Prominently located on Enmore Road, NSW's first Special Entertainment Precinct, and adjacent to the Enmore Theatre, this casual yet upmarket restaurant is available for sale for the first time!
This is a well-positioned business in Newtown with a 4.2m street frontage with parking at the doorstep. Not many opportunities like these come to market regularly. Although the owner is involved in the day-to-day operation of the business, it is set up to be run under management as the current owner frequently steps away from the business - all the processes and procedures are all in place for an easy transition to be fully under management.
The location has significant passing trade being on Enmore Road as well as a constant stream of local residents and Enmore Theatre patrons. Located on the Enmore Road Special Entertainment Precinct.
The restaurant serves a unique offering of 'fusion cuisine'. Fully licensed, It boasts an impressive turnover of $22.5k per week with an average spend of $80 pax. Open 5 nights a week only for a total of 21 operational hours per week! Training is available.
The lease has 4.5 years remaining including the option and the total rent is approximately $1,950 plus GST per week. A further Option is possible for the new owner upon application.
The opportunity here is to capitalise on the current constant sales, the location and the existing customer base. Opportunity for further day or night operation as well. Possibility of expanding seating capacity to upstairs area. Training is available!
Lease Details
The 4 x 4 year lease commenced February 1, 2021
With the Option, the lease expires on January 31, 2029
A $31,000 bank guarantee is required.
Guarantors are required for the lease
Premises Details
Approx. 145m2 full commercial kitchen, fully licensed with a storage rooms upstairs (no residential). Indoor seating for 50. Outdoor/Footpath seating area for 8 (STCA). Well equipped and presented with renovations completed recently.
Staff Details
The business is run by the following:
1 x Full Time Owner
1 x Full Time Sous Chef
1 x Full Time Chef
1 x Part Time Chef
1 x Part Time Kitchen Hand/Cook
1 x Full Time FOH Supervisor
1 x Part Time FOH
2 x Part Time Waiters
1 x Part Time Allrounder
1 x Part Time Bartender
The total operational hours are currently 21 per week
Opening Hours
5 nights (Closed Monday-Tuesday)
Wed, Thus, Sun 5:00 pm to 9:00 pm
Fri Sat 5:00pm to 9:30pm
Total of 21 operational hours per week
Opportunity
The opportunity here is to capitalise on the current constant sales, the location and the existing customer base. Opportunity for further day or night operation as well. Possibility of expanding seating capacity to upstairs area. Training is available!
* * Weekly * *
Turnover $22,413
Rent $1,898
Wages $6,196 (excluding owner)
Net Profit $3,686
