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Restaurant - Home Style Steakhouse - Steakhouse- Home Style Restaurant - Almost Brand New -South West Sydney For Sale

Sydney, New South Wales, Australia
Asking Price:
$149,000 (AUD)
Sales Revenue:
$473,200 (AUD)
Cash Flow:
$73,060 (AUD)

Steakhouse restaurant which has an open airy ambiance with all amenities and finishings in sparkling condition. This 50 seat fully licensed restaurant serves a menu full of Australian favourites from mouth watering steaks through to ribs and even pub classics like chicken parmigiana. The restaurant was opened brand new in May 2021 after a $350,000 shop fit and has regularly turned over $12,000 per week during 2022. The kitchen is large and well appointed with near new equipment including Goldstein bbq grill, deep fryers, large stove, combi oven, large exhaust system and ample refrigeration and prep areas. Recipes and training will be provided or alternatively a cuisine change could be implemented by a new owner if desired. A genuine forced sale due to the ill health of one of the partners.

Potential
Introduce coffee. - Enhance instagram and promote further on Facebook with paid posts targeting the local market. - Increase marketing for private functions.

Features
Near new shop fitout with nothing to spend. High quality large kitchen. - Good reputation with high google ratings. - Simple cuisine to master.

Premises
Near new $350,000 shop fit is airy and homely with deluxe kitchen totalling 135 sq m.

Location
Situated on a suburban street strip with good visibility near busy shopping centre in South Western Sydney

Trading Hours
7 days - Monday to Friday 5 pm to 9.30 pm. Saturday & Sunday 12 noon to 9.30 pm.

Lease
Current lease till November 2024 with a 2 year option. 3 month bond and 3% annual increases.

Employees
2 full-time owners + 1 full-time kitchen hand + 1 part-time chef and assistant chef + 3 casuals.

Comments

Property Information

Location:

Situated on a suburban street strip with good visibility near busy shopping centre in South Western Sydney

Business Operation

Expansion Potential:

Introduce coffee. - Enhance instagram and promote further on Facebook with paid posts targeting the local market. - Increase marketing for private functions.

Trading hours:

7 days - Monday to Friday 5 pm to 9.30 pm. Saturday & Sunday 12 noon to 9.30 pm.

Employees:
2 full-time owners + 1 full-time kitchen hand + 1 part-time chef and assistant chef + 3 casuals.
Years established:
May 2021