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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.
Potential 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.
Features Brilliant position - Long lease - Quality fit out and inclusions throughout - Good social media presence - Reasonable rent for the size of the business. - Well established.
Premises 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
Location 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.
Lease Current lease expires April, 2020 + 5 year option - C.P.I,. increases - $20,625 Bank guarantee
Comments 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.
SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.
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