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Soho Bar & Restaurant Balmain Quick Sale

Business for Sale
Soho Bar
Sydney NSW

Great bar/restaurantfor an owner operator to step in and grow profits. Recent fit out worth more than $250k completed in August 2015. This bar & restarurant has become a local hotspot in balmain.

Sold

Soho Bar & Restaurant Balmain Quick Sale

Stock Included:
Stock Value:
Years Est:
Gross Revenue:

Summary

Great bar/restaurantfor an owner operator to step in and grow profits. Recent fit out worth more than $250k completed in August 2015. This bar & restarurant has become a local hotspot in balmain.

Location Details

Located in the heart of balmain this little restaurant offers a small yet tasty menu with a large selections of wines.

Potential

This bar & restaurant would benefit from an owner operator with experience in hospitality or bar service. Great opportunity for growth by expanding the food, drink menu and adding a menu catered to functions.

Skills

As mentioned no skills are required but this bar & restaurant would benefit from somebody with hospitality and or bar service experience.

Hours

The Soho bar & restaurant was trading from 5pm until late

Lease

The Soho bar & restaurant lease is currently 6 months in and was set to be a 3 year lease. The option renew is available

Reason for Sale

Current owner of the Soho bar & restaurant wants to go back to doing her dream job of interior design.

History

The location has been a long standing bar or restaurant over the years with it becoming Soho late 2015.

About the Business

Newly Fitted Restaurant/Bar Inner West
In the Heart of Balmain, NSW 

• Recently refit with over $250,000 spent- Award Winning Design
• Commercial Kitchen & Licensed bar
• Outdoor Terrace with additional Seating - Looks over Darling st Balmain
• Perfect for Husband & Wife team, no experience needed
• Rear access available day & night - potential to sublet Commercial Kitchen 
• Large local following contributing to a turnover of $35,000 within the first month

For further information or data room access please fill out an expression of interest here or contact Matthew.Holland@raywhite.com on 0425 223 629


Disclaimer: Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners. 
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