Business For Sale Neutral Bay, New South Wales 2089
Business Category Function Centre Pubs
$170,000
Description
Cocktail & Craft Beer Bar – Lower North Shore For Sale
The current owner established the Bar 12 years ago and has enjoyed a solid history of success. The Bar has a retro fit out that appeal to an older, more affluent clientele. With a capacity of 100 patrons, the business has seating for approximately 60 people, space for a band or DJ to play music and a fully functional bar, including a wide variety of craft beers on tap.
The bar has the infrastructure that will allow people interested in brewing their own craft beer on-site. There is an All-Grain Brewing Kit – 50 litre System with 2 x 100 litre fermenters.
Located in a very busy and popular shopping strip with plenty of restaurants nearby. The Bar is very well situated to service the higher end of the socio-economic clientele that live in the local area. They have a very loyal customer base that generates a high level of repeat business.
The bar also caters for a wide variety of functions for personal or corporate clients, especially when looking to hire the entire bar without sharing the space with the public.
This is a great opportunity for any new owner to take an already well-established small bar and build on its reputation. The Bar has an onsite brewery for its very popular beers and vast array of top line Whiskeys and Rums.
The bar comes with a great fit-out both behind the bar and the general area. As mentioned, the style is of a period in the 20’s and with comfortable couches and stylish furniture, the bar creates an intimate atmosphere as soon as you walk through the door.
This is an ideal business to expand your existing hospitality portfolio or to buy into a successful business with a solid income looking to take advantage of the previous owner’s solid foundations.
Key Points
• Primarily services clients based locally on the lower North Shore
• 100-person capacity
• Prime location with plenty of off-street parking close by.
• High socio-economic suburbs within a 10kms
• Ideal business for someone in the hospitality industry, that wants a cheap price point to owning their own business.
• Only open 5.5 days with the ability to open 7 days. Closed Monday and on open in the afternoon, early evening on Sunday
• Loyal Customer base
• Strong Brand awareness in the local area
• Owner willing to stay on for a negotiated period to help with transition.
• Walk in cool room 10 x 2m.
• Cycle Beer system with 6 taps
This is an ideal way to buy into an existing business that will generate a solid income but has the ability for you to increase the bottom line in numerous ways.
1) Firstly, if you bought the business and extended the trading hours and days, it will instantly increase your revenue. Current owner is looking to retire due to health reasons.
2) Secondly, the solid foundation that has been established will allow the new owner to increase their client base with a combination of referrals from existing clients but also by marketing the business more extensively on social media
3) Thirdly, the new owner / owners could me more active in the business by doing more hours with customers and taking on the management role
This is also a perfect business for an existing bar owner or someone in hospitality to take on. With its proven loyal client base and exiting staff, this will increase your company’s bottom line in no time at all.
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