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Cocktail Bar And Restaurant On Sydney's Northern Beache...

Business for Sale
Manly

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 r

Price $1,150,000

Cocktail Bar And Restaurant On Sydney's Northern Beaches

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

Contact Seller

Contact: Paul Helliwell
Phone: +61 2 9899 1999
Mobile: +61 419 015 046

Bsale ID: 281209
Agent ID: NSW09725




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