This high-turnover, fully managed, modern restaurant and bar attracts both loyal local customers and tourists who enjoy its authentic, zesty menu and weekly specials.
With revenue exceeding $1.2 million and strong profits, this business offers a turnkey operation with a fun and laid-back atmosphere.Located on a busy strip with major entertainment anchors, heavy foot traffic, and convenient parking, the restaurant is surrounded by affluent neighborhoods and embodies the iconic beach vibe of Sydney's Eastern Suburbs.
The business's ideal demographics not only support its current model but also provide excellent growth potential. With well-trained staff already in place, the business is positioned for further expansion.
The area benefits from a desirable mix of daily retail trade that transitions into a bustling evening entertainment hub, presenting ample opportunity for growth. Alternatively, new ownership can simply enjoy the streamlined systems and procedures that support a strong brand with an outstanding reputation and an enviable bottom line.
The restaurant boasts an expansive floor plan, including alfresco dining in a sun-drenched courtyard, with seating for over 130 guests. It also features a full commercial kitchen, grease trap, rangehood system, bar counter, and moresaving the new owner significant build costs due to the extensive fit-out and inventory already in place.
This well-established, highly profitable restaurant and bar presents an exceptional opportunity for investors, strategic buyers, or experienced owner-operators, offering multiple income streams through dine-in, takeaway, catering, and functions, and ensuring an excellent return on investment.
Key Features:
-Fully Managed
-High Foot Traffic
-Close to the Beach
-Lease until 2033
-Prime Location
-Liquor License
-Listed at $249,000
Lease Details
Commenced July 2023 (5 plus 5 Years) until 2033
Opening Hours
Monday 3 to 8pm
Tuesday 12 to 9pm
Wednesday 3 to 8pm
Thursday 3 to 9pm
Friday 12 to 9pm
Saturday 12 to 9pm
Sunday 12 to 9pm
**Weekly**
Sales $24,200
Rent $2,800
Wages $8,880
Net Profit $2,005
