Listing Number: 32457-163604
WIWO | Rent $108,647 pa | $2,089 pw
OWNERS EARNINGS / NET PROFIT: $ confidential
Versatile and well-established Lounge / Bar / Functions space strategically located in a highly sought-after city fringe area. The business boasts a designer on-trend fit-out. Currently runs as a Bar and has potential to play host to a variety of corporate and private functions and events.
The business is ideally located and easily accessible being situated at the edge of the CBD. The location is well serviced by a variety of public transport.
A vibrant night life, iconic neighbouring tenants, close by university and high tourist area.
Aug-2020 plus 5 Year option
7 day if desired
Staff Management, Customer Service, Stock Buying, Events Management, Business admin.
These premises and elaborate fit-out offer an astute operator the ability to enter this dynamic suburb with all the hard work complete. Fully licensed and fitted with a full commercial kitchen this business is ready for growth and would benefit any new owner to either simply take over and run status quo then ramp up with a Complimenting food offer, Database Marketing, Brochure Drop, Social Networking, Price Increases, Extended trading. Usage of current vacant upstairs area, be it function/dining or office use.
There are also provisions in the lease to reduce rental by subletting upstairs - 100+sqm with bathroom/shower facility plus dry store and prep area complete with wash sinks and refrigeration.
Reason for Sale
12-year trading history.
About the Business| Owners contribution
Currently under management - this business is operating with little to no marketing.
Owner has overcommitted in other very successful projects and as such this is an ideal opportunity for an operator to reap from the current design, license, location and very functional/user friendly set-up.
The kitchen is conveniently located, well-proportioned and fully fitted with:
• Commercial dishwasher
• 6 Burner Gas stove
• Commercial - convection oven
• Double fryer
• Full stainless appliances, shelving and work benches
• Ample storage
The Dining/Bar area is ambient; exposed brick, laden with timber, industrial yet elegant, warm and inviting with great acoustics and beautifully lit.
Back-lane access and ground level position of keg room allows for easy deliveries.
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $110,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Inventory: $0
- FF&E: $0
- Reason for Selling: Overcommited
- Category: Restaurants