Bar - Restaurant - Takeaway - Function Room - Asian Cuisine - Cocktail Bar - Restaurant - Asian Sales $32,200 P.w.- Coogee - Net $8,005 Pw

Business For Sale Coogee, New South Wales 2034

Business Category Restaurant

$450,000

Description

Bar - Restaurant - Takeaway - Function Room - Asian Cuisine - Cocktail Bar - Restaurant - Asian Sales $32,200 P.w.- Coogee - Net $8,005 Pw

Bar - Restaurant - Takeaway - Function Room - Asian Cuisine - Eastern Suburbs - Agent SBX Code Number: SF1567

Restaurant - Dumpling Bar - Cocktail Bar - Function Room - Currently serving all types of dumplings, bao buns, stir fries, rice dishes, salads. - Fully licensed with a PSA license and perfect for a cocktail, drink or a great meal with focus on fresh produce. - Full kitchen with cool room, 8 burner gas oven and a char-grill - 94 seats inside and 8 seats outside -

Potential
Could do more functions - Open for breakfast and sell more coffee - Continue to grow this new business in a great location - Expand the menu - Suit any cuisine or theme - A DA has been put in for a garden area

Features
Great location - Lifestyle business - Busy strip of cafes day and night - Well established - No chefs required - PSA till midnight and 10 pm on Sunday - Major upgrade has just been finished on the main road - Function Room upstairs

Premises
Recently refurbished restaurant and bar with great atmosphere, two toilets, office, storeroom, function area, garden, rear lane access and large upstairs room and an area of 180 sq.mts.

Location
Fantastic beach side location 50 mtrs from the beach, surrounded by residential, bars and restaurants with lots of tourists and plenty of foot traffic in the Eastern Suburbs.

Trading Hours
7 days - Mon. - Sat. - 12 p.m. -12 a.m. and Sun. - 12 p.m. - 10 p.m.

Lease
Current lease commenced Sept. 2019 - Expires Sept. 2022 + 3 year option - 4% increases - 3 month bond

Employees
1 owner + 4 fulltimers + 8-10 casuals

Comments
Misc.- 1 - Other General expenses and GST - Misc.- 2 - Outdoor Seating. - PSA License - Some of the equipment is owned by the landlord.- Current owners spent over $100k on upgrading the business. - This business is consistent all year round as it is popular with locals and has high foot and car traffic - A rare opportunity to buy a beach side business in a brilliant location. upstairs dining and function room, balcony and garden area. - No chef is required only cooks making it much easier to manage - Coffee machine is owned by the coffee company. Extra outdoor street seating approved with now extra cost - A must to inspect but please be very discreet.

Agent SBX Code Number: SF1567 - Sydney Business Exchange
Contact Seller
SBX Business Brokers

Bsale ID: 535148
Broker REF: SF1567

SBX Business Brokers
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