Bar - Restaurant - Functions - Cocktail Bar - Bar Cocktails -tapas Bar - Nth Shore - Syd - Sales $25,000 P.w - Seats 110

Business For Sale NEW SOUTH WALES 2065, New South Wales

Business Category Supermarket

$698,000.00

Description

Bar - Restaurant - Functions - Cocktail Bar - Bar Cocktails -tapas Bar - Nth Shore - Syd - Sales $25,000 P.w - Seats 110

Bar - Restaurant - Functions - Cocktail Bar - Lower North Shore - Agent SBX Code Number: F3376

Cocktail Bar -restaurant - functions - The bar is the primary source of income and has a chic and sophisticated interior, innovative cocktails, a hand picked selected wine list, a range of quality craft beers and is matched with a tapas style food menu including share plates of chorizo, zucchini fries, chicken wings, oven-baked haloumi and wild mushroom risotto balls or order off the a la carte menu which includes three cheese croquettes, crispy pork belly, Italian pork and veal meatballs and tantalising desserts. - Its a bar with a clever kitchen but the focus is mostly on the drinks. - seats 10 - 80 people - Full kitchen.

Potential
Could open for breakfast and lunch to increase sales revenue. - Do more social media advertising .

Features
Extremely good social media reviews - Live music on Sundays - Private bars for functions - High food and alcohol margins - Great social media reviews -.Can be run under management .

Premises
Business is made up of two bars, a restaurant and function centre with a total area of 300 sq. mts.

Location
Hot location in popular iconic North Shore Sydney dining precinct .

Trading Hours
7 days - Sun. -Tues. - 3 p.m. - 10 p.m. - Wed. - 3 p.m. - 11 p.m. - Thurs. - Sat. - 3 p.m. to 12 a.m.

Lease
Current lease expires Sept. .2023 - 5 % annual rental increases - 6 month bond - The lease can be assigned to a suitably qualified buyer or can apply to the landlord for a new lease .

Employees
Two owners + 3 full timers + 5 / 6 casuals - 1 owner works 5 days a week as the chef - the other owner manages the administration side of the business but does not often attend in person .

Comments
Two bars with different themes - restaurant seating throughout the business and a separate function room which caters for between groups of 10 to 80 people for birthdays - engagements - after birthdays - birthdays - engagement, after work drinks, leaving parties - celebrations or corporate events .

Agent SBX Code Number: F3376 - Sydney Business Exchange
Contact Seller
Sue Blatchford

Bsale ID: 529054
Broker REF: F3376

SBX Business Brokers
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