Under Management - Restaurant - Takeaway- Thai - Sydney Westfield CBD - Thai - Positioned in a premium food court location - SF1464

Industry: Food/Hospitality - Takeaway Food | Listed by: SBX Business Brokers

KEY STRENGTHS


ABOUT THIS BUSINESS

Under Management - Restaurant - Takeaway- Thai - Sydney CBD - Agent SBX Code Number: SF1464

Takeaway - Restaurant currently serving fast and fresh Thai cuisine including entrees, noodles, stir fries, seafood, curries, street food and cold drinks. - Very high quality design fit out and presentation - Open style kitchen featuring large exhaust, char grill, 6 wok burners, deep fryer, and pasta/noodle cooker - 18 private bench seats and over 100 food court seating. - A full upgrade completed in 2019 with over $100K spent. Pre Covid Sales approx $35-$40Kp.w. - Current sales in 2022 approx $15K p.w and increasing - 30% rent relief between till June 2022 and the full rent is $8,203 p.w. - $2,460 = $5,743 p.w. ex gst is the current rent vendor is paying - Rent reductions may continue in 2022 by negotiation for a new buyer

Potential
Great opportunity to get a top position in an up market food court in the CBD- Expand catering - An owner operator could further increase sales and profit and reduce wages - Potential for liquor license (STA). -Food delivery contractors are used and this is very popular.

Features
Fantastic and highly sought location - High foot traffic - Prime CBD food court location - A new ordering mobile App with specials throughout the week increases sales and brings in new customers. - Lots of tourists.- Well established

Premises
Fantastic looking premises with good menu signage, storage and a private dining section with an area of 72 m2.

Location
Prime foodcourt location in one of the best Westfield shopping centres in Sydney CBD surrounded by other retail, commercial offices and very well known food outlets.

Trading Hours
7 days - Mon. - Sun. - 11 a.m. - 7 p.m. - Thurs. - 11 a.m. - 9 p.m.

Lease
Current lease expires April, 2025 - 5% Increases - 3 month bond.

Employees
1 Manager + 3 full timers + 2-3 part timers+ 1-3 casuals

Comments
Misc.- 1 - Other general expenses and GST. - Currently run under management and Managers wage is $1200 p.w. - This is a fantastic opportunity to purchase one of the most well known takeaways & restaurants in the CBDs premium position with plenty of passing foot traffic both throughout the week, and on weekends This is not a Franchise and the business name is available by negotiation. - A full upgrade completed in 2019 with over $100K spent - Motivated vendor and priced to sell!!

Figures
Weekly Sales $15000
Rent (ex GST) $5743
Wages $0
Profit $0


Agent SBX Code Number: SF1464 - SBX Business Brokers

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Business Name / Ref

Contact Advertiser

Asking Price

$120,000


Revenue


Year Established


No. of Employees

-


Gross Profit


Fixtures


Stock


Lease

5743


Trading Hours


Website


Contact Details

02 9439.....

Location

Shop 8, 69 Kalang Road
Elanora Heights, New South Wales
2101, Australia

Advertiser Details

One of the largest business brokers in Australia, providing personalised service to buyers and sellers of businesses

Location

Shop 8, 69 Kalang Road
Elanora Heights, New South Wales
2101, Australia

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Under Management - Restaurant - Takeaway- Thai - Sydney Westfield CBD - Thai - Positioned in a premium food court location - SF1464 ListingImage
About this business
Under Management - Restaurant - Takeaway- Thai - Sydney CBD - Agent SBX Code Number: SF1464

Takeaway - Restaurant currently serving fast and fresh Thai cuisine including entrees, noodles, stir fries, seafood, curries, street food and cold drinks. - Very high quality design fit out and presentation - Open style kitchen featuring large exhaust, char grill, 6 wok burners, deep fryer, and pasta/noodle cooker - 18 private bench seats and over 100 food court seating. - A full upgrade completed in 2019 with over $100K spent. Pre Covid Sales approx $35-$40Kp.w. - Current sales in 2022 approx $15K p.w and increasing - 30% rent relief between till June 2022 and the full rent is $8,203 p.w. - $2,460 = $5,743 p.w. ex gst is the current rent vendor is paying - Rent reductions may continue in 2022 by negotiation for a new buyer

Potential
Great opportunity to get a top position in an up market food court in the CBD- Expand catering - An owner operator could further increase sales and profit and reduce wages - Potential for liquor license (STA). -Food delivery contractors are used and this is very popular.

Features
Fantastic and highly sought location - High foot traffic - Prime CBD food court location - A new ordering mobile App with specials throughout the week increases sales and brings in new customers. - Lots of tourists.- Well established

Premises
Fantastic looking premises with good menu signage, storage and a private dining section with an area of 72 m2.

Location
Prime foodcourt location in one of the best Westfield shopping centres in Sydney CBD surrounded by other retail, commercial offices and very well known food outlets.

Trading Hours
7 days - Mon. - Sun. - 11 a.m. - 7 p.m. - Thurs. - 11 a.m. - 9 p.m.

Lease
Current lease expires April, 2025 - 5% Increases - 3 month bond.

Employees
1 Manager + 3 full timers + 2-3 part timers+ 1-3 casuals

Comments
Misc.- 1 - Other general expenses and GST. - Currently run under management and Managers wage is $1200 p.w. - This is a fantastic opportunity to purchase one of the most well known takeaways & restaurants in the CBDs premium position with plenty of passing foot traffic both throughout the week, and on weekends This is not a Franchise and the business name is available by negotiation. - A full upgrade completed in 2019 with over $100K spent - Motivated vendor and priced to sell!!

Figures
Weekly Sales $15000
Rent (ex GST) $5743
Wages $0
Profit $0


Agent SBX Code Number: SF1464 - SBX Business Brokers

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:5743

Trading Hours:

Website:

$120,000