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Restaurateurs and indeed the world want more and more small cosy restaurants run by just a couple of people. People want to see those responsible do their stuff and feel as though they are personally welcome by the owners. Cooks can shine and waiters become friends. They don’t want the hassle of staff and want the freedom to enjoy life and all the while making a great living.
Sound too good to be true? We have been doing just this for the past 16 years in our internationally awarded [Australian French restaurant of the year out of Europe 2018 et alia] boutique 16 seat bistro working around 30 hours a week, travelling the world and playing golf.
My wife is the public face as front of house and I am the cook with no other staff and we have been lucky enough to have been ranked within the top 2% of restaurants globally.
This is a successful business running at a small percentage of its capacity because that’s our lifestyle balance choice. As it is successful, this makes any risk for an investor or working owners quite low but with immense opportunities to expand services into lunch and/or breakfast and/or catering etal.
Why sell? We need to do something else. 16 years is enough.
A hands off investor purchasing the business and staffing it could return about 25% just on current business levels and feel secure with ATO Bas validation, a physical replacement cost of circa $215,000, no leases, no trade debts and everything works.
The business is valued through and by the internationally recognised method of ‘capitalised future earnings’ on just current takings without figuring in the significant value of inherent opportunities.
We are busy nearly all the time but to provide some guidance the last 6 weeks prior to Christmas [we have been travelling the world since] proved revenue of circa $8,000 per week, COS at 27% and fixed expenses at circa $1,000 per week including rent and all in 30 hours!
And remember any extended hours over our chosen 30 will show a 70% nett profit as overheads are already accounted for. Increase business by say 10 people per week and take home another $700!
[Price and physical details on application with non disclosure agreement]
5 years left
$33,866 (AUD) per annum
High visibility sight on main road close to Melbourne CBD
Licensed for 30 inside / outside
Huge potential to expand into more services
No direct competition
16 years is enough!
Tuesday to Saturday dinner
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