Cafe / Restaurant Food Opportunity In Sydney $250k + Per Annum Profit

Sydney, NSW

Food/Hospitality / Cafe/Coffee Shop, Restaurant, Takeaway Food
$680,000 + Sav
Listing ID1676719

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Short summary
Established casual family Lebanese restaurant /cafe located on bustling Crown Street in Surry Hills in a prime location.
The restaurant is open 6 days a week and has an excellent dinner crowd with peak days being Fridays and Saturdays. The restaurant has a patron seating capacity of approx. 50 people and is frequently fully booked during the peak evenings.

Location details
Surry Hills is considered the main center in Sydney for fashion wholesale activities. It is a colorful, lively and popular destination for its mix of cafes, restaurants, antique stores, and boutique fashion outlets.


Potential
This is a great opportunity for the new owner to increase the trading days and the day parts. The cafe/restaurant is currently closed for breakfast. The new owner has the potential to see an easy additional revenue increase on the weekends if they choose to trade all day.

This cafe / restaurant already has glowing high ratio online reviews with an exceptional online presence and website.


Skills
Understanding the food / hospitality industry would be an advantage for the new owner, however, the sellers are willing to offer a comprehensive 4-week training handover period to train the new owners on all aspects of the business.


Hours
Monday - Wednesday
12:00pm 3:00pm & 5:30pm 10:00pm
Thursday, Friday
12:00pm 3:00pm & 5:30pm 11:00pm
Saturday
5:30pm 11:00pm

Lease
New 3+3 year lease available to the purchaser



Employees
2x Owners
3x Full time
5x Casual


Reason for sale

This is a wonderful opportunity for someone as the owners have done all the hard work of making this a hugely successful venture. The current owners are looking to enjoy some time off and focus on their young family.


History

Set up in 2013, this business is located on bustling Crown Street in Surry Hills, close to Oxford Street.


About the business

The restaurant enjoys a prime location, in a smart, modern building that contains commercial premises on the ground floor and apartments above.

The cafe is open 6 days a week and has an excellent dinner crowd, but is usually at its peak on Fridays and Saturdays. Able to seat approximately 50 people, the restaurant is frequently fully booked for these peak evenings. To maximize revenue, the business aims for sittings of 1.5 hours, to turn tables over as often as possible.

The business has an extensive Lebanese menu with takeaway lunch options and banquets on offer for large groups dining in. In addition, it is licensed to serve alcohol and has a good selection of beers, wines and spirits on offer. Customer reviews are invariably glowing with excellent ratings across a variety of websites and praise for both the food and the friendly, welcoming service.

This is currently an owner-operated business with two owners working full-time in the business and would suit a purchaser who is likely to continue to work in the business to drive it forward.


Little advertising or marketing has been conducted and business growth has been made primarily through word-of-mouth. A motivated purchaser could push this business to the next level and benefit from a restaurant where all the hard work has already been done. In such a key location in Surry Hills and with an excellent reputation and financial track record, this business will sell quickly.

A few facts about the restaurant:

- Renowned as an excellent venue for large parties and collaborations.

- Liquor license in place.

- Ideally located in the thriving food culture hub or Surry Hills.

- Spectacular well-established food menu.

- Over $100k in included equipment and includes near new high-quality machinery.

- Glowing reviews with an exceptional online presence.

The business is for sale and looking for offers in the region of $680,000, plus SAV.


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

Fred Pose
Business Sales Specialist
M: 0410 622 293 E: fred.pose@raywhite.com


Disclaimer:
Due to the confidential nature of the sale, images used are 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, director's benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.