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

Business Code: SF1553

Key Features: Restaurant - 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 - One of our best looking venues!

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

Restaurant - Cocktail Bar - Under Management -Bar - Cafe

Business Code: SF1553
Price: $258,000

Key Features: Restaurant - 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 - One of our best looking venues!

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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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.