Restaurant - Greek Cuisine - Under Management - G1783

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$175,000

Description

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 p.m to 11 p.m.

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 manager's 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.

SBX ID

G1783

Figures
  • Takings: $21000/week (GST)
  • Cost of Goods: $5500
  • Gross Profit: $15500
  • Rent: $1490
  • Wages: $7300
  • Outgoings: $167
  • Telephone: $25
  • Insurance: $120
  • Electricity: $500
  • Gas: $100
  • Misc 1: $700
  • Total Expenses: $10402
  • Nett Profit: $5098
  • Equipment (Included): $40000
  • All other values ex GST
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