Visit this listing at https://www.sbx.com.au/business?id=SF1505

Business Code: SF1505

Key Features: Takeaway - Cocktail Bar - PSA Licence - Tapas - Inner City Sydney - Darlinghurst

State: NSW

Suburb: Darlinghurst, 2010

Location: Situated on a busy main street in a very densely populated area known for its local bars and eateries in the Inner City area and minutes from the train station .

Description

Bar with PSA - Tapas - Restaurant - Currently closed this is a wiwo and not selling on figures opportunity - Was Trading five nights with loads of atmosphere, good reviews and serving seasonal and simple good bar food including steak, seafood and a selection of tapas . - Takings approx. 60% cocktails - 40% food. - Kitchen includes exhaust and grease trap. - Fully licensed with a PSA license in place - 50 seats - Figures shown are the weekly average for 2019 - Currently closed during Covid-19 (March 2020 to present) This is currently not a going concern and gst may be applicable of 10% - No stock

Summary

  • Features: Long lease - Easy to learn menu and training provided - Very popular - Lifestyle business - 5 nights only - Nothing to spend - PSA License and ready to trade again - No Lockout laws
  • Potential: Could open more days and nights - Open for private functions and catering - Could introduce cafe by day / open for lunch - Continue to grow the business
  • Premises: All new set up New York style bar with marble table tops and large bar, a refined and beautifully designed room and area of 75 sq. mts.
  • Trading Hours: 5 nights - Tues - Sat. - 5 pm - 12 midnight (Currently closed)_
  • Lease: Current lease expires June, 2022 + 5 year option - 4% increases, - 3 month bond.
  • Employees: 1 owner + 2 parttimers + 1 casual
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$11,400

Cost of Goods

$3,200

Gross Profit

$8,200

Rent

$1,898

Wages

$3,000

Telephone

$20

Insurance

$80

Electricity

$165

Gas

$80

Misc1

$550

Total Expenses

$5,793

Net Profit

$2,407

Price

$68,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar -Takeaway - Restaurant - Cafe

Business Code: SF1505
Price: $68,000

Key Features: Takeaway - Cocktail Bar - PSA Licence - Tapas - Inner City Sydney - Darlinghurst

State: NSW

Suburb: Darlinghurst, 2010

Location: Situated on a busy main street in a very densely populated area known for its local bars and eateries in the Inner City area and minutes from the train station .

Description

Bar with PSA - Tapas - Restaurant - Currently closed this is a wiwo and not selling on figures opportunity - Was Trading five nights with loads of atmosphere, good reviews and serving seasonal and simple good bar food including steak, seafood and a selection of tapas . - Takings approx. 60% cocktails - 40% food. - Kitchen includes exhaust and grease trap. - Fully licensed with a PSA license in place - 50 seats - Figures shown are the weekly average for 2019 - Currently closed during Covid-19 (March 2020 to present) This is currently not a going concern and gst may be applicable of 10% - No stock

Summary

  • Features: Long lease - Easy to learn menu and training provided - Very popular - Lifestyle business - 5 nights only - Nothing to spend - PSA License and ready to trade again - No Lockout laws
  • Potential: Could open more days and nights - Open for private functions and catering - Could introduce cafe by day / open for lunch - Continue to grow the business
  • Premises: All new set up New York style bar with marble table tops and large bar, a refined and beautifully designed room and area of 75 sq. mts.
  • Trading Hours: 5 nights - Tues - Sat. - 5 pm - 12 midnight (Currently closed)_
  • Lease: Current lease expires June, 2022 + 5 year option - 4% increases, - 3 month bond.
  • Employees: 1 owner + 2 parttimers + 1 casual
  • Sale Reason: Other business interests
  • Comments: Misc.- 1- Other general expenses and GST - This business only traded 5 nights so lots of potential to open more days and further increase sales and profit. -
    Fit out cost was over $150K in Dec 2016 - Great looking venue! Potential to add more cafe items - Figures shown are weekly average for 2019 - Currently closed during Covid-19 and a wiwo and not selling on figures opportunity - Suitable to run as a cafe or introduce as a takeaway!! Meetings by appointment only!!

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

$11,400

Cost of Goods

$3,200

Gross Profit

$8,200

Rent (ex GST)

$1,898

Wages

$3,000

Telephone

$20

Insurance

$80

Electricity

$165

Gas

$80

Misc1

$550

Total Expenses

$5,793

Net Profit

$2,407

Price

$68,000

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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.