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Restaurant business for sale in Coogee

  • Restaurant
  • Coogee NSW 2034
  • $448,000 (GST na)

SF1567 - Business For Sale - Restaurant Cocktail Bar - Asian cuisine - Eastern Suburbs beach - Sales $27,200 p.w.

Bar - Restaurant - Takeaway - Asian Cuisine - Eastern Suburbs
SBX Business Code: SF1567
Restaurant - Dumpling Bar - Cocktail Bar - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -

Potential
Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme

Features
Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road -

Premises
Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, garden, rear lane access and large upstairs room and an area of 180 sq.mts.

Location
Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Trading Hours
7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.

Lease
Current lease commenced Sept. 2019 - Expires Sept. 2022 + 3 year option - 4% increases - 3 month bond

Employees
1 owner + 4 fulltimers + 6 -8 casuals

Comments
Misc.- 1 - Other General expenses and GST - Misc.- 2 - Outdoor Seating. - PSA License - Some of the equipment is owned by the landlord.- Current owners spent over $100k on upgrading the business. - This business is consistent all year round as it is popular with locals and has high foot and car traffic - A rare opportunity to buy a beach side business in a brilliant location. upstairs dining and function room, balcony and garden area. - No chef is required only cooks making it much easier to manage - Coffee machine is owned by the coffee company - A must to inspect but please be very discreet.
Figures
Weekly Sales $27200
Rent (ex GST) $4500
Wages $7300
Profit $4265

SBX Business Code: SF1567

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015750909
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Category
Last updated  13 Oct 2019
Map for Coogee NSW 2034Coogee NSW 2034
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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