Indian – Japanese – Restaurant – Takeaway – Bar – Under management

For Sale

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Far North Coast NSW

Business Code: T3011

+ Estimated Stock (SAV) $10000
Key Features: Fantastic fit-out. - Licensed bar and two separate seating areas. - Replacement cost would exceed $250,000 - Short trading hours.
State: NSW
Suburb: Kingscliff
Location: Prime coastal position in a village atmosphere with excellent exposure to both locals and holidaymakers in Far North NSW close to the Gold Coast.
Premises: The restaurant has an area of approximately 80 sq. mts.
Price not disclosed

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Operating a total of 4 food businesses and now retiring after 20 years.

Sale Reason

06.2019

Established

Penty of immediate off street parking very close to restaurant.

Parking

3 full-time staff + 5 casuals + 2 junior dish hands as required.

Employees

6 days - Tuesday to Friday: 5 pm to 9 pm. Saturday & Sunday: 12 pm to 2.30 pm. and 5 pm to 9 pm. Closed Monday

Trading Hours

Current lease expires 31.10.2030 - 3% annual rental increases - $20,000 bond.

Lease

Can change to Japanese Cuisine subject to landlord appro – Well-established and highly regarded Indian restaurant, serving an extensive menu of seafood, chicken, and lamb dishes, complemented by fresh salads, house made traditional desserts, and beverages. Featuring a fully licensed bar with beer on tap, ice machine, glass washers x 2,3 door and 2 doors under bench drink fridges, a large storeroom fitted with shelving and wash basin, the restaurant delivers a complete dining experience alongside a quality takeaway service that ensures strong demand from both locals and visitors. No expense has been spared on the kitchen fit out, with three under-bench fridges, a walk-in cool room, 2 under-bench freezers, and two authentic Indian tandoor ovens 6 burner gas top cooker and deep fryer included. The restaurant offers a welcoming atmosphere with fully covered 55 seats plus additional seating adjacent to the bar in the main dining area. Please do not approach the owners or staff of the business under any circumstances. Simply lease with your SBX Broker an appointment to view.

Features

Fantastic fit-out. - Licensed bar and two separate seating areas. - Replacement cost would exceed $250,000 - Short trading hours.

Potential

Significant upside exists for hands-on owner-operators, as the current owners do not work in the business at all. An engaged operator could drive sales further through expanded takeaway, Uber pick up and delivery, on line orders, and delivery services. To trade 7 nights and days.

Comments

With an established reputation of excellence and convenient dining options, the business is firmly positioned to continue growing. - Profit shown is for two working owners running the business.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$15000
Cost of Goods
$5100
Gross Profit
$9900
Rent
$1615
Wages
$4000
Telephone
$80
Insurance
$85
Electricity
$570
Misc 1
$399
Total Expenses
$7400
Estimated Stock
(Additional)
$10000
Net Profit
$2500
Price
$98,000
+ Estimated Stock (SAV) $10000
Price
$98,000
+ Estimated Stock (SAV) $10000

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