Sold

Oporto Eastern Suburb - 1SELL Listing Number: 1AU055

SOLD

Oporto for sale in Sydney - 1SELL Listing Number: 1AU055  

Asking price $449,000 + SAV

About the Business:

  • Great opportunity to acquire Oporto in eastern suburb of Sydney
  • Currently under management
  • Monthly over $103,000 approx. revenue, that too without breakfast and under management
  • Total rent is approx. $13,060+GST/month +GST
  • Open 7 days a week from 10AM till 10.15PM, potential to extend hours, this Oporto is on main road
  • Over $1.2million annual sales
  • Full training provided by Oporto to eligible candidates and easy transition
  • Great opportunity for owner operator or under management asking price is $449,000 plus SAV

Revenue and expenses

  • Sales = 103,000/month 65%
  • Total Gross Profit=approx. $66,950
  • Expenses =approx. $54,156
  • Net income before tax=approx.$12,794/Month under management. (If owner operated it is over $22,000/month).
  • Annual income may over $264,000 for owner operator.

Cost to acquire:

  • Business: $449,000
  • Training cost: $12,000 License or transfer fees at actual.
  • 3months rent in advance: $43,098.00
  • Any other associated fees.

Note: All genuine Oporto records are in place. Can be supplied to serious party after site visit and interview.

Potential:

  • Increase operating hours.
  • Start breakfast. Huge demand for breakfast.
  • Working owner may increase the sale

The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

Details

Suburb Sydney
Property Type Business
Category Food/Hospitality

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