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Sydney NSW

Award Winning Fine-Dining Indian restaurant in the Eastern suburbs of Sydney

$45,000 WIWO

Description

This fine-dining Indian restaurant is in a great location in Sydney’s Eastern suburbs. Just a five minute walk from the restaurant takes you to an impressive view of the Harbour Bridge and the Opera House.

Operating six nights a week currently with the potential to extend, trading up until midnight on special occasions, as well as opening lunch hours and other catering options as required.

This restaurant is one of the very few fine dining Indian restaurants in the area and the online reviews speak for themselves about the quality of food and service.

Key Features

• Fully furnished 55 seat Restaurant
• Natural sunlight falling into the restaurant
• Fully equipped and working commercial kitchen
• Separate cool room
• A beautiful bar with wine storage on the wall
• Vehicle for delivery
• Fully licensed
• All current restaurant staff willing to stay and help after the sale
• Consistent weekly turnover of $9,000-$12,000
• Registered with Uber Eats, Menulog, Deliveroo, Eat Club, Groupon and The Fork (previously known as Dimmi)
• Excellent relationship with existing suppliers
• On-going business from travel agents
• Newly upgraded POS System with iPads
• Newly printed dine-in menu cards
• Newly created website with integrated sales options
• Digital setup generating traffic on existing platforms – Facebook, Instagram and Google
• Parking in the property for one car
• Coles right opposite the restaurant
• Garage parking available, currently used for storage

The current owner is retiring and is selling as his health does not permit him to dedicate the energy and hours required to run a successful business as this one.

This opportunity would suit an aspiring restaurateur or entrepreneur seeking entry to a great existing setup at exceptional value.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No

The business is currently run by the owner, one full time chef and five/six casuals.

Lease Info

The 3 x 3 x 3 year lease commenced in Nov 2014. – 4% increases – A four month bond is required.

Trading Times

6 days – 5pm – 9.45pm

Opportunity

Extend the trading hours, build on the catering and delivery side of the business. The current owner is ready to retire and not able to work as much as he would like to, a more present owner/operator would see an immediate improvement in sales and profit.

Weekly Sales & Turnover

Wages

$2,787.44

Turnover (inc GST)

$9,500.00

Rent

$1,682.94

Reference No: BRBD5676

Business Listed by

Paul Leach

Hospitality Consultant, Certified Exit Planning Advisor, Licensed Business Broker in NSW, SA, QLD, VIC @ GSE Hospitality Brokers

I grew up in the food business, my parents owned two very successful restaurants. I have fond memories of working alongside them from a very early age.

All through my school years I knew that I wanted to be a part of the hospitality industry and the day that I started at college could not come quickly enough. I spent three enjoyable years learning my trade and left college to join my parents in their second restaurant.

In 1992 my parents decided that the time was right for them to sell up and I felt it was also the right time for me to go out on my own.

In 1993 I opened my first Cafe called “Hogarth’s” and that is where it all began. Over the following 25 years, I built and sold nine food businesses. I loved every minute (well most of it) and learnt a lot about how the sale process works, I also learned some very valuable lessons.

I love the food industry and wanted to crack double digits and open shop number ten, unfortunately, the two things that I value the most in my life, my marriage and my health probably would not have lasted if I had done that so I called it a day

I always felt that there was a better way to sell cafes and food businesses and that is where the idea for GSE came from. My vision was to build a specialist firm of hospitality brokers that could make the sales process as straightforward as possible for the owners of hospitality businesses in Australia.

I am now using the experience I gained selling my own businesses as well as selling a lot of other people’s businesses to lead the team of very talented brokers at GSE.

I would love the opportunity to show you more about how the approach that GSE take can help you to sell your business for the price that you want and on your terms.

If you are looking for a specialist Hospitality Broker who has walked the walk and fully understands the industry and all of the nuances of the sales process then I would love to hear from you.

Request more Information about this business

First Name*
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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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