For Sale: $195,000 + SAV
Business Overview
This is an incredible opportunity to take over a fully fit-for-purpose premises in the Eastern suburb’s most highly sought-after food precinct, at just a fraction of the establishment costs.
This 47m2 venue is extremely versatile and would suit any takeaway or intimate dining restaurant. There is a spacious commercial kitchen, ample storage, all new equipment, on-premise liquor licence, long lease, and additional outdoor seating.
The vendors have invested over $350,000 into the fitout within the last 12 months and all DA’s/permits are on foot. With tangible assets worth over $280,000 (all still under warranty) and growing revenue, the business offers plenty of scope for a food retailer to take the reins in its current model or transform into a new concept.
Features
Highly sought-after location in Sydney's Eastern Suburbs
New fixtures and fittings valued at over $280,00
Long lease of 2 years + 3 years
Recent fit-out value of over $350,000
Versatile premises with fully equipped commercial kitchen
Liquor Licence and indoor/outdoor seating
Premises
Annual Rent: $62,400
Term Options: 1.5 years + 3 years | Until 14/12/2026
Annual Increase: 3%
Seating Capacity: 16 indoor and 8 outdoor