120 Seat Restaurant For Sale - Turnover Exceeds $500k

Rose Bay, NSW

Food/Hospitality / Restaurant, Takeaway Food, Cafe/Coffee Shop
$120,000
Listing ID1899140

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An opportunity exists to acquire a profitable restaurant, licensed for BYO, in the centre of Sydney's affluent Rose Bay.

Location Details
Rose Bay is a bustling part of Sydney that encompasses parts of the harbour front and has views of both the Sydney Opera House and the Sydney Harbour Bridge.

Potential
The restaurant has excellent scope for growth given it has been profitable since opening, despite not having a website and only opening in the evenings for dinner. A purchaser can look at the extension of trading hours to include lunch, grow the food delivery/takeaway side of the restaurant (which could substantially increase revenue) and add an online website and advertising strategy moving forward.

Skills
The restaurant is currently run by two owner-operators aided by six staff. Restaurant management and people leadership skills are recommended.

Restaurant Business Hours
Open for dinner 7 days a week
Mon - Thurs & Sun 5:00pm - 10:00pm
Fri & Sat 5:00pm - 10:30pm

Lease
Lease expiry 2021 with a 5-year option.

Employees
2 x owner-operators supervising staff (1 x front of house, 1 x kitchen)
6 x staff (1 x Chef, 2 x kitchen, 3 x wait staff)

History
The restaurant has been located in the current Sydney location for 5 years and has upheld a high-quality fit-out.

About the Business
The restaurant opens for dinner only, 7 days a week. The business occupies large ground-floor premises that are approx. 227 sqm in size with a dining room that can seat up to 120, a commercial kitchen, two storage areas, customer toilets and two parking spaces for the owners at the rear.

The restaurant has food dine-in and takeaway / delivery options. Take away orders currently accounts for around 10% of the total revenue, so there is enormous potential to grow this side of the business by listing the business with many of the food delivery / takeaway brands currently operating such as UberEats, Menulog, EatNow. The food menu offers a comprehensive range of traditional Thai dishes all served beautifully, with a stunningly designed menu and banquets.

A purchaser has the option to continue with the current staff in place and continue the business in its current form, or re-brand the business and serve a different cuisine/menu of their choosing - the business assets, equipment and fit-out will lend themselves easily to adaptation and a new focus (if required).

Key Points about this restaurant:
- Premium Thai restaurant located in the heart of Sydney's affluent Eastern suburbs
- Located on a busy street on the ground floor of an exclusive commercial/residential building
- Full commercial kitchen, two storage areas, and walk-in cool room
- Lease expiry 2021 with 5-year option to renew
- Exciting scope for growth potential


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

Craig Tracey
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0400 449 135 T: 1800 858 696 E: craig.tracey@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1899140 to search for the business.

Disclaimer:
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, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Food, Restaurant, Sydney, Online, Takeaway, Food delivery, Business for sale, Under management