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Cocktail Bar And Restaurant On Sydney’s Northern Beaches

$1,150,000

Manly, New South Wales

Cocktail Bar And Restaurant On Sydney’s Northern Beaches

Key features of this opportunity: 

Turnover $2.4 million (approx.)

Profit $400k (approx.)

130+ seats with large outdoor dining/drinking area

8+ years lease (minimal)

$3,000 weekly rent.

$300k re-fit just completed.

Unique fully equipped live music atmosphere as part of the bar

Well-established over 20 years and well-known bar and restaurant.
• Welcoming premises with quality fit-out and recent upgrades and a seating for approx. 130+ patrons across internal and external areas.
• Licenced footpath seating for 48 at the front of the venue. Large bi-fold doors lead into a spacious restaurant with full bar and covered courtyard area.
• Casual dining menu with broad appeal to cater to breakfast / lunch / dinner and families.
• Lease with 3 years left to run, plus 1 x 5-year option (opportunity to get a further option)
• On-premises licence with much sought-after Primary Service Authorisation (allowing the sale of liquor without food) with excellent selection of beers, wines, spirits and cocktail menu.
• Strong revenue and run under management.
• Well-equipped, nothing to spend (just undergone major internal renovation in late 2020 - $300k+)

Listing ID: NSW09725

Broker: Paul Helliwell

Phone: 0419 015 046

Email: paul.helliwell@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/nsw09725

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09725
Timestamp: 20210209020045

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Last updated: 9th February 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Manly
State
 New South Wales
Price
$1,150,000
Category

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