Listing status: Inactive
Reason: --
Under Management - Restaurant - Takeaway- Thai - Sydney Westfield CBD - Thai - Positioned in a premium food court location - SF1464
Industry :
ProfessionalSub Industry :
BrokerageUnder Management - Restaurant - Takeaway- Thai - Sydney CBD - Agent SBX Code Number: SF1464
Takeaway - Restaurant currently serving fast and fresh Thai cuisine including entrees, noodles, stir fries, seafood, curries, street food and cold drinks. - Very high quality design fit out and presentation - Open style kitchen featuring large exhaust, char grill, 6 wok burners, deep fryer, and pasta/noodle cooker - 18 private bench seats and over 100 food court seating. - A full upgrade completed in 2019 with over $100K spent. Pre Covid Sales approx $35-$40Kp.w. - Current sales in 2022 approx $15K p.w and increasing - 30% rent relief between till June 2022 and the full rent is $8,203 p.w. - $2,460 = $5,743 p.w. ex gst is the current rent vendor is paying - Rent reductions may continue in 2022 by negotiation for a new buyer
Potential
Great opportunity to get a top position in an up market food court in the CBD- Expand catering - An owner operator could further increase sales and profit and reduce wages - Potential for liquor license (STA). -Food delivery contractors are used and this is very popular.
Features
Fantastic and highly sought location - High foot traffic - Prime CBD food court location - A new ordering mobile App with specials throughout the week increases sales and brings in new customers. - Lots of tourists.- Well established
Premises
Fantastic looking premises with good menu signage, storage and a private dining section with an area of 72 m2.
Location
Prime foodcourt location in one of the best Westfield shopping centres in Sydney CBD surrounded by other retail, commercial offices and very well known food outlets.
Trading Hours
7 days - Mon. - Sun. - 11 a.m. - 7 p.m. - Thurs. - 11 a.m. - 9 p.m.
Lease
Current lease expires April, 2025 - 5% Increases - 3 month bond.
Employees
1 Manager + 3 full timers + 2-3 part timers+ 1-3 casuals
Comments
Misc.- 1 - Other general expenses and GST. - Currently run under management and Managers wage is $1200 p.w. - This is a fantastic opportunity to purchase one of the most well known takeaways & restaurants in the CBDs premium position with plenty of passing foot traffic both throughout the week, and on weekends This is not a Franchise and the business name is available by negotiation. - A full upgrade completed in 2019 with over $100K spent - Motivated vendor and priced to sell!!
Figures
Weekly Sales $15000
Rent (ex GST) $5743
Wages $0
Profit $0
Agent SBX Code Number: SF1464 - 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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$120,000
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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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