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Bar - Restaurant - Cafe - Eastern Suburbs - (Code: SF1321F)


Great business

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Price: $118,000

Weekly Takings (inc GST) $18,300
Cost of Goods $5,550
Gross Profit $12,750
Rent $1,885
Wages $5,100
Outgoings $100
Telephone $30
Insurance $60
Electricity $330
Gas $150
Misc 1 $750
Misc 2 $
Total Expenses $8,405
Net Profit $4,345
Coffee Kilos P/W 0.0

Estimated Stock



All other values
exclude GST
General Description
Bar- restaurant - cafe currently serving Modern Australian food including ribs, burgers, seafood, chicken dishes, daily specials with a focus on sharing small and larger plates in a casual setting. - Full functioning bar in the centre of the room with beer on tap, wine and cocktails available. - Fully licensed with an on premise license - Full kitchen with 2 cool rooms, freezer, combi oven - 100 seats inside including a covered alfresco balcony with full beach views. This business has now ceased trading and the vendor is motivated to sell.

Upgrade license to drink or dine (STA) - Expand on functions as this is an excellent venue - Potential to promote as a cafe during the day and increase coffee sales - To do some marketing and advertising.

Brilliant position - Long lease - Quality fit out and inclusions throughout - Good social media presence - Reasonable rent for the size of the business. - Well established.

Amazing modern and spacious layout with an alfresco balcony, 3 bathrooms, disabled lift, office and storage area downstairs with an area of 245 sq mtrs

Great location steps from the beach and across the road from the park in a coastal Eastern Suburbs hub.

Trading Hours
6 days - Tues. - Thurs. - 5.30 p.m. till 12 midnight, Fri. and Sat. - 12 p.m. till midnight, - Sun. - 12 p.m. till 10 p.m.

Current lease expires April, 2020 + 5 year option - C.P.I,. increases - $20,625 Bank guarantee

1 owner + 4 fulltimers + 2 parttimers + 3-4 casuals as required

Misc. 1 - Other general expenses and GST. - This restaurant is frequented heavily by locals year round and well known throughout the Eastern suburbs. - The North facing verandah is exposed to the warm sun all year round and it is split into two cohesive spaces with dining / bar on the first level and downstairs has 2 cool rooms, freezer, office, store room and a wine cellar. - Fully air conditioned and heaters in winter, 2 large televisions as well as disabled toilets and lift. - A recent $120K upgrade in 2015 was spent on fit out and equipment - A must to inspect - Please only visit as a customer and contact your broker for any further information.

Similar Businesses
Cafe - Restaurant - Bar - City Fringe

SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.


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