SBX Business Brokers Phone : 02 9439 **** SBX Business Brokers
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Bar - Restaurant - Takeaway - Cafe - Great opportunity

Listing Id : 246039

Location : Victoria

Category : Restaurant

Asking Price : 68,500

Business description

Bar - Restaurant - Takeaway - Cafe - Melbourne West - Agent SBX Code Number: GNGDS10**** **** Restaurant - Tapas bar serving European / Asian cuisine with great on-tap beers - Menu includes tapas, paella and other Spanish & European favourites - Full stand up bar and inside seating area - venue is popular as a function centre for intimate dinners and cocktail standing parties up to 180 - well equipped audio-visual equipment capabilities - weekly events like Fri. & Sat. music nights + discounted tap beers Sunday to Thursday. - 25 seats outside - 80 eats inside. Potential Outstanding location for private functions is currently under-utilised - new signage and social media promotion - Potential for change of cuisine to a steak house, Japanese teppanyaki, Mediterranean or Turkish. Features Highly visible and lots of foot traffic - Licence till 1am - Well established - Popular and well known. Premises Modern open-space tapas bar with high ceilings and folding windows across the entire street frontage. Location South-Western outer Melbourne location on busy shopping strip near main entrance to shopping centre. Trading Hours 6 days - Tues. - 5 p.m. -11 p.m. - Wed. to Sun.- 11 a.m. - 3 p.m. + 5 p.m. - 11 p.m. - Mon. closed. Lease 4 + 5 year lease expires October 2**** **** % C.P.I. increases - Bond is 3 months rent bank guarantee. Employees 1 owner operator + 2 chefs + up to 6 casuals (demand dependent). Comments The venue was taking approx. $16k per week only a year ago. - Although this has dropped to $9k per week it still has the potential to build to about $20k per week with fresh management plan. - Generating around 30% sales on alcohol and 70% on balance. - Electricity and Gas is included in the rent. - 1 week training will be provided by vendor in handover if required. Figures Weekly Sales $9000 Rent (ex GST) $2**** **** Wages $2000 Profit $2156 Agent SBX Code Number: GNGDS10**** **** - SBX Business Brokers


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