Restaurant - Takeaway - Mediterranean - CB1517

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$330,000

Description

Restaurant, beautifully presented and established for over 10 years, offering a delicious choice of authentic Mediterranan cuisine for lunch and dinner, with takeaway also available. The comprehensive Greek -themed menu offers a wide choice of starters including spanakopita, meze plate, feta and olive plate, melinzana stack and dips, with lunch and dinner menus presenting a mouth-watering selection of popular seafood, meat, salads and vegetarian options,with desserts rounding out the dining experience. A well equipped bar offering cocktails, wines, spirits and beers is complemented by coffee and other beverage choices. There is a strong demand for catering throughout the year, with UberEats available. The kitchen is modern and well presented and features 6 burner gas stove and oven, deep fryers and large coolroom, and ample fridge and freezer capacity.

Potential

The restaurant currently offers a Mediterranian themed cuisine but easily lends itself to other styles of cuisine if desired, as the decor is essentially neutral.

Features

Great location - Strong local support - Long established - Excellent ratings - Very popular menu selections available, with the takeaway options also enjoying considerable support.

Premises

Delightful light - filled premises, refurbished in 2023, with a vibrant decor, an excellent well equipped kitchen and ample storage including a basement area and a total area of 100 sq.mts.

Location

Prominent location in busy shopping complex in iconic NW Sydney outer suburb.

Trading Hours

6 days - Tuesday: 5.30 pm to 9.00 pm. Wednesday & Thursday: 12.00 pm to 2.30 pm. & 5.30 pm to 9.00 pm. Friday to Sunday: 12.00 pm to 2.30 pm. & 5.00 . pm to 9.30 pm. Closed Monday.

Lease

5 + 5 + 5 years lease commenced May 2021 - CPI increases - Bond 3 months.

Employees

2 owners + 1 full time chef + 8 casuals.

Comments

Misc.- 1 - Sundry kitchen items - Misc.- 2 - IT and software ($100) Linen ($40) Waste disposal ($40) - 2 Group coffee machine included in sale - Owners wage added back to reflect buyer / operator.

SBX ID

CB1517

Figures
  • Takings: $17240/week (GST)
  • Cost of Goods: $4515
  • Gross Profit: $12725
  • Rent: $1620
  • Wages: $5700
  • Outgoings: $20
  • Telephone: $100
  • Insurance: $170
  • Electricity: $375
  • Misc 1: $175
  • Misc2: $180
  • Total Expenses: $8340
  • Nett Profit: $4385
  • Equipment (Included): $175000
  • Estimated Stock (Additional): $10000
  • All other values ex GST
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