Oporto Eastern Suburb - 1sell Listing Number: 1au055

Oporto for sale in Sydney - 1SELL Listing Number: 1AU055

Asking price $449,000 + SAV

About the Business:

- Great opportunity to acquire Oporto in eastern suburb of Sydney

- Currently under management

- Monthly over $103,000 approx. revenue, that too without breakfast and under management

- Total rent is approx. $13,060+GST/month +GST

- Open 7 days a week from 10AM till 10.15PM, potential to extend hours, this Oporto is on main road

- Over $1.2million annual sales

- Full training provided by Oporto to eligible candidates and easy transition

- Great opportunity for owner operator or under management asking price is $449,000 plus SAV

Revenue and expenses

- Sales = 103,000/month 65%

- Total Gross Profit=approx. $66,950

- Expenses =approx. $54,156

- Net income before tax=approx.$12,794/Month under management. (If owner operated it is over $22,000/month).

- Annual income may over $264,000 for owner operator.

Cost to acquire:

- Business: $449,000

- Training cost: $12,000 License or transfer fees at actual.

- 3months rent in advance: $43,098.00

- Any other associated fees.

Note: All genuine Oporto records are in place. Can be supplied to serious party after site visit and interview.

Potential:

- Increase operating hours.

- Start breakfast. Huge demand for breakfast.

- Working owner may increase the sale

The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

Property Code: 63