Restaurant Business Opportunity For Sale - Liquor Licensed - Fully Equipped

Sydney, NSW

Food/Hospitality / Restaurant, Alcohol/Liquor, Cafe/Coffee Shop
$100,000 Inc. Sav
Listing ID1694809

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Short summary:
Established in 2013, this business is highly regarded in the local area, providing a differentiated service and offering to its highly supportive customer base.

Location details:
The physical premises are located on a busy commercial strip with easy parking available for patrons. The lease also includes residential premises for sub-letting. The property presents in a well-maintained condition.

Potential:
The owners have established a good business in a short timeframe, which has substantial scope to grow further.
Investment in traditional marketing has been quite limited, with the reputation of the business built on the principles of serving quality food accompanied with good service, in a warm and welcoming environment.

There are multiple opportunities to expand this business:
The business currently only trades twenty hours a week for dinner service. Expanding to some lunch trade will have a material impact on turnover.

The area is a strong supporter of home delivered services. The introduction of a specific home delivery menu will also assist in driving additional turnover.

While some corporate marketing has been undertaken with good results, there is substantial scope to increment business in this area.
Targeted on-line marketing strategy will also raise the general awareness of the business, further supporting an increase in trade.

Skills:
While an uncomplicated business to manage, operators with restaurant experience will quickly recognize the opportunities on offer.

Hours:
Tuesday Saturday
6:00pm 10:00pm

Lease:
Existing lease to be transferred to the new buyer.

Employees:

1x Owner/operator
1x FT staff
2x PT staff
2x Casual staff

The reason for sale:
The owner wishes to explore a new opportunity.


About the business:

Ray White Business Sales is excited to offer this restaurant for sale in the busy suburb of Randwick. The business was established in 2013 and offers a modern French Australian menu, which with very limited marketing has established a loyal client base

Revenue is consistently strong demonstrating the support received from the local clientele.

Additionally, this is a business a purchaser can walk into and begin trading without the need to invest in new equipment or upgrading the premises. The fit out is of a good quality and all aspects of the premises are clean and well maintained. The existing lease will be assigned as part of the sale.

The restaurant currently operates a website and Facebook page with reviews consistently sitting in the 5/5 range. Increased social media activity would be effective in creating traffic and general awareness to the restaurant.

Some pertinent facts about this business:

- An excellent location in a busy, thriving and cosmopolitan part of Sydney.

- Great reputation and growing customer base.

- Fully equipped, no cap-ex required.

- Easily operated with a small staff.

- Liquor license in place.

- Private function room available to hire.
The business is for sale and looking for offers in the region of $159,000, including SAV.

For all enquiries on this business opportunity, please contact Mark Levitt:

Mark Levitt
Ray White Business Sales | Business Sales Specialist
M: 0431 004 488 E: mark.levitt@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, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.