Surry Hills Restaurant And Wine Bar – Prized Position

Business For Sale Surry Hills, New South Wales 2010

Business Category Cafe and Coffee Shop

$495,000 + SAV

Description

Surry Hills Restaurant And Wine Bar – Prized Position

This established restaurant and wine bar is currently run under management and is a destination for the locals as well as benefiting from many commuters and visitors to the area. This restaurant and wine bar boasts a strong online presence and following, with very favourable reviews.

A perfectly positioned restaurant in the sought-after suburb of Surry Hills, with no discernible competition. Primed and ready for a new operator to continue to harness the amazing potential of the location which difficult to be replicated. This business has the enviable position of being situated right in the heart of all the hustle and bustle of this thriving area.

Renowned for having a huge selection of international and Australian wines available plus a popular cocktail list and exciting new food menu which is designed to complement the great wines on their list, the business is always popular with all ages with high demand for tables especially in their outdoor area.

The Alfresco Dining area is by far the largest, and well furnished, allocated spaces in the Surry Hills area and is a huge draw card for the business.

Staff No
The business is currently run by a general manager with a restaurant manager, head chef, sous chef, chef de partie and 15 casuals.

Lease Info
The 7 x 7-year lease commenced in Sept 2018. - 4% increases - A Three-month bond is required.

Trading Times
4 days
Thursday 5pm-10pm
Friday 5pm-12am
Saturday 12pm-12am
Sunday 12pm-10pm

Size of Premises
Approx. 150 square metres. - Toilets, Full commercial kitchen and store room. Outdoor seating area

Opportunity
Extend the trading hours to an all day business as it previously traded reintroducing breakfast and a morning coffee offering along with establishing a catering side of the business. The current owner is not working in the business and a more present owner/operator would see an immediate improvement in sales and profit.

**Weekly**
Turnover (inc GST) $36,000
Rent $3,336
Wages $11,990
Net Profit​ $4,816
Contact Seller

Bsale ID: 581350

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