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Restaurant business for sale in Chippendale

  • Restaurant
  • Chippendale NSW 2008
  • $118,000 (GST na)

SF1363 - Business For Sale - Restaurant Sales $15,100 p.w. - Heritage Building - Corner position - Ideal Tapas Bar - Est. over 40 years

Restaurant - Bar - Pizzeria- takeaway - Under Management - Sydney City Fringe
SBX Business Code: SF1363
Restaurant - takeaway - pizza serving authentic Italian food cooked fresh daily for lunch, dinner and takeaway. - Suitable for groups, parties and celebrations. - Very good trade in takeaway pizzas. - Fully licensed with a large bar - Full kitchen - 50 seats inside and 6 seats outside.

Potential
Open in the day as a cafe as lots of potential for this - Advertise and promote lunches and expand functions - Open more hours - Open on Saturday and Sunday for lunch - This business would make an ideal bar - Suit any cuisine or tapas bar. - Would also suit a motivated new owner or couple

Features
Fantastic corner position - Very well established business for over 40 years - Loyal clientele - Popular Saturday market nearby - Lots of foot traffic - Under Management

Premises
Heritage building with a full bar, reception area, toilets, storage area and an area of 180 sq. mtrs.

Location
Situated near theatres, university, markets, businesses and in a high density residential area in the City fringe.

Trading Hours
5.5 days - Mon. - Fri. - 11 a.m - 3 p.m. - 5 p.m. - 10 p.m. - Sat. - 5 p.m. - 10 p.m.

Lease
Current lease expires Jan .2021 + 5 + 5 year options - C. P.I. increases - 3 month bond

Employees
1 Manager + 2 fulltimers + 6 casuals

Comments
Misc 1 Other general expenses - 2. Outdoor seating - A new business park will be constructed nearby attracting new customers in the future - The managers wage 0f $800 p.w. has been removed from wages and shown in net profit! - A must to inspect but please be discreet
Figures
Weekly Sales $15100
Rent (ex GST) $1500
Wages $4300
Profit $3595

SBX Business Code: SF1363

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2013538911
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Category
Last updated  19 May 2019
Map for Chippendale NSW 2008Chippendale NSW 2008
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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