Visit this listing at https://www.sbx.com.au/business?id=SF1553

Business Code: SF1553

Key Features: Bar - Cocktail Bar - Glebe - Takings $18,000 p.w. - Netts $3676 p.w.

State: NSW

Suburb: Glebe, 2037

Location: Excellent location on a busy main road and a popular dining strip, surrounded by residential, university, commercial and retail in the heart of a suburb in the Inner West

Description

Bar - Restaurant - Cocktail Bar currently serving Southern style food including tacos, freshly shucked oysters, pulled pork, ribs with chimichurri, southern fried chicken, desserts and other specials - Full state of the art kitchen with a combi oven, cool room and walk in freezer - Fully licensed with a PSA License and selling lots of cocktails as well as wine and beer - 50 seats inside and 20 seats outside - New sound system and new ducted reverse cycle air conditioning throughout - New tap beer system.

Summary

  • Features: Reasonable rent and a long lease - Outdoor seating - PSA Licence - Award-winning interior designer - Lots of pre booked functions and bookings - Excellent reputation.
  • Potential: Could open for breakfast and brunch - Could open more hours and on Mondays - Do some advertising and marketing - Suit any cuisine or theme - Could add coffee during the day
  • Premises: Beautiful freestanding building with historic facade bar with outdoor courtyard, a new designer fit out, skylights, hanging plants, dramatic design and periwinkle blue seating and an area of 180m2
  • Trading Hours: 6 days - Tues. - Wed. - 5 p.m.- 10 p.m. - Thurs. - Fri. - Sat. - 12 p.m.- 12 a.m. - Sun. - 12 p.m.- 10 p.m.
  • Lease: Current lease expires Aug. 2022 + 3 year option - CPI increases - 3 month bond
  • Employees: 1 Manager + 2 fulltimers + 7 casuals
  • Comments: Misc.- 1 - Other general expenses + GST. - The fit out alone cost over $350k and everything is less than 12 months old this includes equipment value of over $90,000 - A full equipment list is available and good records after a meeting. - The managers wage of $1,200 p.w. has been removed from wages and shown in profit as for an owner operator - Open since October, 2018.

Weekly Summary

Weekly Takings (inc GST)

$18,000

Cost of Goods

$5,900

Gross Profit

$12,100

Rent

$1,600

Wages

$5,300

Outgoings

$254

Telephone

$20

Insurance

$70

Electricity

$390

Gas

$140

Misc1

$650

Total Expenses

$8,424

Estimated Stock (Additional)

$9,000

Equipment (Included)

$90,000

Net Profit

$3,676

Price

$258,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Cafe - Restaurant - Cocktail Bar - Under Management

Business Code: SF1553

Key Features: Bar - Cocktail Bar - Glebe - Takings $18,000 p.w. - Netts $3676 p.w.

State: NSW

Suburb: Glebe, 2037

Location: Excellent location on a busy main road and a popular dining strip, surrounded by residential, university, commercial and retail in the heart of a suburb in the Inner West

Description

Bar - Restaurant - Cocktail Bar currently serving Southern style food including tacos, freshly shucked oysters, pulled pork, ribs with chimichurri, southern fried chicken, desserts and other specials - Full state of the art kitchen with a combi oven, cool room and walk in freezer - Fully licensed with a PSA License and selling lots of cocktails as well as wine and beer - 50 seats inside and 20 seats outside - New sound system and new ducted reverse cycle air conditioning throughout - New tap beer system.

Summary

  • Features: Reasonable rent and a long lease - Outdoor seating - PSA Licence - Award-winning interior designer - Lots of pre booked functions and bookings - Excellent reputation.
  • Potential: Could open for breakfast and brunch - Could open more hours and on Mondays - Do some advertising and marketing - Suit any cuisine or theme - Could add coffee during the day
  • Premises: Beautiful freestanding building with historic facade bar with outdoor courtyard, a new designer fit out, skylights, hanging plants, dramatic design and periwinkle blue seating and an area of 180m2
  • Trading Hours: 6 days - Tues. - Wed. - 5 p.m.- 10 p.m. - Thurs. - Fri. - Sat. - 12 p.m.- 12 a.m. - Sun. - 12 p.m.- 10 p.m.
  • Lease: Current lease expires Aug. 2022 + 3 year option - CPI increases - 3 month bond
  • Employees: 1 Manager + 2 fulltimers + 7 casuals
  • Comments: Misc.- 1 - Other general expenses + GST. - The fit out alone cost over $350k and everything is less than 12 months old this includes equipment value of over $90,000 - A full equipment list is available and good records after a meeting. - The managers wage of $1,200 p.w. has been removed from wages and shown in profit as for an owner operator - Open since October, 2018.

Weekly Summary

Weekly Takings
(inc GST)

$18,000

Cost of Goods

$5,900

Gross Profit

$12,100

Rent (ex GST)

$1,600

Wages

$5,300

Outgoings

$254

Telephone

$20

Insurance

$70

Electricity

$390

Gas

$140

Misc1

$650

Total Expenses

$8,424

Estimated Stock (Additional)

$9,000

Equipment (Included)

$90,000

Net Profit

$3,676

Price

$258,000

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