SBX Business Brokers Phone : 02 9439 ****

Restaurant - Bar - Cafe - Business Opportunity - Kellys Bar and Grill -Chatswood - New Store Opportunity -Set up cost $1.7 Mill

Listing Id : 271937

Location : New South Wales - Chatswood

Category : Restaurant

Asking Price : 298,000

Business description

Restaurant - Bar - Cafe - Business Opportunity - Lower North Shore - Agent SBX Code Number: SF1**** **** Restaurant - Bar - Steak house - Opened in December 2018 and cost over $1.7mill to set up - Fully licensed steak house selling wine, beer, soft drinks and cocktails - Fully equipped with state of the art equipment and a well maintained open kitchen - 130 seats- Business name and recipes are not being sold. - WIWO Potential Could introduce coffee and breakfast especially on weekends - Lots of opportunity to increase sales - Open 7 days - Huge growth potential - Suit any cuisine including Asian Features High foot traffic location - Currently under management - Very good 10 year lease + 5 year option - On site staff parking - Rent reductions for 3 years - Brilliant opportunity Premises This stylish new and well designed venue with a state of the art kitchen has an area of 328 m2. Location New dining precinct in a busy shopping and dining centre directly above large popular anchor tenant, surrounded by residential and offices in the Lower North Shore Trading Hours Currently open only 5 days but potential to open 7 days Lease Current lease expires November 2**** **** + 5 year option - 3% increases - 6 month bond Employees 1 full time Manager + 18 casuals Comments Current average sales are approx. $20,000 p.w. - As this is a new shop the business is not selling on the figures but the opportunity including all equipment and restaurant set up cost of over $1.7 million dollars - WIWO - Very good lease and the rent shown is the current reduced weekly rent which includes incentives (rental abatement) which have been approved till May 2**** **** . Attractive rent and lease terms - Motivated vendor who needs to look after an unwell family member - Business name, IP and recipes are not being sold. - Please talk to your broker to organise a meeting or inspection to see this amazing opportunity with massive growth potential. Figures Weekly Sales $20000 Rent (ex GST) $17**** **** Wages $0 Profit $0 Agent SBX Code Number: SF1**** **** - SBX Business Brokers

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