Locals Favourite Bar & Restaurant - Lower North Shore
A Thriving, Well-Established Venue with Consistent Growth & Strong Profits.
This beloved Lower North Shore bar and restaurant is a rare opportunity to acquire a highly profitable, managed venue with year-on-year revenue growth.
Generating $1.1M in revenue for FY 2024 with a 13% net profit, this business operates efficiently with a stable and experienced kitchen and front-of-house team.
With a long lease secured until 2032 and a low rent-to-revenue ratio of just 10%, this is a turnkey opportunity for an owner-operator or hospitality investor looking to acquire a well-run business with minimal owner involvement.
Key Highlights:
*Revenue: $1.1M+ in FY 2024, with 13% net profit
*Profitability: Well-structured with low overheads and strong financials
*Management: Fully staffed with a consistent established team and minimal owner input (1-2 evenings per week)
*Prime Location: Sought-after Lane Cove position with minimal competition
*Strong Lease Terms: Locked in until 2032, low rent ($1,982 p/wk, 10% of revenue), minimal outgoings, and 2.5% annual increases
*Facilities: Well-equipped kitchen with all equipment recently servicedno additional investment required
*Capacity: Seating for 90+ guests (indoor & outdoor)
*Trading Hours: 6 evenings, 2 days per week with a midnight liquor license
*Reputation: 4.8-star Google rating, 1,300+ Facebook followers, strong local following
*Included in Sale: Licenses, branding, social media, equipment, and goodwill
Who is this Business Perfect For?
*Owner-Operator - Ideal for a hands-on hospitality entrepreneur looking to take over a stable, profitable business
*Hospitality Group or Investor - A great addition to an existing portfolio with strong systems in place
*Chef or Restaurateur - A prime opportunity for a chef seeking to step into ownership without starting from scratch
With a well-known industry expert having set up and refined this venue, the current owner is happy to provide a smooth, warm handover to ensure a successful transition for the new owner.
This is a rare opportunity to acquire a thriving, managed business in one of Sydney's most desirable areas. Enquire today!
Note: Generic image used for confidentiality
Lease Details:
5 x 5 x 5 Commenced June 2017
2.5% annual rent increases
Three month bond is required.
Premises Details:
Approx. 100 square metres with indoor and outdoor seating for 100 guests.
Toilets, Full commercial kitchen and Walk in cool room.
Staff Details:
Bar Manager
Head Chef & Sous Chef
plus casuals
Owner 1-2 shifts weekly
Opening Hours:
Mondays - Closed
Tues - Friday from 5pm
Sat & Sunday From 2pm
Opportunity:
Business Potential & Growth Opportunities
Despite already performing well, the business offers multiple avenues for further growth:
*Expand Trading Hours - Currently only open 6 evenings & 2 days, leaving room for additional lunch trade or brunch service
*Increase Function Bookings - The space is ideal for private events, functions, and group bookings
*Leverage Midnight Liquor License - Extend late-night trading and capitalize on the existing license
*Community Engagement & Marketing - With a well-loved brand, boosting local marketing could further drive customer engagement
*Hands-On Owner Potential - With greater owner involvement, profitability could easily grow beyond 15%
**Weekly**
Sales $23,700
Rent $1,982
Wages $7,800
Net Profit $3,032
