Eastern Suburbs Restaurant with Courtyard setting

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Sydney NSW

Eastern Suburbs Restaurant with Courtyard setting

Description

This well known business in the heart of the Eastern Suburbs has been established and was opened by the current owner. There are approx. 16 seats outside and 26 inside the restaurant which is approx. 75 square metres.

Sales are consistent with current weekly takings averaging around $11k per week.

At the moment the restaurant only trades at night and there is potential for breakfast and lunch trade.

The establishment is one of the only food businesses in the area to have an outside seating space in Darlinghurst, and it has quickly become a favourite spot for the locals.

The premises is fully licensed, and the business owner has also attached a PSA to it.

The restaurant has recently undergone a major refurbishment and there is nothing left for a new owner to do, the business is a “turn key operation”.

Due to family circumstances one of the current owners is no longer able to work in the business and the other wants to move to his second establishment on a full-time basis. This has resulted in the current opening hours having to be shortened and the business is currently now being run only for the night trade.

***Please note that the images used in this advert are generic and not of the actual business.

 

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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.

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