This is an incredible opportunity to take over a fully fit-for-purpose premises in the Eastern suburb’s most highly sought-after food precinct, The Spot Randwick, at just a fraction of the establishment costs.
Currently operating as a Sushi restaurant, this venue is extremely versatile and would suit any takeaway or intimate dining restaurant. There is a spacious commercial kitchen, ample storage, all new equipment, on-premise liquor licence and long lease in place.
The vendors have invested over $350,000 into the initial setup within the last 12 months and all DAs/permits are on-foot. With tangible assets worth over $280,000 (all still under warranty) and growing revenue, the business offers plenty of scope for a food retailer to take the reins in its current model or transform into a new concept.
Features
Highly sought-after location in Sydney's Eastern Suburbs
New fixtures and fittings valued at over $280,00
Long lease of 2 years + 3 years
Recent fit-out value of over $350,000
Versatile premises with fully equipped commercial kitchen
Liquor Licence and indoor/outdoor seating
4.9 star ranking on Google with all positive reviews
Low overheads and minimal staffing required
Premises
Annual Rent: $62,400
Term Options: 1.5 years + 3 years | Until 14/12/2026
Annual Increase: 3%
Seating Capacity: 16 indoor and 8 outdoor
What happens next?
This is a vendor sold-business, which means you will be dealing with the vendor directly. The vendor's contact details are in the IM, and the vendor will also immediately receive notification of your enquiry.
We have worked with the Vendor to prepare their business and information for sale so that the process will be transparent and beneficial for both the seller and buyer.
To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts.
Or for further details contact the team at MyBizSale.
