$250,000 + Sav | Under Management Sydney Restaurant Mbs-2474

Looking for an exciting opportunity to own a thriving hospitality business? Look no further!

This highly regarded and profitable restaurant is now available for sale, offering an excellent chance for a hospitality professional to take it to the next level.

This restaurant boasts impressive annual profits of circa $100,000 p.a. (FY24) despite the owner living interstate and not being actively involved in the business.

Located in a prime position with high foot traffic, this successful restaurant boasts a lively and fun atmosphere within an industrial yet vibrant setting, providing a truly unique dining experience for its customers.

The business has a strong online/social media presence, showcasing its delicious food and easily identifiable brand, providing a strong foundation for continued growth and expansion.

The business has numerous opportunities for growth, including extending opening hours and expanding catering and delivery services. Currently trading only 6 days per week for dinner, the business has a significant opportunity to increase its revenue / net profit by extending its operating days to 7 days a week and offering lunchtime trade.

The restaurant has a highly experienced and dedicated team in place, ensuring a seamless transition of ownership and continued success for the new owner.

Features

Successfully run under management (owner lives interstate)
Averaging revenue of $16,733 per week (FY24)
Excellent reputation and online presence
Highly experienced and dedicated team
Desirable location
Growth opportunities

FY24 Financial Summary

Net Revenue: $870,000
Cost of Goods: $307,520
Gross Profit: $562,614
Adjusted Expenses: $476,477
EBITDA/Net Profit: $100,464

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