Restaurant Business For Sale - Net Profits Of $345k Per Annum - New Fit Out

Sydney, NSW

Food/Hospitality / Restaurant, Cafe/Coffee Shop Retail / Food/Beverage
$250,000
Listing ID1688851

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Established by the current owners in 2014, the business offers a la carte and buffet options. It also offers live entertainment and accommodates large functions with seating for 180 patrons!

Location Details
The business is situated on the first floor of a suburban plaza along a main arterial road on the North Shore. There is ample free parking available. Refitted in 2014, with 320sq. of floor space.

Potential
This business has enormous growth potential:

- Trading can be expanded from 3 days (currently) a week to 7;
- Apply for a liquor license and dramatically increase the revenue per table;
- Local Area Marketing including social media advertising;
- Expand the website to include ordering and paying for Takeaway sales from the buffet.

Skills
No prior experience is required! Training is provided with a capable core team in place already.

Hours
Friday to Saturday 12.30-4pm and 6.30 to 12 am
Sundays 12.30-4pm and 6.30 to 10.30pm

Lease
Current lease expires on 31st Jan 2019. There is a 5+5 year option available.

Employees
One P/T owner and 2 F/T chefs. There is 1 F/T & 2 P/T waitresses and 1 F/T & 3 P/T Kitchen hand/cleaners.

About the Business
This business is poised for rapid growth. The current owners have meticulously built it up. It is easy to run as all the systems, menus and social media websites are in place.

The a la carte menu consists of entrees, meat dishes, seafood, stews, kebabs, salads, and desserts. The buffet includes a selection of more than 30 dishes and is offered at a set price of $45 per person ($55 per person if live music and entertainment are included). There is a full commercial kitchen and a walk-in fridge.

The key strengths include:
- Included assets valued at $250k
- Great location and an enormous floor space/ new fit out
- Good brand awareness - 1500+ customers follow it on Instagram
- Easy to run with a well-trained team
- No experience required
- Turnover of $1m+ with a Net Profit of $345k

For further details please contact the undersigned:

Robbert Van Den Bogaardt
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0412 070 965 T: 1800 858 696 E: robbert.vandenbogaardt@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 1688851 to search for the business.

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