Visit this listing at https://www.sbx.com.au/business?id=F3376

Business Code: F3376

Key Features: Bar Cocktails -Tapas Bar - Nth Shore - Syd - Sales $25,000 p.w - Seats 110

State: NSW

Location: Hot location in popular iconic North Shore Sydney dining precinct .

Description

Cocktail Bar -restaurant - functions - The bar is the primary source of income and has a chic and sophisticated interior, innovative cocktails, a hand picked selected wine list, a range of quality craft beers and is matched with a tapas style food menu including share plates of chorizo, zucchini fries, chicken wings, oven-baked haloumi and wild mushroom risotto balls or order off the a la carte menu which includes three cheese croquettes, crispy pork belly, Italian pork and veal meatballs and tantalising desserts. - Its a bar with a clever kitchen but the focus is mostly on the drinks. - seats 10 - 80 people - Full kitchen.

Summary

  • Features: Extremely good social media reviews - Live music on Sundays - Private bars for functions - High food and alcohol margins - Great social media reviews -.Can be run under management .
  • Potential: Could open for breakfast and lunch to increase sales revenue. - Do more social media advertising .
  • Premises: Business is made up of two bars, a restaurant and function centre with a total area of 300 sq. mts.
  • Trading Hours: 7 days - Sun. -Tues. - 3 p.m. - 10 p.m. - Wed. - 3 p.m. - 11 p.m. - Thurs. - Sat. - 3 p.m. to 12 a.m.
  • Lease: Current lease expires Sept. .2023 - 5 % annual rental increases - 6 month bond - The lease can be assigned to a suitably qualified buyer or can apply to the landlord for a new lease .
  • Employees: Two owners + 3 full timers + 5 / 6 casuals - 1 owner works 5 days a week as the chef - the other owner manages the administration side of the business but does not often attend in person .
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$25,000

Cost of Goods

$5,010

Gross Profit

$19,990

Rent

$3,020

Wages

$4,500

Telephone

$25

Insurance

$300

Electricity

$250

Gas

$75

Misc1

$1,220

Misc2

$1,750

Total Expenses

$11,140

Estimated Stock (Additional)

$20,000

Net Profit

$8,850

Price

$698,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant - Functions - Cocktail Bar

Business Code: F3376
Price: $698,000
+ Estimated SAV $20,000

Key Features: Bar Cocktails -Tapas Bar - Nth Shore - Syd - Sales $25,000 p.w - Seats 110

State: NSW

Location: Hot location in popular iconic North Shore Sydney dining precinct .

Description

Cocktail Bar -restaurant - functions - The bar is the primary source of income and has a chic and sophisticated interior, innovative cocktails, a hand picked selected wine list, a range of quality craft beers and is matched with a tapas style food menu including share plates of chorizo, zucchini fries, chicken wings, oven-baked haloumi and wild mushroom risotto balls or order off the a la carte menu which includes three cheese croquettes, crispy pork belly, Italian pork and veal meatballs and tantalising desserts. - Its a bar with a clever kitchen but the focus is mostly on the drinks. - seats 10 - 80 people - Full kitchen.

Summary

  • Features: Extremely good social media reviews - Live music on Sundays - Private bars for functions - High food and alcohol margins - Great social media reviews -.Can be run under management .
  • Potential: Could open for breakfast and lunch to increase sales revenue. - Do more social media advertising .
  • Premises: Business is made up of two bars, a restaurant and function centre with a total area of 300 sq. mts.
  • Trading Hours: 7 days - Sun. -Tues. - 3 p.m. - 10 p.m. - Wed. - 3 p.m. - 11 p.m. - Thurs. - Sat. - 3 p.m. to 12 a.m.
  • Lease: Current lease expires Sept. .2023 - 5 % annual rental increases - 6 month bond - The lease can be assigned to a suitably qualified buyer or can apply to the landlord for a new lease .
  • Employees: Two owners + 3 full timers + 5 / 6 casuals - 1 owner works 5 days a week as the chef - the other owner manages the administration side of the business but does not often attend in person .
  • Sale Reason: Other business interests
  • Comments: Two bars with different themes - restaurant seating throughout the business and a separate function room which caters for between groups of 10 to 80 people for birthdays - engagements - after birthdays - birthdays - engagement, after work drinks, leaving parties - celebrations or corporate events .

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$25,000

Cost of Goods

$5,010

Gross Profit

$19,990

Rent (ex GST)

$3,020

Wages

$4,500

Telephone

$25

Insurance

$300

Electricity

$250

Gas

$75

Misc1

$1,220

Misc2

$1,750

Total Expenses

$11,140

Estimated Stock (Additional)

$20,000

Net Profit

$8,850

Price

$698,000
+ Estimated SAV $20,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.