Modern Japanese Restaurant In Concord

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Concord, New South Wales 2137

$150,000 WIWO

Key Features

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Prime Inner West location on a busy eatery and shopping street
Modern state-of-the-art fit-out with wide frontage and folding windows
Approximately 130 sqm with 76 seats
Authentic Japanese menu specialising in sushi and sashimi
Liquor licence until 10:00 PM
Most fridges and major equipment newly purchased

Turnover: $17,000–$22,000 per week
Rent/Lease: $2,904.68 per week including GST; 5-year lease from September 2021; 3-month bond; 3% annual increase; possible re-lease with landlord
Stock Value: Included
Established: Well-established

Business Details

Business Category Restaurant

Japanese Restaurant – Dine-in & Takeaway | Inner West Sydney

Well-established | Popular Local Favourite | Prime Eat Street Location

An exceptional opportunity to acquire a beautifully presented Japanese restaurant offering both dine-in and takeaway services. Specialising in sushi and sashimi, our restaurant is celebrated for its diverse and authentic menu and appealing to a wide range of tastes.

With a strong reputation and loyal customer base, this restaurant enjoys consistent evening trade and excellent local reviews.

• Prime Inner west location on a busy, well-known eatery and shopping street
• Modern, state-of-the-art fit-out with a wide frontage and folding windows
• Total area: approx. 130 sqm
• Seating: 20 lovely outdoor alfresco seats + 56 indoor seats
• Liquor licence: until 10:00 PM
• Beautiful presentation with a contemporary Japanese concept design
• Weekly sales: between $17,000 – $22,000
• Rent (incl. GST): $2,904.68 per week
• Wages: approx. $4,500 – $5,000 per week (excluding owner wages)
• Equipment: Most fridges and major equipment are newly purchased

Operations
• Trading hours: Monday to Sunday, 11:00 AM – 9-10:00 PM
• Staff: 2 owners + 2 full-timers + 2part-timer
• Lease: 5-year lease from September 2021 (3-month bond, 3% annual increase)
• Possible to re-lease with landlord for a new lease

Opportunities
• Increase local marketing and expand catering services (already gaining traction)
• Ideal for a couple or family business seeking to reduce wage costs and increase profit margins

Comments
• Rent includes all outgoings (except water bill)
• Outdoor seating subject to small council fee (Misc. 1)
• Local council will upgrade outdoor area early next year. Upgrading a new outdoor seating include heating system.

An excellent turnkey opportunity in one of Sydney’s most desirable dining precincts. Perfect for experienced operators or newcomers seeking a profitable, well-established business with growth potential. It is literally a great fit for any kind of restaurants

Please check out our instagram @majorsbaysushiconcord if you’d like to see interior.
Asking price is $150K (negotiable if that is reasonable)

Do not hesitate to email us XXXXXXXXXX