SBX Business Brokers Phone : 02 9439 ****

Restaurant - Under Management - Bar - Functions - Cafe - Kellys Bar & Grill - Steakhouse - 3 locations - Sales $155,000 p.w - Profit $16,153 pw

Listing Id : 264151

Location : New South Wales - Sydney

Category : Restaurant

Asking Price : 2,500,000

Business description

Restaurant - Under Management - Bar - Functions - Cafe - Sydney - Agent SBX Code Number: SF1537 Restaurant - Bar - Steakhouses - Included are three locations to be sold as one going concern. - Selling fresh and generous portions of steaks, ribs and burgers as well as a wide variety of chicken, seafood, salads, fresh bread and vegetarian dishes - Fully licensed selling wine, beer, soft drinks and cocktails - Fully equipped with state of the art well maintained open kitchens - Bondi Junction has 200 seats - Miranda 200 seats and Chatswood130 seats. - A 2 page confidentiality agreement is required. Potential Fantastic opportunity to own an established and extremely successful Sydney based business with plenty of room for growth - Could introduce coffee and breakfast especially on weekends - Reduce the top end management/head office and labour costs - Lots of opportunity to increase sales Features High foot traffic locations - Well established since 1995 - Ideal for functions, events and parties - Popular and well known for service and quality food - Successful and great reputation- Profitable and easily scalable business model - Currently under management - Excellent website and social media presence. Premises These stylish, industrial chic and well designed venues operate in three Sydney suburbs and the shops are respectively 397, 427 and 328 m2 areas. Location Prime high traffic locations in Bondi Junction, Miranda and recently opened in Chatswood. Trading Hours 7 days - Open for lunch and dinner Lease All have very good lease terms in place with incentives and leases will be available to serious buyers Employees Full staff list will be provided as required after a meeting. Comments Miscell.- 1 - Includes all general costs such as electricity, gas, insurance, cleaning & waste removal. - Bondi Junction opened in 1995 and Miranda opened in 2015. - Solid, consistent performers, systematised businesses with attractive lease conditions and incentives. - Net profit shown is based on addbacks,reducing current wages and incentives. - Recent set up cost including equipment of the newest Chatswood restaurant cost over $1.9 million dollars (opened Dec 2018) - Full financials, leases and equipment lists available after a meeting - A new owner could also turn into a franchise as all the systems are in place - One of the best opportunities on our books and priced to sell for experienced and motivated purchasers, astute hands on operator or investors - An exceptional product and an extremely strong brand - An absolute must to inspect but please be very discreet - A 2 page confidentiality agreement is required. Figures Weekly Sales $1**** **** Rent (ex GST) $18000 Wages $60000 Profit $16153 Agent SBX Code Number: SF1537 - SBX Business Brokers

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