Visit this listing at https://www.sbx.com.au/business?id=G1788

Business Code: G1788

Key Features: Buzzy Wine Bar & Restaurant - Prime Redfern Location

State: NSW

Location: Unbeatable corner location in the heart of Redfern - hot dining precinct on the CBD Fringe; Council approved seating along two street fronts; Redfern station 2min walk, new Waterloo Metro Station 5 min walk. Close to corporate head offices in Eveleigh and event space Carriageworks;

Description

Small bar & restaurant in sought after City Fringe corner location. Great supplier contacts for Australian focussed wine list and seasonal menu. A well established kitchen & bar team offering simple but delicious bar food but not as you know it. Using seasonal produce from local suppliers, the food menu is designed to be shared and changes regularly. The wine menu, favours Aussie producers with natural and biodynamic wines on offer and a rotating beer selection features some favourite local craft brewery's both on tap and in the fridge as well as a selection of carefully designed cocktails.

Summary

  • Features: Well established customer base with excellent google reviews. Winner of the 2018 Sydney TimeOut Bar Awards Category: Best Bar Food. Responsive Instagram/Social Media presence with over 10k followers.
  • Potential: Currently trading 5 nights and 2 lunches. - Plenty of scope to increase weekly turnover via events or to increase trading days. -Could promote functions and/or special occasions.
  • Premises: Approx. 80 sq.mts. internal space and council approved outdoor seating along two street frontages. Beautiful ambiance and fit-out.
  • Trading Hours: 5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat) Plenty of scope to increase turnover with hours and/or functions;
  • Lease: Current 6 year lease expires in 2028 with a further 5 year option, $14,045 security deposit and 3.5% annual increases. Annual rent of $158K (9% of total turnover)
  • Employees: 1 owner + 2 full timers + 1 part timer & casuals
  • Sale Reason: Family reasons.
  • Comments: Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydney’s best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run bar. Well established kitchen & bar team with a focus on Australian Wine and produce. Excellent supplier contacts. Responsive Instagram/social media presence of over 10K followers, excellent Google reviews. Winner of Time Out Bar Award on opening.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Yearly Summary

Annual Revenue

$1,700,000

Estimated Stock (Additional)

$20,000

Price

$699,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant

Business Code: G1788
Price: $699,000
+ Estimated Stock (SAV) $20,000

Key Features: Buzzy Wine Bar & Restaurant - Prime Redfern Location

State: NSW

Location: Unbeatable corner location in the heart of Redfern - hot dining precinct on the CBD Fringe; Council approved seating along two street fronts; Redfern station 2min walk, new Waterloo Metro Station 5 min walk. Close to corporate head offices in Eveleigh and event space Carriageworks;

Description

Small bar & restaurant in sought after City Fringe corner location. Great supplier contacts for Australian focussed wine list and seasonal menu. A well established kitchen & bar team offering simple but delicious bar food but not as you know it. Using seasonal produce from local suppliers, the food menu is designed to be shared and changes regularly. The wine menu, favours Aussie producers with natural and biodynamic wines on offer and a rotating beer selection features some favourite local craft brewery's both on tap and in the fridge as well as a selection of carefully designed cocktails.

Summary

  • Features: Well established customer base with excellent google reviews. Winner of the 2018 Sydney TimeOut Bar Awards Category: Best Bar Food. Responsive Instagram/Social Media presence with over 10k followers.
  • Potential: Currently trading 5 nights and 2 lunches. - Plenty of scope to increase weekly turnover via events or to increase trading days. -Could promote functions and/or special occasions.
  • Premises: Approx. 80 sq.mts. internal space and council approved outdoor seating along two street frontages. Beautiful ambiance and fit-out.
  • Trading Hours: 5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat) Plenty of scope to increase turnover with hours and/or functions;
  • Lease: Current 6 year lease expires in 2028 with a further 5 year option, $14,045 security deposit and 3.5% annual increases. Annual rent of $158K (9% of total turnover)
  • Employees: 1 owner + 2 full timers + 1 part timer & casuals
  • Sale Reason: Family reasons.
  • Comments: Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydney’s best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run bar. Well established kitchen & bar team with a focus on Australian Wine and produce. Excellent supplier contacts. Responsive Instagram/social media presence of over 10K followers, excellent Google reviews. Winner of Time Out Bar Award on opening.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Yearly Summary

Figures include GST unless stated otherwise

Annual Revenue

$1,700,000

Estimated Stock (Additional)

$20,000

Price

$699,000
+ Estimated Stock (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.