Cafe -Restaurant - Bar - Under Management
Business Code: SM1522
$900,000
Enquire now+ Estimated Stock (SAV) $40,000
Stock image for illustration only. Real photos are available after you register as a buyer.
Key Features: Restaurant - Bar - Cafe - Under Management - City Fringe
State: NSW
Suburb: Zetland
Location: Situated in City Fringe street front of busy shopping centre with more than 5000 apartments in the area and a lot of new developments under construction around the shop.
Premises: Business has 250 sqm with top fit out. 26 meter wide of shop front and high ceilings.
Business Overview
Fully licensed bar / restaurant selling beer, wine and fusion foods with 250 sq.mts. inside with 150 seats plus 72 seat outdoor setting. The business has an excellent setup with good lighting, sound-proof sound system, full functional air-conditioning and heating.
Health reasons.
Sale Reason
2014
Established
Shopping centre 2 hours free parking with free parking after 6 p.m and 4 hours free street parking.
Parking
6 full timers + 3 part timers + 8 casuals.
Employees
7 days. - Monday to Saturday: 11:30 am till late. Sunday: 11:30 am to 10 pm.
Trading Hours
Current lease expires 27th May 2027 - New 5 year lease is available for approved purchaser. - 5% annual increases. - 3 months Bank guarantee.
Lease
Features
- Under full management
- Fully licensed with 11 taps installed
- The business regularly holds corporate meetings, after-office drinks and large group meetings.
Potential
This business has an opportunity to open for breakfast and add coffee for which there is a strong demand.
Comments
Misc.-1 - $144 software and IT support fee etc. - Misc.-2.- $800 Live Music DJ payment. - Under fully management. Vendor does paper work only. - Don't miss out. Call your broker for an inspection. Staff are not aware. Inspections only through your SBX Broker. - The weekly takings of $55,000 p.w. is true turnover and without GST.
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