Popular German Restaurant And Wine Distribution Biz For Sale!

Fey Day presents to you a 11 years old German restaurant and wine distribution business! Run by a passionate husband and wife team, they have built an impressive business from scratch. Located at the heart of CBD, they attract both expat and local dinners.

Year of Inception: 2013
Annual Revenue: $949,640
Annual Earnings: $171,735
Owner Asking: $498,000

Marketing:
Known for their inexpensive European menu and relaxing vibe, they cultivated a loyal customer base over the past 11 years. They have more than 400+ positive reviews across Google, Facebook, TripAdvisor, Open Table, Mapstr and Quandoo.

What's the opportunity?
1.⁠ ⁠Brand new restaurant is located in a great lunch and drinking area in CBD since 1st May. (The new location is 5 mins walk from the previous location, and bigger than the previous place, 750 sqft.)
2.⁠ ⁠The restaurant is newly renovated, hence the new owner can save on all the hassle and renovation cost.
3.⁠ ⁠Hire a sales person to sell Austrian, German and Italian Prosecco wine. (Currently there is no sales person and the business run by itself)
4.⁠ ⁠Capitalised on existing customer base, while running marketing campaigns to attract new customers!
5.⁠ ⁠Low working capital required to run both business. (Approximately $60k)

Sales:

FY 2023
Annual Revenue: $949,640 (FY 2023)
Annual Earnings: $171,735 (FY 2023)

FY 2022
Annual Revenue: $1,117,886
Annual Earnings: $131,180.89

Asset available for sale:
Restaurant (Inclusive of furniture, hardwares, brand name and recipes)
$150k worth of Wine inventory
Delivery van (1 year 5 months)
Existing clientele base for the wine business

Rental cost:
Restaurant (1,200 + 350 sqft) - $12,000 every month
Warehouse and wine trading office (898 sqft) - $2,000 every month
Bonded warehouse (Based on carton quantity) - $1,500 every month

Employee cost:
$12,000 every month

Customers for wine trading business:
1. 15 to 20 restaurants
2. 40 to 50 private clients
3. Various events companies

Number of pax: 54 inside + 20 outside

Interested in this business? Please email mac@feyday.com today!