Listing status: Inactive
Reason: --
Bar - Restaurant - Events - Music - Asian Cuisine - Bar - Restaurant - Asian - Music - Sales $30,000 p.w.- Coogee - Great location - SF1567
Bar - Restaurant - Events - Music - Asian Cuisine - Bar - Restaurant - Asian - Music - Sales $30,000 p.w.- Coogee - Great location - SF1567
Industry :
Food/HospitalitySub Industry :
RestaurantBar - Restaurant - Events - Music - Asian Cuisine - Eastern Suburbs - Agent SBX Code Number: SF1567
Restaurant - Dumpling Bar - Cocktail Bar - Function Room - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -New alfresco street-side seating area.
Potential
Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area
Features
Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road - Function Room upstairs is very popular
Premises
Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, function area, garden, rear lane access and large upstairs room and an area of 180 sq.mts.
Location
Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.
Trading Hours
7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.
Lease
Current lease expires Sept. 2025 - 4% increases - 3 month bond
Employees
1 owner + 3 full timers + 4-6 casuals as required
Comments
Misc.- 1 - Other General expenses and GST - Misc.- 2 - Outdoor Seating. - PSA License - Some of the equipment is owned by the landlord.- Current owners spent over $100k on upgrading the business. - This business is consistent all year round as it is popular with locals and has high foot and car traffic - A rare opportunity to buy a beach side business in a brilliant location. upstairs dining and function room, balcony and garden area. - No chef is required only cooks making it much easier to manage - Coffee machine is owned by the coffee company. Extra outdoor street seating approved with no extra cost - A must to inspect but please be very discreet. Price dropped!!
Figures
Weekly Sales $30000
Rent (ex GST) $4259
Wages $6500
Profit $7476
Agent SBX Code Number: SF1567 - SBX Business Brokers
SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$350,000
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These include:
Ensure the seller is 100% verified by us!
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Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
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Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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