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Restaurant Food/Hospitality Business

Newtown 

Sold on 14 Feb 2017
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    Restaurant Food/Hospitality Business in Newtown

    Business for Sale - Recently Fitted Bar & Restaurant - Finance Options Available

      Summary
      Suitable for a cafe or restaurant, (there is an on premises liquor license). New fit-out 6 months ago which cost approximately $45,000. An additional $40,000 of furniture and equipment purchased.

      Location Details
      Located in the thriving suburb of Newtown. just a short walk from two major train stations. Being in the centre hub of Newtown, there is no shortage of foot traffic.

      Potential
      This site boasts potential!

      • Finance options available (enquire with broker)
      • Near new fit-out
      • Near new equipment
      • Premise liquor license
      • Currently seats 60 with potential to expand to 100

      All around great asset with huge potential to re-brand and begin trading.

      Lease
      Current lease will be assigned to the buyer.
      Current existing lease is 3+3.

      Employees
      2x Casual staff

      About the Business:
      Currently running a northern European menu, however would benefit from a mainstream and revitalized menu. Operating 4 days per week, it would be recommended to begin normalized trading of 5+ days.

      The business underwent a complete $45,000 fit-out 6 months ago which included a full resupply of equipment and overall stock valued at about $40,000.

      The Premises itself is substantial in size and extremely well positioned, benefiting from local foot traffic and close proximity to two major train stations.

      A few facts about the business:

      • Finance Options Available (Enquire with Broker)
      • New fit-out costing $45,000, 6 months old
      • Near equipment and stock worth $40,000, 6 months old
      • Asset is ideal for re-branding and is ready to begin trading
      • Premises has Liquor License

      For further information or data room access please fill out an expression of interest here or contact:
      - Matthew Holland - matthew.Holland@raywhite.com on 0425 223 629
      - Chris King - chris.king@raywhite.com on 0403536246

      Disclaimer: Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners. Finance subject to approval by lender.

      Categories:

      Restaurant, Cafe/Coffee Shop, Alcohol/Liquor