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Bar - Restaurant - Takeaway - Function Room - Asian Cuisine - Cocktail Bar - Restaurant - Asian Sales $30,100 P.W.- Coogee -Great Position For Sale

Coogee, New South Wales, Australia
Asking Price:
$398,000 (AUD)
Sales Revenue:
$1,565,200 (AUD)
Cash Flow:
$371,020 (AUD)

Restaurant - Dumpling Bar - Cocktail Bar - Function Room - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -New alfresco street-side seating area

Potential
Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area

Features
Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road - Function Room upstairs

Premises
Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, function area, garden, rear lane access and large upstairs room and an area of 180 sq.mts.

Location
Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Trading Hours
7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.

Lease
Current lease commenced Sept. 2019 - Expires Sept. 2022 + 3 year option - 4% increases - 3 month bond

Employees
1 owner + 3- 4 full timers + 6-8 casuals

Comments

Property Information

Location:

Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Business Operation

Expansion Potential:

Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area

Trading hours:

7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.

Employees:
1 owner + 3- 4 full timers + 6-8 casuals
Years established:
Nov 2018

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