For Sale $155,000
Property Details

For Sale $155,000
Description

Eastern Suburbs Restaurant with courtyard setting

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This well known business in the heart of the Eastern Suburbs has been established for just over a year and was opened by the current owner. There are approx. 16 seats outside and 26 inside the restaurant which is approx. 75 square metres.

Sales are consistent with current weekly takings averaging around $11k per week.

At the moment the restaurant only trades at night and there is potential for breakfast and lunch trade.

The establishment is one of the only food businesses in the area to have an outside seating space in Darlinghurst, and it has quickly become a favourite spot for the locals.

The premises is fully licensed, and the business owner has also attached a PSA to it.

The restaurant has recently undergone a major refurbishment and there is nothing left for a new owner to do, the business is a “turn key operation”.

Due to family circumstances one of the current owners is no longer able to work in the business and the other wants to move to his second establishment on a full-time basis. This has resulted in the current opening hours having to be shortened and the business is currently now being run only for the night trade.

***Please note that the images used in this advert are generic and not of the actual business.

Property Features
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Years Est


Years With Current Owner


Staff No
4 Staff in total including a full time manager, one chef, one kitchen hand and bartender

Lease Info
The 2x2x2 year lease commenced in June 2017. - CPI. increases – A 3-month bond is required

Trading Times
Mon – Sat : 4pm to 12.00 midnight
Sun : 4pm to 10pm


Size of Premises
75 square metres. - Full commercial kitchen. Outdoor seating area.

Opportunity

The business trades only at night at the moment. The unique outside seating area really makes a difference to an already gorgeous set up.
The business is a perfect opportunity for a first time operator as it only requires limited staff and is easily managed on a day to day basis.



Note to buyers

This business is being sold by the owner with our support through our Six Steps to Sale Program this means that you will be dealing directly with the seller. GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

 



Seats Inside


Seats Outside


Stock Value