular eatery with a menu that has broad appeal in a key site that ensures plenty of potential customers 7 days a week.

Key facts about this business:
- Well-established restaurant
- Located in a busy commercial centre east of Sydney
- Good quality fit out
- Seating for approx. 34 customers
- Popular menu, very busy at lunchtime
- Good team of staff
- 1 x 3 -year lease option
- Well-equipped, nothing to spend
- Strong revenue across 7 days a week
- Profitable and excellent customer ratings and reviews

For more information on this opportunity, please contact the undersigned:

Paul Smith
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0420 550 433 T: 1800 858 696 E: psmith@mentored.com.au

For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 20523395 to search for the business.

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.


The business has been in operation for several years, so the business is well-known and recognised in the area and receives good customer ratings and reviews.

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