Restaurant - Greek Cuisine - Under Management - Greek cuisine - Inner West. - Takings $21,000 p.w.- Netting $5000 p.w. - G1783
Restaurant - Greek Cuisine - Under Management - Greek cuisine - Inner West. - Takings $21,000 p.w.- Netting $5000 p.w. - G1783
Industry :
Food/HospitalitySub Industry :
RestaurantAbout the business
Restaurant - Greek Cuisine - Under Management - Inner West - Agent SBX Code Number: G1783
Restaurant serving authentic traditional Greek Cuisine in the heart of a busy restaurant & cafe precinct in the Inner West. The meals are designed to share mezze style, they flow out from the kitchen sporadically rather than served as traditional entrees and mains. The kitchen serves up a modern take on Greek classics. - Fully licensed with an on premise license. - Fully equipped kitchen. - 55 seats inside and 40 alfresco / under cover seats outside.
Potential
Ideal for experience Greek owner operator to increase sales and reduce wages. - A new owner could easily trade 6 or 7 days per week. - Could open for lunch on Fridays & Weekends. - Could promote functions within the Greek community..
Features
Well established and well known Greek restaurant. - Great reputation. - Great location. - Great website. - Strong social media following. - Flexible indoor and outdoor seating arrangements. - Current Goggle Review at 4.7
Premises
This restaurant has an area of approx. 200 mts with a full commercial kitchen. The fit out & decor has a Greek Island / Mykonos vibe.
Location
Well located on a main road in the Inner West.
Trading Hours
5 days - Tuesday to Saturday 5 pm to 11 pm.
Lease
5 + 5 year lease commenced May 2021. - 3 months bond. - Annual Increases CPI.
Employees
1 Manager + 4 full timers + 7 casuals
Comments
Misc. - 1 - Other operational expenses. Please note - The managers wage has been taken out of wages and shown in net profit to assume that the purchaser will be an owner operator. Motivated vendor - staff are not aware of sale - please be discreet - A must to inspect. - Urgent sale- owner is willing to consider all offers.
Figures
Weekly Sales $21000
Rent (ex GST) $1490
Wages $7300
Profit $5098
Agent SBX Code Number: G1783 - 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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$225,000 + SAV
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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!
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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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