Restaurant - Hungarian & European Cuisine - Well known - Trading for 40 years - 2 storey terrace. - G1756

Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

--


Industry :
Professional - Brokerage ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

-x

About the business

Restaurant - Hungarian & European Cuisine - Eastern Suburbs - Agent SBX Code Number: G1756

Restaurant serving authentic Hungarian and Eastern European cuisine. - Fully equipped kitchen in good condition with plenty of storage. - Has been trading for over 40 years and successfully trading nights only. - Fully licensed and the menu consists of an excellent range which includes favourites like the signature dish crispy roast duck with cherry sauce, matzo dumpling soup, veal goulash and a range of famous schnitzels accompanied by a selection of side dishes. - 55 seats downstairs - 20 seats upstairs in private dining area.

Potential
Could open for lunches or could trade all day as a cafe & a restaurant at night. - Could also easily convert to any other cuisine. -Potential to convert upstairs private dining area to accommodation for the owner if required. - Perfect for a couple or a family business. -Currently takeaway only for collection.

Features
Well known local icon. - Great corner location. - Has appeared on Food Safari. -Well established. - Regular local customer base. - Excellent financials.

Premises
This business is in a 2 storey terrace with private dining upstairs or can be converted to a residence if required.

Location
Well located on a prominent corner position on a busy Eastern Suburbs main road.

Trading Hours
6 days - Tues. - Sun. - 530 p.m - 1000 p.m

Lease
5 + 5 year lease commenced May 2021. - 3 months bond. - CPI increases.

Employees
1 owner + 2 chefs + 1 kitchen hand + 2 waitstaff

Comments
Misc.- 1 - General expenses. - The figures being shown are a weekly average of the 2021 FY P&L from the accountants report.

Figures
Weekly Sales $12203
Rent (ex GST) $1633
Wages $2462
Profit $3454


Agent SBX Code Number: G1756 - SBX Business Brokers

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SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.  

Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.

 

SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.

 

To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.

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