City Fringe
NSW
$199,000
Bar - Restaurant - Function - EntertainmentPrice: $498,000Net Profit: $8,905 |
Visit this listing at https://www.sbx.com.au/business?id=SF1601 |
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Business Code: SF1601 Key Features: Theatre Restaurant - $22,500 pw - Restaurant - Function - Profit $8905 pw State: NSW Suburb: Liverpool, 2170 Location: Situated on a busy street with high traffic and surrounded by shops and residences, close to railway station and large shopping center. DescriptionBar - restaurant - function centre. - Good spacious area for entertainment. - Most of the weekends, reservations are full for parties and engagements. - Currently operating for only three days during weekend. - The owner has approval to work for seven days. - Full liquor license - on premise license with unlimited duration.- Full kitchen preparing various international cuisines and a small cool room - Attractive display of bar and well arranged seating area. - Spacious air conditioned area with excellent sound system and smoking room facility - 230 seats - $25,000 renovation in February,2020. Summary
Weekly SummaryWeekly Takings (inc GST)$22,500Cost of Goods$7,600Gross Profit$14,900Rent$885Wages$3,600Telephone$20Insurance$140Electricity$150Misc1$1,200Total Expenses$5,995Estimated Stock (Additional)$10,000Net Profit$8,905Price$498,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Bar - Restaurant - Function - Entertainment
Business Code: SF1601
Price: $498,000
Key Features: Theatre Restaurant - $22,500 pw - Restaurant - Function - Profit $8905 pw
State: NSW
Suburb: Liverpool, 2170
Location: Situated on a busy street with high traffic and surrounded by shops and residences, close to railway station and large shopping center.
Description
Bar - restaurant - function centre. - Good spacious area for entertainment. - Most of the weekends, reservations are full for parties and engagements. - Currently operating for only three days during weekend. - The owner has approval to work for seven days. - Full liquor license - on premise license with unlimited duration.- Full kitchen preparing various international cuisines and a small cool room - Attractive display of bar and well arranged seating area. - Spacious air conditioned area with excellent sound system and smoking room facility - 230 seats - $25,000 renovation in February,2020.
Summary
- Features: Well known for family parties and functions - Regular customers - Well established - Only 3 nights
- Potential: Could open for 7 days to increase business. - Good potential for cafe, breakfast and lunch trade. - Big potential to open during the day.- Target online marketing which will boost sales.
- Premises: This business has an area of 300 sq. mts with a well presented bar, function and entertainment centre.
- Trading Hours: 3 nights - Thurs. - Sat. - 9 p.m. - 3 a.m.
- Lease: Current lease expires in July, 2020 + 3 year options. - C.P.I. increases. - 2 months bond.
- Employees: 1 owner + 8 casuals
- Sale Reason: Other business interests.
- Comments: Misc 1 - other general expenses. - A great opportunity to continue to build this well run established and profitable business. - High number of new and regular customers pay an entry fee to gain access which is a good income. -Security and cameras.- Owner has contract with a DJ who pays a fee to visit every month which is a regular income - Sales figures shown are for only 3 days a week.
Also, well known for family parties and functions -Renovation in 2018 approx. $50K included new signage - A must to inspect. - Priced to sell !!
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)
$22,500
Cost of Goods
$7,600
Gross Profit
$14,900
Rent (ex GST)
$885
Wages
$3,600
Telephone
$20
Insurance
$140
Electricity
$150
Misc1
$1,200
Total Expenses
$5,995
Estimated Stock (Additional)
$10,000
Net Profit
$8,905
Price
$498,000
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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.
