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CONTACT VISION

(02) 8923 2632

info@vbaaustralia.com.au

Level 32/ 101 Miller Street
North Sydney, NSW 2060

 © Copyright VBA 2019 All rights reserved

$380,000 BUSY EASTERN SUBURBS LICENSED RESTAURANT

For sale: $380,000






Business Overview


This fully managed iconic restaurant serving Asian style cuisine is the ultimate investment opportunity. Established just over 20 years ago with only one owner, it is renowned throughout the greater Sydney area and frequented by many of Australia's top foodies.


Located in the heart of the Eastern Suburbs, this business is fully managed, highly profitable and will be very much sought after in the market, so enquire now before you miss out on this once in a lifetime opportunity.







Features


Fully-Managed business

Long term of 2+5 yrs

Indoor and outdoor seating

Multiple revenue streams via sit down dining, delivery / take away and bar

Established for over 20 years in the heart of the Eastern Suburbs

Great street positioning and loyal customer base

Active Database of over 6,000 people

Sub-Leased adjoining cafe with secure tenant





Financial Summary



Revenue: $ 1,356,383

Cost of Goods: $ 482,394

Rent: $ 119,600

Expenses: $ 102,777

Wages incl Super: $ 447,606


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Annual EBITDA/Net Profit: $ 204,006

Annual PEBITDA: $ 269,706



Premises




Lease: Ends on December 2025

Rent: $171,600 Less Subleased Cafe: $52,000

Seating Capacity: 120 internal, 30 external







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

(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 on this business

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