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Liquor Licensed Restaurant - Seats 200+ - $150k Profit to Owner P/A!Property ID 1553509Summary
This is an exceptional opportunity to acquire this versatile and well-established restaurant in one of Sydney's most exclusive and affluent suburb's, Maroubra. Current seating capacity allows for over 200 patrons.
The Restaurant is perfectly situated amongst the proclaimed social dining culture of Sydney's affluent suburb of Maroubra. This versatile restaurant is located just a stones through away from a popular shopping centre and benefits from its high volumes of passing traffic.
A big highlight for this business is the opportunity to completely reimagine the current set up. The restaurant can be easily changed into a different cuisine offering or even simply adapted into a caf.
Additionally, increased local marketing and online advertising techniques would help future-proof current financial growth.
Current staff are reliable and well trained.
2x full-time staff
5x casual staff
Reason for Sale
This is a reluctant sale by the current owner who is listing the business for personal reasons.
About the Opportunity
The current owners have been operating the restaurant since 2013. The restaurant currently specialises in Lebanese cuisine and has an excellent reputation in the Eastern Suburbs, with patrons travelling from all over Sydney to visit the restaurant.
The restaurant boasts a loyal customer base, with sales growing year on year. Sales for the last financial year were just under $700,000. When you consider the profit the business generated, the asking price makes this an exceptional business opportunity.
* Located on a very busy road with great street exposure
* Low rent
* Seats over 200 patrons
* Plenty of parking
* Can be changed to whatever theme you like (i.e. Chinese, Thai, Indian etc)
* Fully licensed with a bar
* Fully equipped kitchen
* We can assist you to find finance
This is a rare opportunity to purchase an established, successful and profitable restaurant. A high-quality fit-out was completed in 2014, and all the assets required to operate the restaurant are included in the price, therefore the purchaser can just take over and start trading.
The purchaser can quite easily change the theme of the restaurant and even change the style to that of a Caf business. The fact that the premise is fresh and relevant makes it a cost effective option if the new owner so chooses.
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
Ray White Business Sales has been engaged to find the right business owner to take on this exciting opportunity.