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Restaurant business for sale in Neutral Bay

  • Restaurant
  • Neutral Bay NSW 2089
  • $260,000 (GST na)

FQ1125J - Business For Sale - Restaurant Restaurant - Sales $15,600 p.w - Takeaway Asian Neutral Bay Nett -$3,694 pw

Restaurant - Takeaway - Asian Cuisine - Lower North Shore
SBX Business Code: FQ1125J
Restaurant serving classic Malaysian cuisine such as Hainanese chicken rice, chilli crabs, beef rendang, laksa, Nasi Lemak , Golden Sand Prawn etc. - Also serves authentic Malaysian beverages such as Teh Terik etc. - The restaurant has had high ratings on Google, UberEats, TripAdvisor, Deliveroo, Yelp, Facebook, Zomato etc. - 75 seats inside - 35 seats outside.

Potential
Massive opportunity to apply liquor licence & serve alcohol - could open Sunday to improve turnover - could introduce seafood and other high-value menu items - offer catering for businesses and residential.

Features
Excellent reviews online & social media -Very few competitors in locality - Excellent recent upgrade with new fittings - Sizeable turnover from UberEat & Deliveroos.

Premises
Modern and recently refurbished two level premises with an area of 250 sq.mts.

Location
Situated on a busy street in front of bus stop in Northern Beaches.

Trading Hours
6 days - Mon. - Sat. - 1130 a.m. - 300 p.m. - 500 p.m. - 900 p.m.

Lease
Current lease expires Nov. 2025 + 7 year option. - 3.5% annual increases. - 3 months bond.

Employees
1 Manager + 3 fulltimers + 2 casuals

Comments
Vendor is willing to teach & transfer all recipes to the buyer. - The vendor has another restaurant in the City and is able to offer staffing & training to the new owner, if required. - Also the head-chef could stay in the business until 2020 (optional) - Net profit assumes 1 owner working full time and includes add-back of the Managers wage - Misc.- 1 - refers to Eftpos merchant facility bank fees. - Misc. - 2 - refers to UberEat & Deliveroo fees.
Figures
Weekly Sales $15600
Rent (ex GST) $2070
Wages $4200
Profit $3694

SBX Business Code: FQ1125J

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2014837114
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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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