, Darlinghurst NSW

For Sale

Food/Hospitality

$175,000 + GST

147m2

    • Brochure [ File 1 ]
    • Franchise No
    • Staff Full Time 2
    • Staff Casual 7
    • Annual Turnover 890000
    • Annual Gross Profit 660000

Business Headline : Popular Cocktail Bar, Darlinghurst.


Price : $175,000


Category : Food/Hospitality, Alcohol/Liquor, Restaurant, Cafe/Coffee Shop


This is a rare opportunity to acquire a cool, intimate bar within Sydney’s style and culture hub. The operation is well established and profitable and has been set up by an industry expert. The venue is highly regarded, a local institution.


Key Features include:



  • Relaxed fit out, beautiful lounges with art, industrial and recycled elements.

  • Bar has seating capacity for 90, offering seasonal cocktails, craft beers, wines and extensive range of spirits.

  • Food offerings include anti pasta and tapas style cuisines, bar food and share plates that beautifully complement beverage options.

  • Lease term to March 2024.

  • Strong social media base and outstanding feedback from online review platforms.  

  • Extensive promotions have been undertaken to market the venue.

  • Trading 7 days 4pm to midnight, Friday & Saturday til 1pm.

  • Owner has secured best price contracts for F&B costs, leveraging off strong reputation. 

  • Extensive unencumbered equipment list.

  • All systems and processes, licenses, certificates and approvals have been set up by owner who is a renowned pioneer in the small bar movement in Sydney. Bar is fully operational, compliant and expertly set up. Therefore the timely and arduous process of set up is avoided and business risk is minimised.

  • Owner will retain the current name. 

  • Contact broker for financials.


Potential



  • The kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

  • Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events.

  • Potential further review and relaxation of lockout laws in June 2018 by NSW Government may result in extended trading hours being available.

  • Opportunity for savvy marketer to ramp up the promotions and social media platforms to further increase venue profile.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4281832#enquire-now

Annual Rent : $171,000 -
Weekly Rent : $3,288


Annual Turnover : $890,000 -
Weekly Turnover : $17,115


Annual Gross Profit : $660,000 -
Weekly Gross Profit : $12,692


Annual Ebit : Not Disclosed -
Weekly Ebit : Not Disclosed


Premise : Leased


Lease Commencement : Mar 2018


Lease End : Mar 2024


Total Floor Area : 147 Square Metres



Franchise : No


Approximate Stock Value : $16,000


Year Purchased : 2009


Year Established : 2009


Days Trading : 7


Staff :
2 Full Time - 7 Casual


Staff Salaries : $246,000


Reason for Sale : New business venture


Location : Darlinghurst


Business Potential : Boost promotions, menu variation