Restaurant – Turkish Cuisine – Bar – Takeaway

For Sale

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Melbourne North

Business Code: GNGDS1010

$695,000.00
+ Estimated Stock (SAV) $7000
Key Features: No competition - Popular with locals - Newly renovated. - Successful restaurant
State: VIC
Suburb: Niddrie
Location: Situated in the centre of a shopping strip of retail outlets, banks, eateries, bars and cafes on busy main road in Melbourne North.
Premises: Newly renovated restaurant with extended kitchen, full bar, cool room, storage room, rest rooms, rear entry and an area of 220 sq. mts.
Price not disclosed

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Retirement and family travel.

Sale Reason

April, 2014

Established

4 private car spaces at rear plus street parking

Parking

2 owners + 2 fulltimers + 1 casual weekdays and 2 extra casuals on weekends.

Employees

6 days - Tues. - Wed. - 5 p.m. - 10 p.m. - Thurs. - Sun . - 10 a.m. - 10 p.m. - Closed Mon.

Trading Hours

15 year lease commenced April, 2014 - C.P.I increases. - Bond $20k

Lease

Restaurant serving Turkish cuisine including home cooked recipes with some secret herbs and spices. – Offering some unique dishes like claypot oven baked beef, back strap kebab, full ottoman style Turkish breakfast platters, hand made gozleme to order along with a wide variety of homemade sweets including baklava all made daily on site. – Huge range of imported wines and spirits direct from Turkey to accompany this plentiful menu. – 70 seats outside – 30 seats inside.

Features

No competition - Popular with locals - Newly renovated. - Successful restaurant

Potential

Extend hours due to popular demand - Introduction to a new seafood menu about to launch will increase profits offering wider variety.

Comments

Online ordering with Ordermate for pick ups and Uber Eats for delivery services earning approx $2500 per week included in the weekly takings.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$33000
Cost of Goods
$9900
Gross Profit
$23100
Rent
$1450
Wages
$6500
Telephone
$50
Insurance
$100
Electricity
$350
Misc 1
$50
Total Expenses
$8800
Estimated Stock
(Additional)
$7000
Equipment
(Included)
$100000
Net Profit
$14300
Price
$695,000.00
+ Estimated Stock (SAV) $7000
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