Restaurant – Greek Cuisine – Under Management

For Sale

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Inner West

Business Code: G1783

$225,000
Key Features: Well established and well known Greek restaurant. - Great reputation. - Great location. - Great website. - Strong social media following. - Flexible indoor and outdoor seating arrangements. - Current Goggle Review at 4.7
State: NSW
Suburb: Petersham
Location: Well located on a main road in the Inner West.
Premises: This restaurant has an area of approx. 200 mts with a full commercial kitchen. The fit out & decor has a Greek Island / Mykonos vibe.
Price not disclosed

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Owner must travel overseas for family health reasons.

Sale Reason

2021

Established

Street parking

Parking

1 Manager + 4 full timers + 7 casuals

Employees

5 days - Tuesday to Saturday: 5 p.m to 11 p.m.

Trading Hours

5 + 5 year lease commenced May 2021. - 3 months bond. - Annual Increases CPI.

Lease

Restaurant serving authentic traditional Greek Cuisine in the heart of a busy restaurant & cafe precinct in the Inner West. The meals are designed to share mezze style, they flow out from the kitchen sporadically rather than served as traditional entrees and mains. The kitchen serves up a modern take on Greek classics. – Fully licensed with an on premise license. – Fully equipped kitchen. – 55 seats inside and 40 alfresco / under cover seats outside.

Features

Well established and well known Greek restaurant. - Great reputation. - Great location. - Great website. - Strong social media following. - Flexible indoor and outdoor seating arrangements. - Current Goggle Review at 4.7

Potential

Ideal for experience Greek owner operator to increase sales and reduce wages. - A new owner could easily trade 6 or 7 days per week. - Could open for lunch on Fridays & Weekends. - Could promote functions within the Greek community..

Comments

Misc. - 1 - Other operational expenses. Please note - The manager's wage has been taken out of wages and shown in net profit to assume that the purchaser will be an owner operator. Motivated vendor - staff are not aware of sale - please be discreet - A must to inspect. - Urgent sale- owner is willing to consider all offers.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$21000
Cost of Goods
$5500
Gross Profit
$15500
Rent
$1490
Wages
$7300
Telephone
$25
Insurance
$120
Electricity
$500
Misc 1
$700
Total Expenses
$10402
Equipment
(Included)
$40000
Net Profit
$5098
Price
$225,000
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