Sth American Resturant Bar W/ Food Truck

*Location*

The business operates from a highly visible – high traffic leased premises on the Northern Beaches. It is ideally situated close to beaches, tourist destinations & Hotels plus walking distance for local residents.

*About The Business*

This South American Restaurant & Bar is a popular nightspot located in a multi-story venue on the northern beaches. The venue serves cocktails, beers, wine and plenty more for drinks. While the food is a unique South American menu with nothing else like it on the northern beaches. The Business owner is currently involved in the day to day operations but the reliance on an owner operator is very low as a bar manager and head chef are employed.

The venue runs a fully integrate CRM for their function centre. During the day part of the venue operates as a co-working space and the restaurant operates a highly successful food truck services festivals and events while marketing the business.

The Business is marketed through a large social media following with great scores on online venue review sites. The contribute a sponsorship to a local sporting organization an maintain sustainability Partnerships

The business has positioned itself as more sophisticated than its competitors in the immediate vicinity. This would allow the incoming buyer to service a premium clientele

The diverse income stream provided by franchising of the food trucks allows the buyer to grow their bottom line while maintaining the stability of the existing premises

The current owner has identified the benefit that this food truck has brought to their business and has created a plan to franchise the food trucks to capitalise on the budding industry of mobile food vendors

The estimated cost to establish the franchise system yielding a projected $10m turnover would be $650,000.

This business is a fantastic opportunity to standout in the hospitality industry. There is plenty of opportunity to expand the offerings of the business to suit the needs of the new owner. This could include later trading hours or offering lunch during the day.

The Business has the following licenses and approvals
-approved by the department of immigration and citizenship for visa sponsorships.
- 3AM liquor License
- authorised to sell alcohol without a meal
- footpath license
- PPCA license
- Outdoor Food Stall Permit (Northern Beaches Council)

*Potential*

Expand Trading Hours to take advantage of 3am liquor license
Open for lunch during the day to target nearby business & tourists
Booking Food Truck for more events and festivals
Franchise the food truck generating a predicted $10mil turnover
Secure lease allows for long term strategy
Possibility to expand within current premises


*Training*

Current owner works as the venue manager and employees a head chef and bar manager.
RSA required.

*Trading Hours*

Mon - Sun 7am - 10pm


*Lease*

Lease until 31 May 2021 w/ opportunity to renew, Annual CPI
Opportunity to expand within building
1 onsite car park


*Employees*

1 owner
3 Full time
6 Casuals

*Reason For Sale*

Other business Interests

*Trading Hours*

The Business was established in 2014 and bought by the current owner in 2016

*Financials*

Period (Per Year)

Revenue: $1,236,175
Rent: $133,563
Expenses: $739,428
Net Profit: $178,956