Restaurant – Indian Cuisine – Takeaway – Under Management – Bar

For Sale

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Lower North Shore

Business Code: SFD1038

$159,000.00
+ Estimated Stock (SAV) $10000
Key Features: Locally popular Indian Restaurant for last 20 years - Very well known with an excellent reputation - Good regular customer base - Very well equipped kitchen - No competition - Licensed
State: NSW
Suburb: McMahons Point
Location: Situated in a prime street front location and surrounded by businesses, shops, offices, hotel, and residences in Lower North Shore Sydney.
Premises: Glass frontage, recently renovated - top of the class interior and furniture with an area of 150 sq. mts. Excellent outdoor ambience. Featured in local papers.
Price not disclosed

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Other business interests.

Sale Reason

2000

Established

Street Parking

Parking

2 fulltimers + 4 casuals

Employees

7 days - Lunch - 11.30 a.m. - 3 p.m. - Dinner - 5 p.m. - 9 p.m. - Weekend opens for breakfast 7.30 a.m. -11.30 a.m.

Trading Hours

Current lease expires in Feb. 2025 + 5 years option - 3 months bond - 3% rent increase per annum

Lease

Licensed Restaurant serving fine dining Indian cuisine -Takeaway – recently renovated – fully equipped kitchen with oven, tandoor, cool room, freezer, display fridge, cool bar and has been perfectly designed to cater for a large volume turnover – Caters for functions and special occasions – equipped with all systems – POS, Internet, music, A/C, Smart AI built in website, visual window display monitor and security camera. – 50 seats inside – 20 seats outside. – Delivery through Uber Eats, Menu log, Deliveroo, Door Dash and own online web delivery platform. – Licensed and BYO – Winner of Travellers Choice Award 2021

Features

Locally popular Indian Restaurant for last 20 years - Very well known with an excellent reputation - Good regular customer base - Very well equipped kitchen - No competition - Licensed

Potential

Further promote breakfast and lunch, good for an owner operator to save on wages - State of art equipment - Ready to start as a restaurant chain.

Comments

Misc.- 1 - Other general expenses - Ideal for owner, couple or family team to save on wages. - Nothing to spend - vendor is happy to transfer the business name - All interested buyers must arrange a meeting with the vendor through their SBX broker and must not speak to any staff on site - A must to inspect but please be discreet.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$18000
Cost of Goods
$4620
Gross Profit
$13380
Rent
$2000
Wages
$6500
Telephone
$20
Insurance
$55
Electricity
$246
Misc 1
$1224
Total Expenses
$10200
Estimated Stock
(Additional)
$10000
Net Profit
$3180
Price
$159,000.00
+ Estimated Stock (SAV) $10000

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