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Restaurant business for sale in Neutral Bay

  • Restaurant
  • Neutral Bay NSW 2089
  • $50,000 (GST na)

FA1028 - Business For Sale - Restaurant Great buy

Restaurant - Japanese Cuisine - Lower North Shore
SBX Business Code: FA1028
Restaurant serving Izakaya style Japanese menu with 100 traditional dishes plus chefs daily specials and a combination of sushi dishes. - Full licensed with a large selection of wines and spirits including Japanese sake and beer. - Restaurant holds a Japanese sake fest 3 times a year. - 60 seats inside - 10 seats outside.

Potential
Could open for lunch and Sunday which would increase profit.

Features
Authentic Japanese fitout. - Very well established. - Well known with Japanese tourists

Premises
This business has an area of 183 sq. mts. with spacious high ceilings and trendy Japanese atmosphere.

Location
Situated for many years at this address surrounded by a variety of restaurants and eateries on Lower North Shore.

Trading Hours
6 days - Mon. - Sat . - Dinner only 6 p.m. to midnight

Lease
Current lease expires 30th April, 2020 + 5 + 5 + 5 year options - annual increases 3.5% negotiable

Employees
2 owners fulltime + 6 casuals

Comments
New commercial kitchen and fit out only two years old and costing approx. $180,000 - This is a unique opportunity and priced well below market value to sell quickly.
Figures
Weekly Sales $12000
Rent (ex GST) $2855
Wages $2400
Profit $1750

SBX Business Code: FA1028

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2014113867
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Category
Last updated  9 May 2019
Map for Neutral Bay NSW 2089Neutral Bay NSW 2089
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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