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Restaurant business for sale in Newtown

  • Restaurant
  • Newtown NSW 2042
  • $348,000 (GST na)

SF1561 - Business For Sale - Restaurant Inner West near University - Nett $6,096 p.w.- Sales $32,500 p.w.

Restaurant - Takeaway- Under Management - Thai - Inner West
SBX Business Code: SF1561
Restaurant and takeaway serving fast and fresh Thai cuisine including entrees, noodles, stir fries, seafood, curries, street food and cold drinks. - Very high quality design fit out and presentation. - Large fully equipped kitchen with cool room and a combi oven. -Fully licensed. - 70 seats inside

Potential
An owner operator could further increase sales and profit and reduce wages - Could add coffee - Add outdoor seating (STA) - Do more home delivery

Features
Fantastic and highly sought location. - High foot traffic. - Very well established for almost 20 years. - Long lease. - Loyal clientele. - Profitable

Premises
Well set up and funky decor, this restaurant has vibrant wall art features, wooden tables, a large kitchen, 2 toilets, store room and has an area of 160 m2

Location
Well positioned on a busy main road in a trendy suburb with high foot traffic close to University, retail shops, cafes and restaurants in the Inner West and minutes from the CBD

Trading Hours
7 days and nights - Mon - Sun - 11 am - 10.30 pm

Lease
Current lease expires March, 2023 + 5 year option - 4% increases - 3 month bond.

Employees
1 Manager + 1 full timer + 3 part timers + 4 -6 casuals

Comments
Misc.- 1 - other general expenses and GST. - Currently run under management and Managers wage of $1200 p.w. has been removed from wages and shown in net profit as if for a owner operator. - This is a fantastic opportunity to purchase one of the most well known Thai restaurants and takeaways and very close to the university - This is not a Franchise and the business name is available by negotiation.- A must to inspect but please be very discreet and call your broker for more details.
Figures
Weekly Sales $32500
Rent (ex GST) $2674
Wages $9600
Profit $6096

SBX Business Code: SF1561

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015620263
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Category
Last updated  6 Sep 2019
Map for Newtown NSW 2042Newtown NSW 2042
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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