This profitable one of a kind fully licensed fast-food takeaway, cafe and Burger Restaurant near McMahons Point/North Sydney. It is in a great Sydney harbourside location along an eat street with other shops, cafes, retail and restaurants. – No CPI increases till April 2025!
– 10 years lease expires April 2033 (April 2023 – April 2028+ 5-year option) size of shop is 60 m2 plus storage.
– Sales averaging $25,000 -$28,000 pw – Netts over $6,000 p.w.
– Trading 7 Days from 10 am to 8.30 pm
– Prime location in major eat street, near train station and Sydney Harbour Bridge
– Sydney marathon, NYE are extremely busy days!
– Low Rent at just $1,578 p.w.inc GST – Outgoings approx $8,000 per year
– 12 seats outside and 12 seats inside
– Fantastic opportunity and a very attractive business model that could be a good opportunity to franchise or open more stores in the future
– Fully Licensed with PSA (Primary Service Authorisation) and potential to increase liquor sales by opening a bit later
Heaps of tourists and very busy during NYE, VIVID, public holidays and sport events. There is an opportunity to grow the business further in this amazing location in the Lower North Shore
Listing Number: NSW10796
Broker: Jan Forsyth
Phone: +61 411 510 610
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Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided
Keywords: Licensed, Profitable, Burger, McMahons Point/North Sydney, long Lease, Low rent
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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