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Bars - Function Area - Takeaway - Restaurant - Steakhouse - Under Management - Bar /Restaurant - Miranda Suit Any Concept - Sth Sydney - Wiwo - 427m2 200 Seats For Sale

Miranda, New South Wales, Australia
Asking Price:
$78,000 (AUD)
Sales Revenue:
$1,846,000 (AUD)
Cash Flow:
$175,448 (AUD)

Restaurant - Bars - Functions - Reopened in July 2020 - Selling fresh and generous portions of steaks, ribs and burgers as well as a wide variety of chicken, seafood, salads, fresh bread and vegetarian dishes - Fully licensed - Fully Equipped and state of the art well maintained open kitchen - On premise liquor license - 160 seats inside and 40 seats outside - Suitable for experienced and motivated purchasers, astute hands on operator or investors - Business name, website and recipes are not being sold or included in the sale. - This is a brilliant WIWO and not selling on figures. This is an opportunity for an experienced operator - Figures shown are the 2019 Jan- Dec average p.w.- Current January 2021 sales $20-$25K p.w. after a busy Christmas period

Potential
Open 7 days - Do some local marketing and advertising - Increase liquor sales - Could introduce coffee and breakfast especially on weekends - Suit an experienced owner operator and reduce the top end management / head office and labour costs

Features
Large Kitchen - Busy dining precinct - High foot traffic - Ideal for functions, events and parties - 427 m2 - Currently under management - Reluctant sale as family member is unwell - Stock purchase is optional (SAV if required)

Premises
This stylish, chic and well designed venue has high equipment value and has an area of 427 m2 and includes a large private dining area with indoor and covered outdoor seating

Location
Situated in a busy dining precinct in a busy shopping centre close to the cinema, retail, and other restaurants in the South of Sydney

Trading Hours
6 days - Lunch - Tues. - Sun. - !2 noon - 3.00 p.m. and dinner 5.30 p.m. - 9.30 p.m.

Lease
Current lease expires March. 2025 - 3.5% increases - 3 month bond

Employees
1 Manager - Full staff list will be provided as required after a meeting

Comments

Property Information

Location:

Situated in a busy dining precinct in a busy shopping centre close to the cinema, retail, and other restaurants in the South of Sydney

Business Operation

Expansion Potential:

Open 7 days - Do some local marketing and advertising - Increase liquor sales - Could introduce coffee and breakfast especially on weekends - Suit an experienced owner operator and reduce the top end management / head office and labour costs

Trading hours:

6 days - Lunch - Tues. - Sun. - !2 noon - 3.00 p.m. and dinner 5.30 p.m. - 9.30 p.m.

Employees:
1 Manager - Full staff list will be provided as required after a meeting
Years established:
2015

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