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

Business Code: SF1505

Key Features: Restaurant and Bar with PSA - Cafe - Darlinghurst - Currently Closed

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

Restaurant - Bar - Trading five nights with loads of atmosphere and serving seasonal and simple good bar food including steak, seafood and a selection of tapas . - Takings are approx. 60% cocktails - 40% food. - Kitchen includes exhaust and grease trap. - Fully licensed with a PSA license in place and a clever selection of wines and beer. - One of the best opportunities as no chef is required - Excellent sales for only 5 nights per week trade - 50 seats - Figures shown are weekly average for 2019 - Currently closed during Covid-19 and soon to re-open in August 2020.

Summary

  • Features: Profitable - Long lease - Easy to learn menu and training provided - Very popular - Lifestyle business - Staff should be prepared to stay on - 5 nights only - Nothing to spend - PSA License
  • 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
  • Lease: Current lease expires June, 2020 + 5 + 5 year option - 4% increases, - 3 month bond.
  • Employees: 1 owner + 1 full timer + 1 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

$108,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant - Takeaway - Cafe

Business Code: SF1505
Price: $108,000

Key Features: Restaurant and Bar with PSA - Cafe - Darlinghurst - Currently Closed

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

Restaurant - Bar - Trading five nights with loads of atmosphere and serving seasonal and simple good bar food including steak, seafood and a selection of tapas . - Takings are approx. 60% cocktails - 40% food. - Kitchen includes exhaust and grease trap. - Fully licensed with a PSA license in place and a clever selection of wines and beer. - One of the best opportunities as no chef is required - Excellent sales for only 5 nights per week trade - 50 seats - Figures shown are weekly average for 2019 - Currently closed during Covid-19 and soon to re-open in August 2020.

Summary

  • Features: Profitable - Long lease - Easy to learn menu and training provided - Very popular - Lifestyle business - Staff should be prepared to stay on - 5 nights only - Nothing to spend - PSA License
  • 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
  • Lease: Current lease expires June, 2020 + 5 + 5 year option - 4% increases, - 3 month bond.
  • Employees: 1 owner + 1 full timer + 1 parttimers + 1 casual
  • Sale Reason: Other business interests
  • Comments: Misc.- 1- Other general expenses and GST - Very well run business. - Excellent systems in place - This business only trades 5 nights so lots of potential to open more days and further increase sales and profit. - It is a locals favourite as well as a popular destination for tourists. -
    Fit out cost was over $150K in Dec 2016 - A must to inspect but please be very discreet and do not approach any of the staff. Great looking venue! - Figures shown are weekly average for 2019 - Figures shown are weekly average for 2019 - Currently closed during Covid-19 and soon to re-open -Won't last at this price!!

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)

$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

$108,000

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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.