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Fully Managed Licensed Restaurant Northern Beaches 35K revenue

Newport NSW, ID 286803

Fully Managed Licensed Restaurant Northern Beaches 35K revenue 1
Fully Managed Licensed Restaurant Northern Beaches 35K revenue 1
Asking price:
AUD$480 000
Owner
Private Person

Сontact with me Private Person

Description

Fully Managed Restaurant in Sydney's Northern Beaches for SaleWith approximately 80 seats, a liquor licence and established weekly revenue, this hospitality business offers an established operation with experienced staff, systems and infrastructure already in place.Trading is particularly strong during the summer months, with the Northern Beaches location benefiting from increased seasonal activity and strong weekend demand.Highlights* Revenue approximately $25,000-$35,000 per week, depending on season* Strong summer and weekend trade* Fully managed day-to-day operation* Owner primarily responsible for administration* Approximately 80 seats* Licensed premises* Secure 4 + 5 year lease* Base rent $3,070 + GST per week* Cost of goods approximately 28%* Wages approximately 30% of revenue* Established for approximately 11 years* Cool room, grease trap and commercial ventilation* On-site amenities* No equipment finance* No restrictions on tradingFurther Growth PotentialThe business is already generating substantial revenue without requiring significant day-to-day involvement from the owner.An experienced hospitality operator who takes a more active role could further increase revenue, improve operational efficiencies and maximise the stronger summer trading periods.The existing premises, liquor licence, equipment and established operation also provide a strong foundation for a purchaser seeking to introduce a new concept or further develop the existing business.This is an established Northern Beaches hospitality business with proven turnover, an experienced operating structure and further potential for growth.Strictly confidential. Business identity, exact location and additional financial information will only be disclosed to qualified purchasers following completion of a confidentiality agreement.

Details

Real Estate: Lease
Asking price: 480 000 aud
Rent (per year): 36 840 aud

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