Visit this listing at https://www.sbx.com.au/business?id=SF1451

Business Code: SF1451

Key Features: Bar - Restaurant - Cafe - Bondi - Sales $31,000 p.w. - Nett $5,528 p.w.

State: NSW

Suburb: Bondi Beach, 2026

Location: Busy corner location close to an iconic beach and next to a popular hotel on a busy street and surrounded by residential and tourists in the Eastern Suburbs.

Description

Two shops in one - Bar - Restaurant - Takeaway serving Asian tapas and street food including tempura, dumplings, pork buns, gyozas, buffalo wings, satay, salads, sushi and sashimi, pork belly sliders, chilli chicken, desserts. - Fully licensed with beer on tap, wines, sake and spirits and cocktails - Full kitchen with cool room - Wifi - Air conditioned - 150 seats inside and 18 outside. - Two shops in one (bar and restaurant) - Very strong sales in June 2020 and Rent has been reduced to $2,884 p.w. ex gst for June & July 2020 ($150,000 ex gst per year )

Summary

  • Features: Very well known - Great corner location within walking distance to beach - Fantastic atmosphere and vibe - Home delivery - Close to a very popular hotel - Nothing to spend - Local beach side Icon
  • Potential: Could open during the day - Add live music on more days - Introduce more functions and tasting dinners - Suit many cuisines - Promote coffee and open during the day as a cafe especially on the weekends as this is a big opportunity -
  • Premises: Popular, Modern and upbeat bar / restaurant with exposed brick walls, very visible from the street, corner position, storage, toilets with an area of 194m2
  • Trading Hours: 5 days - Currently closed Mon & Tuesday - Wed. - 5 p.m. till 11 a.m,. - Thurs. and Sat. - 1 p.m. till 12 a.m. - Sun. - 7 a.m. till 10 p.m.
  • Lease: Current lease expires Feb. 2020 + 5 year option - C.P.I. increases - currently a 4 month bond
  • Employees: 1 owner + 3 fulltimers + 13-15 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$31,200

Cost of Goods

$9,800

Gross Profit

$21,400

Rent

$5,970

Wages

$7,200

Outgoings

$173

Telephone

$70

Insurance

$84

Electricity

$255

Misc1

$1,720

Misc2

$400

Total Expenses

$15,872

Estimated Stock (Additional)

$25,000

Net Profit

$5,528

Price

$398,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Tapas - Cocktail Bar - Restaurant - Cafe

Business Code: SF1451
Price: $398,000

Key Features: Bar - Restaurant - Cafe - Bondi - Sales $31,000 p.w. - Nett $5,528 p.w.

State: NSW

Suburb: Bondi Beach, 2026

Location: Busy corner location close to an iconic beach and next to a popular hotel on a busy street and surrounded by residential and tourists in the Eastern Suburbs.

Description

Two shops in one - Bar - Restaurant - Takeaway serving Asian tapas and street food including tempura, dumplings, pork buns, gyozas, buffalo wings, satay, salads, sushi and sashimi, pork belly sliders, chilli chicken, desserts. - Fully licensed with beer on tap, wines, sake and spirits and cocktails - Full kitchen with cool room - Wifi - Air conditioned - 150 seats inside and 18 outside. - Two shops in one (bar and restaurant) - Very strong sales in June 2020 and Rent has been reduced to $2,884 p.w. ex gst for June & July 2020 ($150,000 ex gst per year )

Summary

  • Features: Very well known - Great corner location within walking distance to beach - Fantastic atmosphere and vibe - Home delivery - Close to a very popular hotel - Nothing to spend - Local beach side Icon
  • Potential: Could open during the day - Add live music on more days - Introduce more functions and tasting dinners - Suit many cuisines - Promote coffee and open during the day as a cafe especially on the weekends as this is a big opportunity -
  • Premises: Popular, Modern and upbeat bar / restaurant with exposed brick walls, very visible from the street, corner position, storage, toilets with an area of 194m2
  • Trading Hours: 5 days - Currently closed Mon & Tuesday - Wed. - 5 p.m. till 11 a.m,. - Thurs. and Sat. - 1 p.m. till 12 a.m. - Sun. - 7 a.m. till 10 p.m.
  • Lease: Current lease expires Feb. 2020 + 5 year option - C.P.I. increases - currently a 4 month bond
  • Employees: 1 owner + 3 fulltimers + 13-15 casuals
  • Sale Reason: Moving overseas
  • Comments: Misc.- 1 - Other general expenses and GST. - Misc.- 2 - Storage costs, Outdoor seating - Sales shown are a yearly average per week. - Sales are much higher over the summer months - Huge opportunity to open for breakfast and coffee on Fridays to Sundays - Rent shown is for two shops.
    This is a very well known and busy bar and restaurant which offers two dinner sittings. - First time on our books and good financials available.
    - Brilliant opportunity to own one of the most popular bars with excellent clientele and still potential to increase sales and profit!! NB - Rent has been reduced to $2,884 K p.w. ex gst $150,000 per year ex gst) for June & July 2020 and opening 5 days only with very strong sales

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

Weekly Summary

Weekly Takings
(inc GST)

$31,200

Cost of Goods

$9,800

Gross Profit

$21,400

Rent (ex GST)

$5,970

Wages

$7,200

Outgoings

$173

Telephone

$70

Insurance

$84

Electricity

$255

Misc1

$1,720

Misc2

$400

Total Expenses

$15,872

Estimated Stock (Additional)

$25,000

Net Profit

$5,528

Price

$398,000

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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.