Business Sold Barangaroo, New South Wales 2000
Newtown's Original Small Bar
A rare opportunity to own a Newtown establishment
For almost a decade, this Newtown small bar has been a favorite with locals and visitors. The concept is simple: quality cocktails, local beer on tap and an unassuming food menu designed to make patrons stay all night. The books reflect healthy profits, and the business is ready for a new owner to step in and make money immediately.
Perfectly positioned on King Street, this bar is ideally placed to make the most of Newtown's bustling nightlife. Its unique design is inviting to walk-by patrons, who make up a large part of the customer base, alongside it's loyal regulars. Nestled within an old Victorian terrace the interior is deceivingly large spread across two levels and boasts a rooftop which has become a Newtown staple on sunny days. With a strong reputation built through positive word of mouth, and features in Broadsheet, Concrete Playground, Urbanlist, Qantas Traveller Insider, this is a unique opportunity to own a Newtown establishment.
Currently operated under full management, the day-to-day running of the business is simple. Brimming with potential, this bar could suit an investor with little hospitality experience, or could be taken further by an experienced owner/operator.
License: Small bar - Monday-Sunday: 12pm-2am
Length of operation: Since 2010.
Lease: 6 years remaining on current lease with an option of a further 5 years (2029).
Turn over: $1.1 million
Net Profit: ~$300,000
Operated under full management, very experienced team in place to continue at the highest standards
Contact us now for more information!
Click on the ENQUIRE NOW link to complete the confidentiality agreement.
Listing Ref: #NSW08819
Broker: Paul Helliwell
To complete an online Confidentiality Agreement visit this business at: XXXXXXXXXX
The purchaser to make his/her own investigations and enquiries in relation to the business and not rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Timestamp: XXXXXXXXXX 0138
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