Key features of this opportunity:
Turnover $2.4 million (approx.)
Profit $400k (approx.)
130+ seats with large outdoor dining/drinking area
15 years lease (minimal)
$3,200 weekly rent.
$300k re-fit just completed.
Unique fully equipped live music atmosphere as part of the bar
Conveniently located in the heart of the local CBD with high foot traffic exposure
DA APPROVED March 2024;
Extending premises up to 250 seats, with access to 3 x existing commercial kitchens
Exclusive use of 206sqm external courtyard with approval for fitout, including outdoor bar and weatherproof retractable awnings (all seasons)
Dual street frontage
Well-established over 20 years and well-known bar and restaurant.
Welcoming premises with quality fit-out and recent upgrades and a seating for approx. 130+ patrons across internal and external areas.
Licenced footpath seating for 48 at the front of the venue. Large bi-fold doors lead into a spacious restaurant with full bar and covered courtyard area.
Recent (April 2024) upgrades of music production equipment and sound proofing ($100,000)
Casual dining menu with broad appeal to cater to breakfast / lunch / dinner and families.
New lease with 15 years left to run (5 x 5 x 5)
On-premises licence with much sought-after Primary Service Authorisation (allowing the sale of liquor without food) with excellent selection of beers, wines, spirits and cocktail menu.
Strong revenue and run under management.
Well-equipped, nothing to spend (just undergone major internal renovation in late 2020/21 $300k+)
Huge potential with DA Approval to extend premises, including extensive outdoor dining, with accountant financial projections exceeding $6 million turnover and $1 million profit.
Listing ID: NSW09725
Broker: Paul HelliwellPhone: 0419 015 046Email: paul.helliwell@linkbusiness.com.au
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Ref: NSW09725
Ref: NSW09725
Timestamp: 20240510040003
