In just over four years of operation this Lower North Shore Restaurant and Wine bar has become the place in Sydney where the Chefs from other establishments all want to eat!
Turnover Week ending 16/02/2020 $42,000 – Record for a week outside of Christmas period.
An outstanding reputation in the Industry means that we have such a wonderful opportunity for a chef perhaps or a chef and partner to acquire an established business with a superb fit out at actually a give away price.
Located among the heart of Restaurants and cafes in Crows Nest with wonderful outside seating area so very popular for patrons on these balmy nights!
Dining out should be an experience and at this restaurant it certainly is just that and more!
The menu is a mixture of snack style dishes for sharing, moving into entres` and mains. The menu is not over crowded but has an adequate selection of delicious choices.
Over $400,000 spent on fit out equipment and improvements. Well appointed separate male and female toilets.
Several different levels of dining pleasure with an upstairs more intimate section , an area around the busy bar, as well as outside courtyard style seating.
Sale Price $250,000 plus stock. Negotiable.
- 2019 Sales $1,300,000 or $25,000 per week net after GST!
- Long lease with 10 years remaining.
- Liquor License: The premises includes a valuable and sought after PSA Liquor license allowing it to serve alcohol without food.
- Staff consist of 5 full timers and 6 casuals.
- Opens 6 nights and just 1 lunch. Trading allowed to 12 pm. Closed Sundays.
- The Premises have a total seating capacity of 60 inside and 20 outside.
- Approximately 55% of sales relate to Food with strong margins.
- Future local development in the area all point towards increasing foot traffic in the future
- A more hands on operator would be able to trim wages and improve cost of goods.
For more information contact Peter Golding / Roy Levy [email protected]
- Current Status: Listed for Sale
- Code: PG 326
- Category: Food
- Type: Restaurant Wine bar
- Location: Crows Nest
- Sales: $25,000
- Period: Week
- Net Profit: On Application
- Rent: $2,758
- Stock: $27,000
- Price: $250,000
- Long Financials: 2017-2018-2019
- Staff: Manager plus 10
- Lease: Ten years