Iconic Restaurant, Profitable, Under Management,
Long Lease, Sutherland Shire

Industry: Food/Hospitality - Restaurant, Food/Hospitality - Alcohol/Liquor, Food/Hospitality - Café/Coffee Shop | Listed by: ABBA Group
Key Strengths
About this business

Business Headline : Iconic Restaurant, Profitable, Under Management, Long Lease, Sutherland Shire


Price : $450,000


Category : Food/Hospitality, Restaurant, Alcohol/Liquor, Cafe/Coffee Shop


It is not often that such a stylish, iconic, fully licenced restaurant becomes available for sale. Located in a premium location, a 10 year lease ensures that you are front and centre of peoples mind when they stroll down the busy street.


Restaurant features high quality kitchen equipment, fittings, fixtures, indoor and outdoor seating (Replacement value close to $600,000).


Operated fully under management, the owners are investors, not operators. This does leave potential for an owner operator to further increase profitability, or for an investor to simply keep the status quo.


The lease period runs to July 2023, with a further 5 year option taking it to 2028.


The restaurant operates lunch and dinner Friday to Sunday, Dinner only Wednesday and Thursday.  Opportunity exists to open longer hours and possibly even offer a breakfast menu.


Summary of Key selling points:



  • Operates profitably under management

  • Liquor licence

  • Long lease, with rent around 10% of takings

  • Great location

  • Accountant prepared profit and loss statements available for review

  • Opportunity to increase profits through extended trading hours


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4241185#enquire-now

Annual Rent : $150,252 -
Weekly Rent : $2,889


Annual Turnover : $1,317,032 -
Weekly Turnover : $25,328


Annual Gross Profit : $991,144 -
Weekly Gross Profit : $19,060


Annual Ebit : $292,982 -
Weekly Ebit : $5,634


Premise : Leased


Lease Commencement : Jul 2013


Lease End : Jul 2023


Lease Option:
5 years


Current Outgoings pa: $18,314



Franchise : No


Approximate Stock Value : $10,000


Year Purchased : 2015


Days Trading : 5


Staff :
5 Full Time - 8 Casual


Staff Salaries : $408,908


Reason for Sale : Other business interests


Location : Cronulla


Business Potential : Trade 7 days and/or breakfast, Owner Operator could improve profitability

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Business Name / Ref #:
Contact Advertiser
Location:
Cronulla
NSW
Asking Price:
$450,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
150252
Trading Hours:
Website:
Contact Details:
1300064.....
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Advertiser Details

Sales, Mergers & Acquisitions
Location: Level 1, 183 Harris Street
PYRMONT NSW 2009, New South Wales
2009, Australia

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Iconic Restaurant, Profitable, Under Management, Long Lease, Sutherland Shire ListingImage
About this business

Business Headline : Iconic Restaurant, Profitable, Under Management, Long Lease, Sutherland Shire


Price : $450,000


Category : Food/Hospitality, Restaurant, Alcohol/Liquor, Cafe/Coffee Shop


It is not often that such a stylish, iconic, fully licenced restaurant becomes available for sale. Located in a premium location, a 10 year lease ensures that you are front and centre of peoples mind when they stroll down the busy street.


Restaurant features high quality kitchen equipment, fittings, fixtures, indoor and outdoor seating (Replacement value close to $600,000).


Operated fully under management, the owners are investors, not operators. This does leave potential for an owner operator to further increase profitability, or for an investor to simply keep the status quo.


The lease period runs to July 2023, with a further 5 year option taking it to 2028.


The restaurant operates lunch and dinner Friday to Sunday, Dinner only Wednesday and Thursday.  Opportunity exists to open longer hours and possibly even offer a breakfast menu.


Summary of Key selling points:



  • Operates profitably under management

  • Liquor licence

  • Long lease, with rent around 10% of takings

  • Great location

  • Accountant prepared profit and loss statements available for review

  • Opportunity to increase profits through extended trading hours


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4241185#enquire-now

Annual Rent : $150,252 -
Weekly Rent : $2,889


Annual Turnover : $1,317,032 -
Weekly Turnover : $25,328


Annual Gross Profit : $991,144 -
Weekly Gross Profit : $19,060


Annual Ebit : $292,982 -
Weekly Ebit : $5,634


Premise : Leased


Lease Commencement : Jul 2013


Lease End : Jul 2023


Lease Option:
5 years


Current Outgoings pa: $18,314



Franchise : No


Approximate Stock Value : $10,000


Year Purchased : 2015


Days Trading : 5


Staff :
5 Full Time - 8 Casual


Staff Salaries : $408,908


Reason for Sale : Other business interests


Location : Cronulla


Business Potential : Trade 7 days and/or breakfast, Owner Operator could improve profitability

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:150252

Trading Hours:

Website:

$450,000

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