Reference No: VBA-2431

Cafe and Restaurant
Bondi NSW

Price: $575,000

BONDI'S TOP RESTAURANT UNDER MANAGEMENT $1.5M T/O $300K REV For Sale

Bondi's No.1 Dining Venue is now for sale!

This fully managed venue has established itself as one of Bondi's most iconic and highly recognised brands.

With revenue increasing by 16% during COVID restrictions and beaches now opening up in the lead up to summer, there is no better time to get into a business like this. Consistently strong profits every year with no substantial decrease in the winter month, a loyal client base, and a strong presence on delivery partner apps, FY22 has already kicked off with record numbers.

Over 5 years remaining on the existing lease and a strong professional team in place. All recipes, procedures, and IP will be transferred, and extensive training will be provided if required.

Features
High turnover of approx $1.5M in FY21
Fully Managed Venue with Professional Team in Place
NET Profit of 20% | Circa $300,000
Fair market rent of $125,000 +GST | Only 8.4% of Turnover
Increased revenue year on year | 16% up on FY20 with reducing COGS %
On-Premise Liquor Licence

Financials
Revenue: $1,480,381
Expenses incl COGS: $867,081
Wages incl Super: $315,752
Net Profit/EBITDA: $297,548

Reference FY21 Prepared Accounts

The Premises
Annual Rent: $125,000
End of Lease Term: 31/03/2027
Term Options: 5.5yrs
Annual Increases: 3%

To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.vb... (click to show)-top-restaurant-under-management

Or for further details contact Daniel Kogan at (click to show email) or 0401 620... (click to show).

Vision Brokers & Advisors
'Turning Vision into Certainty'
www.vb... (click to show)

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Price: $575,000
Vision Brokers and Advisors
Address:
Level 32, 101 Miller Street
North Sydney, NSW, 2066

View Website

Contact: Daniel Kogan
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