Listing status: Inactive
Reason: --
Fish & Chips - Seafood - Takeaway - Restaurant - Seafood - takeaway - Iconic - $28,000 sales p.w - Priced to sell - SFG1042
Fish & Chips - Seafood - Takeaway - Restaurant - Seafood - takeaway - Iconic - $28,000 sales p.w - Priced to sell - SFG1042
Industry :
Food/HospitalitySub Industry :
Takeaway FoodFish & Chips - Seafood - Takeaway - Restaurant - North West Sydney - Agent SBX Code Number: SFG1042
Seafood - fish and chips - takeaway. Iconic landmark seafood takeaway business has served quality takeaway offerings for over 30 years and the owner now wishes to retire. Situated in a heritage building in a weekend destination precinct, the business boasts outdoor seating for 48, plus an internal function room, a traditional fish and chip counter area with full view open galley kitchen, and a reputation that is second to none. Unique frying system gives this business a competitive advantage in being able to produce more food more quickly than similar operations. This means higher gross takings and higher profits. Limited opposition with excellent nearby facilities such as a park and a hotel enhancing the businesss overall attractiveness.
Potential
Develop website. - Promote via social media. - Utilise instagram. - Market to new residential developments.
Features
Location, Location, Location - Unique presentation. - Indoor and outdoor seating. - Long established local landmark - No direct competition. Good gross profit margin.
Premises
Magnificent free standing two storey heritage listed 1902 building with alfresco and internal dining and open cooking area totalling 120 sq. mts.
Location
Prime central location in busy historic town square with high foot traffic and near the river in North Western Sydney.
Trading Hours
7 days. Monday to Sunday 11 am to 8.30 pm
Lease
Current lease term expires 31/10/25 + 5 year option - 4% increases p.a. - 3 month bank guarantee.
Employees
1 owner part-time + 13 casuals
Comments
Misc.- 1 - All sundry expenditure as per financial statements. - Misc.- 2- GST. - Very rare opportunity to purchase a destination seafood outlet with amazing eye-catching presentation. - Highly profitable and successful operation for a continuous 29 year period. - First time offered. - Financials are available evidencing very solid profit - Suitable for single owner, family, partnership or investment under management.
Figures
Weekly Sales $28000
Rent (ex GST) $3800
Wages $7000
Profit $5270
Agent SBX Code Number: SFG1042 - 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.
View other listings by this business
$195,000
Enquire about this business
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
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!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
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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