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Unique Bar And Restaurant, Inside Distillery, Inner Sydney.

$249,000

Sydney, New South Wales

Unique Bar And Restaurant, Inside Distillery, Inner Sydney.

This elite Bar and Restaurant is in busy part of Sydney.

Currently Owner operated bar and restaurant with in distillery but distillery is not part of the sale of Bar and restaurant.
• Lease for 3years +3 +3years renewal options.
• Very low rent just $10,000/PM+ GST Plus Outgoings.
• Modern kitchen and ambience and outdoor sitting altogether 100 sittings.
• First of it kind in Sydney with locker facility for customer liquor stock.
• All suppliers are in place they deliver onsite.
• All equipment are brand new.
• Cool rooms and freezers are in place.

This business opened on first day of Lockdown March 2020, already seen all worst days now just good days to see, currently doing over $100,000 revenue/month.

Open 7 days a week from 4PM till 11PM, Saturday from 12noon till 11PM.

Full training provided and easy transition. Chef owner operator preferable, hospitality chain can take over too.

Clean, beautiful restaurant shop and easy to run.

Regular customer by hop on bus as a tourist destination for distillery. Most of the times this place is prebooked for parties.

Vendor is selling as licence to operate the bar and restaurant for $249,000 for 3 years with option to renewal for another 3 years. Distillery will not be the part of licence as this will bring business to Bar and restaurant.

Very good opportunity, vendor asking price is just $249,000 plus SAV. Owner takes $7,000 to 9000 plus per week (COVID-19 time).

Potential
• Develop your own app for bookings Currently on phone or email.
• Vendor has plan to open many more distillery in around Sydney you have opportunity to yourselves associate with Bar and restaurants on those sites too.
• Increase the trading hours early morning till late as it is on main pathway.
• Digitally market the business as it is New business just under a year.
• All above should increase the volume of sales to $180,000 to 200,000/month.

Cost to acquire
• Licence fee: $249,000 Plus SAV.
• 3months lease bond: $30,000.
• 1month rental advance $6500(first 3 months rental concession).
• Legal fees for buying the business and lease.

Please Contact:

Broker: Gilraj Venkatappa

Phone: 0401744199

Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW09804

To complete an online confidentiality agreement, visit this business at: https://www.linkbusiness.com.au/businesses-for-sale/ca/NSW09804

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.
Ref: NSW09804
Timestamp: 20210408030111

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Last updated: 8th April 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sydney
State
 New South Wales
Price
$249,000
Category
  • Restaurant

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Contact

Gilraj Venkatappa