For Sale $375,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $375,000

Business Details

Restaurant - Bar - City Fringe

\nRestaurant - Bar - City Fringe - Agent SBX Code Number: G1502

Restaurant & bar - the restaurant themed & serving modern British cuisine with a recent stylish fit-out is on the ground floor of the terrace with a rear courtyard. - The cozy cocktail bar is upstairs and offers a great cocktail list, a selection of wines & an extensive range of craft beers. - Bar is available for private functions.- 156 seats inside - 14 seats outside. - Licenced

Potential
The bar & restaurant are run as 2 separate businesses & therefore could be sold individually if required. - The restaurant could open for lunch trade. - Could apply to council for footpath seating.

Features
Well established. - Iconic Sydney eat street location. - Great ambiance in both venues. - Award winning bar - Best small Bar. - Great solid fit-out. - Trading well. -Loyal clientele. - Quality equipment.

Premises
This restaurant & cocktail bar has an area of 240 sq. mts. located in a 2 level terrace.

Location
Situated in very busy & established restaurant strip in City Fringe / East Sydney.

Trading Hours
Restaurant Tues. - Wed. - 5 p.m - 1030 p.m & Thurs. - Sun. - 12 noon - 10 p.m. Bar Tues. - Fri. - 5 p.m - 1200 a.m & Sat.- 2 p.m - 12 a.m & Sun. - 2 p.m - 10 p.m

Lease
2 separate leases - 5 year + 5 year option. - Ground floor commenced July 2014 & 1st floor lease commenced August, 2011.

Employees
1 owner + 2 full timers + 6 / 7 casuals

Comments
This business has been run as 2 businesses although owned by the 1 owner. - There are 2 different licenses, leases, alarm systems, separated services / utilities & sound systems. Misc 1 = Security & Misc 2 = Rubbish Removal & Recycling.

Figures
Weekly Sales $20588
Rent (ex GST) $2206
Wages $4000
Profit $6585

Agent SBX Code Number: G1502 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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Enquire

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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