Established Licensed Restaurant in Top Ryde Shopping Centre High Foot Traffic & Turnkey Operation!
1SELL Listing ID: 1AU0267
Asking Price: $295,000
Key Highlights of the business:
- Licensed restaurant for sale inside one of Sydney's busiest shopping centres.
- Currently operating as a franchise, the purchaser has the option to either keep operating as a franchise or convert into an independent restaurant subject to approval from centre management.
- Current weekly turnover approx. $20,000. Net earnings $2,200 per week after all expenses.
- Business is currently operated under semi-management, with staff in place operating the business whilst the owners are not present.
- All existing staff will remain post-sale, ensuring seamless business continuity and a smooth transition for the new owner.
- Comprehensive training will be provided by the owner to facilitate an efficient transition for the new owner.
- Established delivery partnership with UberEats and DoorDash in place.
Financials (FY 23-24):
- Revenue: Approximately $1,040,000
- Net Profit: Approximately $127,000
Weekly Financials (FY 24-25):
- Weekly Revenue: Approximately $20,000
- Weekly Net Profit: Approximately $2,400
Lease and Franchise Agreement:
- Current lease and franchise agreement valid until December 2026.
- Annual Rent: $168,000 + GST
- Ongoing franchise fee: 2% of gross turnover + GST
Nestled in the highly sought-after Top Ryde Shopping Centre, this well-established licensed restaurant presents a fantastic opportunity for an owner-operator or investor in the hospitality sector.
Currently operating under a franchise model, the buyer has the flexibility to continue with the existing franchise, introduce a new one, or transition to an independent brand, subject to centre management approval.
With seating for 50 guests indoors, 80 outdoors, and 14 at the bar, the restaurant offers a spacious and inviting dining experience. Positioned in a bustling shopping centre with steady foot traffic, it is perfectly placed for success.
Detailed financial and lease information will be made available to qualified buyers upon the completion of a confidentiality agreement and a successful personal interview.
Cost to acquire this business:
Price: $295,000
Training fee: TBA
Transfer fee: TBA
Training Period: TBA
Legal fees: TBA
Rental bond: TBA
Disclaimer: The listing photographs are for illustrative purposes only and do not represent actual images of the business being offered for sale. Prospective purchasers are advised to conduct their own due diligence and make independent enquiries regarding the business. No warranties or representations, whether expressed or implied, are provided by the vendor or any party acting on their behalf.
