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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $750,000 (GST na)

Famous Oporto Business for sale in Sydney - 1SELL Listing Number: 1AU0131

Famous Oporto Business for sale in Sydney

1SELL Listing Number: 1AU0131

Offers over $750,000

About the Business:

- Exceptional opportunity to acquire an Oporto business in the Western Suburbs of Sydney.

- Just a few kilometres from Sydney Central.

- Currently fully operated under management.

- Monthly revenue exceeds approximately $149,650.

- Total rent is approximately $19,200 per month + GST.

- Operating hours: 7 days, 9 am to 11.45 pm.

- Annual sales around $2 million.

- Full training provided by Oporto for eligible candidates over an 8-week period.

- A great opportunity for an owner-operator or under management, with an asking price starting at $750,000.

- Long lease in place.

Revenue and expenses:

- Sales: Approximately $149,650 per month or more.

- Expenses: Approximately $78,900 per month.

- Annual income may exceed $338,000 before taxes for an owner-operator, equating to over $28,100 per month before taxes.

- Currently, net income before tax is approximately $19,300 per month under management, totalling over $232,500 per year before taxes.

Cost to acquire:

- Business: Offers over $750,000

- Training cost: $12,000

- License, transfer fees and other associated fees: $20,000 approx.

Note: All genuine Oporto records are in place. It can be supplied to serious prospective buyers after site visit and personal interview.

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Property Code: 141

Business Highlights

Business ID2018935295
Floor AreaAsk Business Broker
Category
Last updated  30 Nov 2023
Map for Sydney NSW 2000
Map for Sydney NSW 2000Sydney NSW 2000

Business Highlights

Business ID2018935295
Floor AreaAsk Business Broker
Category
Last updated  30 Nov 2023

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