$575,000 BONDI'S TOP RESTAURANT | UNDER MANAGEMENT | $1.5M T/O | $300K PROFIT

For Sale: $575,000





Business Overview

Bondi’s No.1 Dining Venue is now for sale!


This fully managed venue has established itself as one of Bondi’s most iconic and highly recognised brands.


With revenue increasing by 16% during COVID restrictions and beaches now opening up in the lead up to summer, there is no better time to get into a business like this. Consistently strong profits every year with no substantial decrease in the winter month, a loyal client base, and a strong presence on delivery partner apps, FY22 has already kicked off with record numbers.


Over 5 years remaining on the existing lease and a strong professional team in place. All recipes, procedures, and IP will be transferred, and extensive training will be provided if required.



Features

  • High turnover of approx $1.5M in FY21

  • Fully Managed Venue with Professional Team in Place

  • NET Profit of 20% | Circa $300,000

  • Fair market rent of $125,000 +GST | Only 8.4% of Turnover

  • Increased revenue year on year | 16% up on FY20 with reducing COGS %

  • On-Premise Liquor Licence





Financials

  • Revenue: $1,480,381

  • Expenses incl COGS: $867,081

  • Wages incl Super: $315,752

  • Net Profit/EBITDA: $297,548


Reference FY21 Prepared Accounts








The Premises

  • Annual Rent: $125,000

  • End of Lease Term: 31/03/2027

  • Term Options: 5.5yrs

  • Annual Increases: 3%











Buying a business is easy with Vision



"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process."


Daniel Kogan

Senior Partner

Licensed Business Broker


e: daniel@vbaaustralia.com.au

m: 0401 620 918

t:   (02) 8923 2632




The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained in this business.