Oporto Eastern Suburb - 1SELL Listing Number: 1AU055
NSW
Last asking price $449,000
Sold August 2023
Food & Drink
Oporto for sale in Sydney - 1SELL Listing Number: 1AU055
Asking price $449,000 + SAV
About the Business:
- Great opportunity to acquire Oporto in eastern suburb of Sydney
- Currently under management
- Monthly over $103,000 approx. revenue, that too without breakfast and under management
- Total rent is approx. $13,060+GST/month +GST
- Open 7 days a week from 10AM till 10.15PM, potential to extend hours, this Oporto is on main road
- Over $1.2million annual sales
- Full training provided by Oporto to eligible candidates and easy transition
- Great opportunity for owner operator or under management asking price is $449,000 plus SAV
Revenue and expenses
- Sales = 103,000/month 65%
- Total Gross Profit=approx. $66,950
- Expenses =approx. $54,156
- Net income before tax=approx.$12,794/Month under management. (If owner operated it is over $22,000/month).
- Annual income may over $264,000 for owner operator.
Cost to acquire:
- Business: $449,000
- Training cost: $12,000 License or transfer fees at actual.
- 3months rent in advance: $43,098.00
- Any other associated fees.
Note: All genuine Oporto records are in place. Can be supplied to serious party after site visit and interview.
Potential:
- Increase operating hours.
- Start breakfast. Huge demand for breakfast.
- Working owner may increase the sale
The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Property Code: 63