Step into a thriving, well-established restaurant and bar that's bursting with character, charm, and untapped potential! Housed in a beautifully restored old home, this venue offers a warm and inviting atmosphere with seating for approximately 200 guests. But that's just the beginning-there's also a stylish function space, a vibrant laneway, and an outdoor seating area, providing endless opportunities for growth and creativity.
Why This Business is a Must-See:
Prime Inner-City Location - Surrounded by office buildings, local residents, and government employees, plus positioned within a bustling shopping precinct.
Diverse Revenue Streams - Currently serving a delicious pub-style menu with 8 iced-cold beer taps, alongside game nights, live music, and special events.
Huge Growth Potential - Reintroduce breakfast service to capitalize on morning foot traffic or expand the event offerings to drive even more revenue.
Strong Financials - Generating an average turnover of $15K+ per week, with COGS under 30% and rent at approximately 10%, ensuring healthy profit margins.
Solar Panels - Recently installed solar panels helping to decrease the businesses energy costs.
This is more than just a restaurant-it's an exciting business with rock-solid foundations and room to grow. Don't miss your chance to make it your own.
Lease Details
New 5 year lease on offer - Rent $1,506 a week - 5% reviews
Premises Details
400 sqm approx, bathrooms, full kitchen, outdoor dinning area and laneway.
Large Bar, back bar and functions space.
Seats 200 people
Staff Details
8 staff - 4 fulltime - 4 casual
Opening Hours
Mon - closed
Tues - Thurs: 2pm - 9pm
Friday: 11am - 10pm
Saturday: 11am-10pm
Sunday: 11am - 8:30pm
Opportunity
Extend the trading hours and offer Breakfast, the venue used to do Breakfast from Friday Sunday which was very successful.
Push for more functions as it simple has a great space for them!
**Weekly**
Sales $15,993
Rent $1,506
Wages $6,908
Net Profit $3,235 (working owner)
