Visit this listing at https://www.sbx.com.au/business?id=SFA1032

Business Code: SFA1032

Key Features: Bar - Restaurant - Sales $12,000 p.w.- Profit $2648 pw - City Fringe Nsw

State: NSW

Suburb: Newtown, 2042

Location: Situated in busy restaurant and cafe strip on City Fringe.

Description

Bar - Restaurant - Trading 5 nights casual dining in fun environment, good reviews and serving fully plant based food, wine, beer and cocktails - Meals include sago chips with seaweed caviar, foccacia with pickled onions, roasted kiffler potatoes with chimichurri & sea salt, kumera & ginger wontons, green mango salad with beans, chilli & rocket, crispy soft tofu with scallion soy sauce & fried vermicelli, scallops with celeriac, spiced tofu parcels with braised shiitake mushroom, - Kitchen includes exhaust and grease trap. - Glycol beer system - Fully licensed with a PSA license in place - 75 seats

Summary

  • Features: Great reviews - Great decor - Dual entrance - Loyal customers - Nothing to spend - Main street appeal - Short hours - Glycol beer system
  • Potential: Increase trading hours - Utilise social media platforms - Open for lunch time trade - Could apply for small bar license - Utilise delivery services - Owner operator to save on wages - Revamp court yard - Live entertainment
  • Premises: Rustic decor with large bar and wooden tables & booth seating and court yard, a refined and beautifully designed room and area of 210 sq. mts
  • Trading Hours: 5 days - Wed. - Sun. - 5 p.m. - 12 Midnight
  • Lease: Current lease expires February, 2024 + 3 year option - 3% annual increases - 3 month bond
  • Employees: Manager + Chef + 6 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$12,000

Cost of Goods

$3,600

Gross Profit

$8,400

Rent

$1,640

Wages

$3,400

Telephone

$15

Insurance

$103

Electricity

$291

Gas

$122

Misc1

$139

Misc2

$42

Total Expenses

$5,752

Estimated Stock (Additional)

$15,000

Net Profit

$2,648

Price

$115,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Cocktail Bar - Restaurant - Under Management

Business Code: SFA1032
Price: $115,000
+ Estimated SAV $15,000

Key Features: Bar - Restaurant - Sales $12,000 p.w.- Profit $2648 pw - City Fringe Nsw

State: NSW

Suburb: Newtown, 2042

Location: Situated in busy restaurant and cafe strip on City Fringe.

Description

Bar - Restaurant - Trading 5 nights casual dining in fun environment, good reviews and serving fully plant based food, wine, beer and cocktails - Meals include sago chips with seaweed caviar, foccacia with pickled onions, roasted kiffler potatoes with chimichurri & sea salt, kumera & ginger wontons, green mango salad with beans, chilli & rocket, crispy soft tofu with scallion soy sauce & fried vermicelli, scallops with celeriac, spiced tofu parcels with braised shiitake mushroom, - Kitchen includes exhaust and grease trap. - Glycol beer system - Fully licensed with a PSA license in place - 75 seats

Summary

  • Features: Great reviews - Great decor - Dual entrance - Loyal customers - Nothing to spend - Main street appeal - Short hours - Glycol beer system
  • Potential: Increase trading hours - Utilise social media platforms - Open for lunch time trade - Could apply for small bar license - Utilise delivery services - Owner operator to save on wages - Revamp court yard - Live entertainment
  • Premises: Rustic decor with large bar and wooden tables & booth seating and court yard, a refined and beautifully designed room and area of 210 sq. mts
  • Trading Hours: 5 days - Wed. - Sun. - 5 p.m. - 12 Midnight
  • Lease: Current lease expires February, 2024 + 3 year option - 3% annual increases - 3 month bond
  • Employees: Manager + Chef + 6 casuals
  • Sale Reason: Other business interests
  • Comments: Misc.- 1 - Other general expenses -The Managers wage of $1,100 p.w. has been removed and shown in net profit as for an owner operator - Manager and staff have indicated they can stay on if required - Owner does not work in the business. - Coffee machine owned by coffee supplier. - Nominated for Timeout Bar Awards 'Best New Bar' - A must to inspect but please be very discreet. - Meetings by appointment.

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)

$12,000

Cost of Goods

$3,600

Gross Profit

$8,400

Rent (ex GST)

$1,640

Wages

$3,400

Telephone

$15

Insurance

$103

Electricity

$291

Gas

$122

Misc1

$139

Misc2

$42

Total Expenses

$5,752

Estimated Stock (Additional)

$15,000

Net Profit

$2,648

Price

$115,000
+ Estimated SAV $15,000

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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.