Listing status: Inactive
Reason: --
Restaurant - Hungarian & European Cuisine - Well known - Trading for 40 years - 2 storey terrace. - G1756
Industry :
ProfessionalSub Industry :
BrokerageAbout the business
Restaurant - Hungarian & European Cuisine - Eastern Suburbs - Agent SBX Code Number: G1756
Restaurant serving authentic Hungarian and Eastern European cuisine. - Fully equipped kitchen in good condition with plenty of storage. - Has been trading for over 40 years and successfully trading nights only. - Fully licensed and the menu consists of an excellent range which includes favourites like the signature dish crispy roast duck with cherry sauce, matzo dumpling soup, veal goulash and a range of famous schnitzels accompanied by a selection of side dishes. - 55 seats downstairs - 20 seats upstairs in private dining area.
Potential
Could open for lunches or could trade all day as a cafe & a restaurant at night. - Could also easily convert to any other cuisine. -Potential to convert upstairs private dining area to accommodation for the owner if required. - Perfect for a couple or a family business. -Currently takeaway only for collection.
Features
Well known local icon. - Great corner location. - Has appeared on Food Safari. -Well established. - Regular local customer base. - Excellent financials.
Premises
This business is in a 2 storey terrace with private dining upstairs or can be converted to a residence if required.
Location
Well located on a prominent corner position on a busy Eastern Suburbs main road.
Trading Hours
6 days - Tues. - Sun. - 530 p.m - 1000 p.m
Lease
5 + 5 year lease commenced May 2021. - 3 months bond. - CPI increases.
Employees
1 owner + 2 chefs + 1 kitchen hand + 2 waitstaff
Comments
Misc.- 1 - General expenses. - The figures being shown are a weekly average of the 2021 FY P&L from the accountants report.
Figures
Weekly Sales $12203
Rent (ex GST) $1633
Wages $2462
Profit $3454
Agent SBX Code Number: G1756 - 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
$165,000
Enquire about this business
Get In Touch :
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.
Similar Listings
BCMC Safety Solutions Franchise Opportunities - Australia-Wide
REVENUE
$0
PROFIT
$0
ASKING PRICE
$50000
ONGOING DEALS
0
Smoke Alarm Compliance Franchise Opportunity - ACT
Australian Capital Territory,Australia
REVENUE
Contact Advertiser
PROFIT
$0
ASKING PRICE
Contact Advertiser
ONGOING DEALS
0
Smoke Alarm Compliance Franchise Opportunity - AUS
Victoria,Australia
REVENUE
Contact Advertiser
PROFIT
$0
ASKING PRICE
Contact Advertiser
ONGOING DEALS
0