ID:

Restaurant – Takeaway – Functions

Australia
Price: $98,000 For Sale
Restaurant
  • 457
  • 0
  • Takings (p/w): $9,000
  • Rent: $350
  • Net Profit: $3,520

Description

Restaurant serving Korean cuisine including sizzling barbecue shared plates and fresh home style Korean entrees, pancakes, main meals, noodles, seafood, salads – full kitchen with cool room and storage area – fully licenced – 50 seats. – CCTV, alarm, POS system.

Potential

Open more hours - could do promotions and marketing - outdoor seating (STA) - suit any cuisine - increase deliveries.

Features

A local icon - Online ordering - Low rent - Residence attached.

Premises

This business has an area of 80 sq .mtrs. including main restaurant, kitchen and 2 toilets.

Location

Situated on busy main road in the City fringe close to a major University, apartments and commercial buildings.

Trading Hours

6 days - Mon. - Fri. - 12 p.m.- 3 p.m. - 5 p.m. - -10 p.m. - Sat. - 5 p.m. - 10 p.m.

Lease

Current lease commenced Nov. 2014 - Expires Nov. 2016 + 2 year option - C.P.I. increases - 1 month bond

Sale Reason

Needs a change

Employees

2 owners + 1 parttimer + 2 casuals

Comments

Misc 1. + 2 Other general expenses. - The upstairs 3 bedroom unit (no separate entrance) is rented at $500 per week, so the vendor only pays $350 plus gst rent for the business a week.

Additional Information

Weekly Takings: $9,000
Cost of Goods: $2,750
Gross Profit: $6,250
Rent: $350
Outgoings: NA
Wages: $1,800
Telephone: $20
Insurance: $110
Electricity: $100
Gas: $50
Miscellaneous 1: $300
Miscellaneous 2: $500
Total Expenses: $2,730
Net Profit: $3,520
Estimated Stock: $10,000
Equipment: $50,000
Annual Turnover: $468,000
Net Profit Margin: 39.1%
Return Of Investment: 0.5 year(s)
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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