Presenting a fantastic bar with kitchen turning over $50,000 per week that has established itself as a prime spot for locals going out for dinner, a night out, group bookings and functions. Whether standing for cocktails or sitting and eating there is plenty of space for everyone with a capacity for 100 seats and up to 300 standing. With minimal competition and maximum visual appeal, this venue is a standout.
This fully fitted, architecturally designed venue offers a refined blend of Italian-inspired charm and coastal vibes, complete with lush greenery, terrazzo finishes, festoon lighting.
In a busy precinct this venue presents well as a unique business that attracts its own customers with a well-established entertainment offering including DJ's, trivia and weekly shows that keep the customers coming back.
Owning this business will also grant the buyer ownership of the brand which has been licensed to go with a business that has been developed to be replicated.
The business itself is profitable with an excellent lease and team in place that can continue to run under management (100% under management currently) or could be taken by an owner operator(s) looking for a great business!
Lease Details
The 4.5 x 10 year lease commenced in Dec 2019. 3% CPI increases A Three-month bond is required.
Premises Details
300sqm - Full commercial kitchen and store room. Undercover, indoor, Outdoor seating area + Internal Toilets
Staff Details
The business is currently run under management with 4 salaried staff (3 FOH and 1 Kitchen) with a casual team of 5
Opening Hours
6 days.
Tuesday 5-9pm
Wednesday 5-9:30pm
Thursday 5-9:30pm
Friday 12-12am
Saturday 12-12am
Sunday 12-9pm
Opportunity
Incredible opportunity to reproduce this concept and brand. It has been built with this idea front of mind.
Further increase profitability by improving COGS, Wages and overspend on some expenses.
**Weekly**
Sales $45,248.88
Rent $3,205.99
Wages $14,449.76
Net Profit $5,548.32
