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Under Management Cafe/Restaurant - T/O $1.6M+ Cafes And Restaurants , Food, Corporate Sales above $1m, Cafes And Restaurants Sydney, NSW , Australia 356 Views
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Asking Price $1,100,000 for 100%
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This Listing is open for both accredited & non-accredited Buyers & Investors.

SALE OR INVESTMENT DETAILS
  • Stock at Cost $12,000
  • Gross Sales per annum $1,613,421
  • Assets Included in Sale $300,000
  • Profit (Normalised EBITDA) $297,066
  • Finance Available (subject to approval) Yes

Selling Agents

Highlights

  • Under Management Cafe/Restaurant - T/O $1.6M+
  • Run under management
  • Low percentage rent
  • Superb location

Executive Summary

An opportunity exists to acquire a busy, licensed cafe/restaurant in North West Sydney. The business stands out with its edgy menu, inner-city vibe and chic atmosphere.


Location Details

Located in the North West of Sydney with a vibrant inner city feel. The business is an affluent, high traffic family area surrounded by prestigious private, independent & high-performing government schools.


Potential

The potential in this business is endless. Currently awaiting DA approval from the local council, this will allow increased trading hours to 10pm, 6 nights a week, an extension to the current trading space which essentially doubles the internal trading floor and an increased car park capacity.


Skills

Restaurant and/or Cafe hospitality experience will be required.


Hours

Mon to Fri - 6am to 4pm

Sat - 7am to 3pm 

Sun - 8am to 3pm


Lease

Current lease expires on the 14th of June 2020, with a 5 year option thereafter. The second shop expires August 2021.


Employees

2x Full time

14x Casuals


About the Business

Sitting on the rural fringe of Sydney's Hills District, this cafe/restaurant has built a highly regarded reputation that reflects the businesses consistent revenue.

Everything in the business is designed to provide a premium experience, from the decor through to the menu, the choice of ingredients and the boutique brands of beers and wines. This is the type of place to linger and enjoy, to take a few moments and relax.


A few facts about this opportunity: 

- Turnover exceeding 1.6 million

- Run under management

- Low percentage rent

- Superb location

- Highly popular vibe, well renowned


For all enquiries please contact the undersigned:


Paul Smith

Business Sales Specialist | Business Sales Sydney

Ray White Business Sales, Corporate Business Sales & Acquisitions

M: 0420 550 433 T: 1800 858 696 E: p.smith@raywhite.com


Or


Peter Barrett

Business Sales Specialist | Business Sales Sydney

Ray White Business Sales, Corporate Business Sales & Acquisitions

M: 0474 378 411 T: 1800 858 696 E: peter.barrett@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.

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