Price
$2,200,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Sydney Region, Sydney City
Category
Food/Hospitality
Listing #
13109
The three must haves in hospitality POSITION, POSITION, POSITION!!!!!!
Exceptional profitability, your costs are nearly all fixed including staff as this business runs on capacity being only 65 seats. As turnover increases profit increases exponentially.
Turnover for 2014 /2015 averaging over $57,000 per week from a low of $50,000 in winter to a high of $95,000 in January madness.
Great rental, less than 6% of turnover, with long lease.
The venue is currently run under management, owner only supervising management.
Long term staff in place.
The venue has an intimate and welcoming atmosphere.
It was opened 1997 and changed to current format in 2010 with the current owner. The business has shown growth every year since with turnover set to top $3 mill in this financial year.
Great spend per head and a regular base of clientele established
Full training and handover provided.
Over 8 million tourist’s visit the area every year. Plus a loyal local following.
# 13109
Broker: Matthew Page
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/13109
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
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*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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