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Business ID BS143187

Buy a business for less than it cost to set up and receive an income of $393,000 - SYDNEY

T/O $1.33M Owner's income $393,000. Sale Price $1.2M Return 32.75% pa.

This is a prestige a La Carte restaurant, Bar AND Reception Venue centre commanding the premier position in this affluent Sydney suburb. The income is particularly secure as the reception centre and bar account for 50% of the revenue in addition to the very strong revenue flow from this premier restaurant. The business occupies a historic building that makes it unique and beyond competition of its rivals.  

  • Established 4 years
  • 65% Return Customers
  • Unique Historic Building
  • History of Profits
  • Function Venue for wider Market and Customer Base.
  • Premier Local Restaurant 
  • Great Reputation for Fine Food
  • Beautiful Atmosphere 

The vendor is willing to remain for a period and assist the new owner to make the transition smooth and successful. 

The successful venue could be acquired by an existing fine food and catering chain or by someone with a passion for owning a premier restaurant on which they can stamp their individual character and aspirations.  

Price $1.2M for the assets and goodwill of the business, stock is not included and will be valued at cost on the day of settlement.

 

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Business Sale Price:
$1,200,000
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