SBX Business Brokers Phone : 02 9439 ****

Bar - Cafe - Restaurant - Cocktail Bar - Under Management - Bar - Cocktail Bar - Glebe - Takings $18,000 p.w. - Netts $3676 p.w.

Listing Id : 271293

Location : New South Wales - Glebe

Category : Restaurant

Asking Price : 258,000

Business description

Bar - Cafe - Restaurant - Cocktail Bar - Under Management - Inner West - Agent SBX Code Number: SF1**** **** Bar - Restaurant - Cocktail Bar currently serving Southern style food including tacos, freshly shucked oysters, pulled pork, ribs with chimichurri, southern fried chicken, desserts and other specials - Full state of the art kitchen with a combi oven, cool room and walk in freezer - Fully licensed with a PSA License and selling lots of cocktails as well as wine and beer - 50 seats inside and 20 seats outside - New sound system and new ducted reverse cycle air conditioning throughout - New tap beer system. Potential Could open for breakfast and brunch - Could open more hours and on Mondays - Do some advertising and marketing - Suit any cuisine or theme - Could add coffee during the day Features Reasonable rent and a long lease - Outdoor seating - PSA Licence - Award-winning interior designer - Lots of pre booked functions and bookings - Excellent reputation. Premises Beautiful freestanding building with historic facade bar with outdoor courtyard, a new designer fit out, skylights, hanging plants, dramatic design and periwinkle blue seating and an area of 180m2 Location Excellent location on a busy main road and a popular dining strip, surrounded by residential, university, commercial and retail in the heart of a suburb in the Inner West Trading Hours 6 days - Tues. - Wed. - 5 p.m.- 10 p.m. - Thurs. - Fri. - Sat. - 12 p.m.- 12 a.m. - Sun. - 12 p.m.- 10 p.m. Lease Current lease expires Aug. 2**** **** + 3 year option - CPI increases - 3 month bond Employees 1 Manager + 2 fulltimers + 7 casuals Comments Misc.- 1 - Other general expenses + GST. - The fit out alone cost over $350k and everything is less than 12 months old this includes equipment value of over $90,000 - A full equipment list is available and good records after a meeting. - The managers wage of $1,200 p.w. has been removed from wages and shown in profit as for an owner operator - Open since October, 2018. This business is already getting lots of pre booked functions and bookings in advance. Huge cafe potential. Stunning freestanding cottage restaurant and cocktail bar which spills onto an outdoor front terrace for alfresco drinking and dining with a retractable glass roof - One of our best looking opportunities and a must to inspect but please be very discreet. Figures Weekly Sales $18000 Rent (ex GST) $1600 Wages $5300 Profit $3676 Agent SBX Code Number: SF1**** **** - SBX Business Brokers

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