This successful Bar Restaurant has been operating since 2008 with limited if any competition in the area.
If you have ever dreamed of owning and operating a Bar / Restaurant and in a good area then this opportunity deserves your attention.
Currently trading Under Management. The owner does mostly marketing, staff coaching and does NOT work in the business.
Profit under management $140,000.
Liquor License: The premises includes a valuable and sought after PSA Liquor license allowing it to serve alcohol without food.
The Premises have a total capacity of 80 inside and 20-40 outside.
The business model is a unique concept that comprises of a smart casual meeting place to enjoy wine and sharing food. It has proven over the years to be a winning formula. This little gem is regularly patronized by the 21-35 age groups as well as couples, local corporate`s and families. it is undoubtedly a perfect location for large groups celebrating special occasions.
More than 80% of beverage sales are Wine which can be explained by the higher proportion of female customers to males in the establishment daily.
The menu is simplistic comprising of mostly SHARING plates.
Long Lease available. Sensible hours of operation most days 5 pm until 10 pm. Friday to Sunday 12 noon to 11 pm.
Large quality equipment list available with 2-3 items on lease and negotiable with a new buyer.
- Current Status: Listed for Sale
- Code: PG 320
- Category: Food
- Type: Bar / Restaurant
- Location: Neutral Bay
- Sales: $1,439,604
- Period: Annual
- Net Profit: $140,000
- Rent: $151,567
- Stock: $11,500
- Price: $275,000
- Long Financials: 2017,2018,2019
- Staff: Fully Staffed UNDER MANAGEMENT
- Lease: 8 years.