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

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


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
Know someone that could be interested in this?
Asking Price:
$165,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2031

Locality

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Established on
1988

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
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New South Wales
Australia
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