Schnitzel House Restaurant – Prime Location in Double Bay PRICE REDUCED TO $30,000 + SAV
NSW Business Agents - Business Brokers In Miranda

Schnitzel House Restaurant – Prime Location in Double Bay PRICE REDUCED TO $30,000 + SAV

This Schnitzel House occupies a prime location in Double Bay, adjacent to the famous Golden Sheaf Hotel and only minutes from Edge cliff Train Station.

 The business is run under management and is profitable. A hands-on owner would increase the profitability of this business even further.

 Why is it so cheap?? The current lease expires at the end of March 2018. From there the owners will be on a month to month arrangement until the business is sold, or the landlord finds another tenant.

 The advantage for an astute buyer in buying this business as a going concern are:

 1. Trained and experienced staff in place, who understand the menu and how the business runs. This includes a manager, cook, floor staff and a delivery driver

 2. There is $20K to $25K of assets (fridges, freezers etc) included in the sale price

 3. The current owners can assist with a handover

 4. Business has a liquor licence which can be transferred to new owner

 5. Landlord has indicated that he will issue a 3 year lease (+ 3 year option) to new owner

 6. No GST to pay on the purchase of a business which is a going concern

 Key features:

 - 60 seat restaurant

 - Fully equipped kitchen

 - Fully equipped bar

 - New lease available

 - Open 7 nights per week

 - Liquor license & BYO

 - Currently trades nights only, but can increase trading hours to include breakfast and lunch

 - Offer delivery service (currently 1 driver)

 - T/O: approx. $8,000 p/wk (it was $15,000 p/wk when owner was working in the business)

 - Currently run under management

 - All plant and equipment are included in the sale

 This business won’t be on the market long, so don’t delay. Serious buyers must have funds available to secure this purchase. A holding deposit is required to take this business off the market.

 To arrange an inspection contact Matthew Grech on 0408 299 888 matthewg@smebusinesssales.com.au

 THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

NSW Business Agents - Business Brokers In Miranda
  • Business Name
  • NSW Business Agents
  • Business Category
  • Business Brokers
  • Official Website
  • nswbusinessagents.com.au
  • Business Number
  • 78 113 737 054
  • Social Links
  • FacebookLinkedIn
  • Phone Number
  • 1300 955 170 or 0450 811 955
  • Business Location
  • 535 Kingsway
    Miranda 2228
    New South Wales
    Australia