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Indian Restaurant with Function Centre , NSW , Australia
$ 350,000- Type : Business Sale
For Sale Premium Function Centre with Indian Restaurant.
Located in the Hills district a well known venue for premium function centre catering to the niche market with a seating capacity of 120+/-. Owners currently looking to downsize due to commitment on another project.
A well Equipped kitchen and cool room in line with Anglo- Saxon standard and fully compliant. Extra large store room for storing catering equipment and furniture at site.
The restaurant currently offers only dinner at the moment on 7 days with lunch on the weekend. With wide natural scenic views its a beautiful location for guest in a modern venue.
Seating 120.
Lease : Balance 3+5 left
Sales : 15,000
Cost of goods $3000
Wages & Salary : 4,500 (Incl Owners Wages)
Rent : 2000 / Week - 96,000 / year
Electricity : 166 / week.
Insurance and Miscellaneous : 1000 / week
Weekly Net Profit : $4000/-
Annual EBIT : 208,000/-
Add Owners Wages : 75,000/-
Total : 283,000/-
Goodwill Valuation : $566,000/-
Selling price : $350,000/- with existing name and all facilities.
Disclaimer : Stock Picture used where applicable. The consultant has relied on information provided by the Vendor. The Recipient cannot rely on information provided by the consultant and must verify the provided information through inspection of documents for the purpose of verification of these statements as part of the Recipient's due diligence process.
Located in the Hills district a well known venue for premium function centre catering to the niche market with a seating capacity of 120+/-. Owners currently looking to downsize due to commitment on another project.
A well Equipped kitchen and cool room in line with Anglo- Saxon standard and fully compliant. Extra large store room for storing catering equipment and furniture at site.
The restaurant currently offers only dinner at the moment on 7 days with lunch on the weekend. With wide natural scenic views its a beautiful location for guest in a modern venue.
Seating 120.
Lease : Balance 3+5 left
Sales : 15,000
Cost of goods $3000
Wages & Salary : 4,500 (Incl Owners Wages)
Rent : 2000 / Week - 96,000 / year
Electricity : 166 / week.
Insurance and Miscellaneous : 1000 / week
Weekly Net Profit : $4000/-
Annual EBIT : 208,000/-
Add Owners Wages : 75,000/-
Total : 283,000/-
Goodwill Valuation : $566,000/-
Selling price : $350,000/- with existing name and all facilities.
Disclaimer : Stock Picture used where applicable. The consultant has relied on information provided by the Vendor. The Recipient cannot rely on information provided by the consultant and must verify the provided information through inspection of documents for the purpose of verification of these statements as part of the Recipient's due diligence process.
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