- Advert ID: 667834
- (Seller ref: RF 435)
Restaurant Lakeside Location For Sale
- Location:
-
- Australia
- > New South Wales
- > Bankstown
- > Bankstown
- Category:
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Summary
- Asking price:
- $280,000
- Sales revenue:
- $1,000,000
- Net profit:
- $213,000
- Years established:
- 21
- Employees:
- 8
Business description
Situated in serene surroundings with a beautiful lakeside setting, ducks in the water, peaceful and tranquil. Popular for functions such as weddings and special occasions.
The business has detailed financial information available for due diligence.
Property information
- Real Estate:
- Lease
- Lease terms:
- The lease expires Nov 2010 and had an option for a further 5 years. The restaurant has been established for more than 20 years. Current rent is $1405 per week (7% of sales).
- Location:
- Situated in serene surroundings with a beautiful lakeside setting, ducks in the water, peaceful and tranquil. Ideal for special functions such as weddings, birthdays, etc. Parking plentiful and free.
Other information
- Expansion potential:
- Purely quality and service levels as well as marketing expertise from a new owner.
Could be more aggressively marketed for functions.
- Competition / Market:
- No immediate competition as the restaurant is the onlt eating place in that area. Unique setting!!
- Support & training:
- Training will be given to a new Buyer by the owners.
- Reasons for selling:
- Ill health
- Trading hours:
- 7 am to 11 pm
- Financing available:
- no
- Furniture / Fixtures value:
- $75,000
- Inventory / Stock value:
- $10,000
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- Australia
- > New South Wales
- > Bankstown
- > Bankstown
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