ID: Z1220

Restaurant - Bar - Northern Beaches

Northern Beaches,
NSW, 2099, Australia
Price: $590,000
Restaurant - Bar
  • Takings (p/w): $0
  • Rent: $6,692
  • Net Profit: $0

Restaurant and bar trading lunch and dinner serving European cuisine including pork knuckle & belly, Bratwurst, Maultaschen, plus wide range of schnitzels, apple strudel & Kaiserschmarren for dessert. - Large selection of European beers on tap plus wine and cocktails. - Function room on first floor catering for 50 with beach views. - 150 seats inside

Potential

Great opportunity for partnership or corporate hospitality group. - Enormous breakfast potential.

Features

Great location which is very busy night & day.

Premises

New restaurant and bar premises with stunning presentation on street level of new boutique apartment building and an area of 300 sq. mts.

Location

Prime beach front eat street in Northern Beaches.

Hours

7 days - 11.30 a.m. - 1.00 a.m

Lease

5 + 5 year lease from April, 2107 - 2 month bond - 3% annual C.P.I. increases.

SaleReason

Large business needs wider management structure than the owner can offer.

Employees

One owner + 6 fulltimers + 3 casuals

Comments

All equipment owned apart from coffee machine. - Not being sold on figures although trading well and huge value in fitout.

Additional Information

Cost of Goods: NA
Gross Profit: NA
Rent: $6,692
Outgoings: $465
Wages: NA
Insurance: NA
Electricity: NA
Gas: NA
Miscellaneous 1: NA
Miscellaneous 2: NA
Total Expenses: NA
Net Profit: NA
Estimated Stock: NA
Equipment: NA
More Business

Enquiry

Confidentiality Agreement for the Business Between GBE (Global Business Exchange) and * (Interested Party) this must be an individual’s name, NOT a company name

In consideration of Global Business Exchange (being any or all of -, Redfin Partners Pty Ltd entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by Global Business Exchange and specifically the Listing currently being enquired. I/We hereby agree and undertake as follows:

To treat as totally confidential the identity of the business (es) disclosed to me and any details as to its operation or financial accounts;

Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor whoshall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Global Business Exchange;

Not to make an approach to the Vendor of any business disclosed to me by Global Business Exchange, or the business’ staff, customers or suppliers without prior arrangement with Global Business Exchange and to refer all queries through Global Business Exchange;

We acknowledge that Global Business Exchange is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office.

If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to -, Redfin Partners Pty Ltd as the case may be;

If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Global Business Exchange against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.

That all information is received for no other purpose than the evaluation of the investment potential of the business;

If I decide not to proceed with the investment, I agree to immediately return to Global Business Exchange all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);

Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.

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