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Bar - Restaurant - Cafe - Under Management - Profitable

Business for Sale
Bar - Restaurant - Cafe - Under Management - Profitable
NSW

Bar - Restaurant - Cafe - Under Management - City Fringe - Agent SBX Code Number: SF1213 Restaurant - bar - cafe serving light meals, pasta, risotto, salads, cheese plates and desserts...

Price $278,000.00

Bar - Restaurant - Cafe - Under Management - Profitable

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Bar - Restaurant - Cafe - Under Management - City Fringe - Agent SBX Code Number: SF1213



Restaurant - bar - cafe serving light meals, pasta, risotto, salads, cheese plates and desserts. - Currently 60% food and 40% drinks. - Fully licensed with beer on tap as well as a selection of wine and cocktails. - Full kitchen with cool room - Seats 45 inside and 20 outside.



Potential

Open more hours - Good potential for lunch/cafe trade - An owner operator would save on wages and increase profit.



Features

Excellent corner position - Very good social media and marketing systems - Low rent - Long lease - High profit - Great reviews. DA approved - currently only open at night



Premises

Corner bar with large alfresco seating area, toilets and a casual and inviting vibe and an area of 130 sq. mts.



Location

Situated on a busy main street in a well known strip of a densely populated area and surrounded by residential and commercial in City Fringe.



Trading Hours

5 Nights -- Tues. - Thurs. - 5 p.m. - 11 p.m. - Fri. - Sat. - 5 p.m. - 12 a.m.



Lease

Current lease expires Feb. 2018 + 3 + 3 year options - 4% increases. - 4 month bond



Employees

1 owner + 4 fulltimers + 6 casuals



Comments

Miscell. 1 - Other operating expenses. - Miscell. 2 - Outdoor seating and GST - Currently run under management and the managers wage has been shown in profit.- Excellent systems and training in place and good records kept by owner. - A must to inspect but please be discreet. - Big potential to open during the day.



Agent SBX Code Number: SF1213 - Sydney Business Exchange

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 99138
SBX ID: SF1213




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