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Restaurants For Sale in Glebe Sydney NSW

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Bar - Cafe - Restaurant - Cocktail Bar - Under Management - Bar - Cocktail Bar - Glebe - Takings $18,000 P.w. - Netts $3676 P.w.

Location:Glebe, Sydney, New South Wales

Category:Restaurant

Asking Price:$258,000

258000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Bar - Cafe - Restaurant  - Cocktail Bar -  Under Management  - Bar - Cocktail Bar -  Glebe -  Takings $18,000 P.w. - Netts $3676 P.w.

Business description

Bar - Cafe - Restaurant - Cocktail Bar - Under Management - Inner West - Agent SBX Code Number: SF1553

Bar - Restaurant - Cocktail Bar currently serving Southern style food including tacos, freshly shucked oysters, pulled pork, ribs with chimichurri, southern fried chicken, desserts and other specials - Full state of the art kitchen with a combi oven, cool room and walk in freezer - Fully licensed with a PSA License and selling lots of cocktails as well as wine and beer - 50 seats inside and 20 seats outside - New sound system and new ducted reverse cycle air conditioning throughout - New tap beer system.

Potential
Could open for breakfast and brunch - Could open more hours and on Mondays - Do some advertising and marketing - Suit any cuisine or theme - Could add coffee during the day

Features
Reasonable rent and a long lease - Outdoor seating - PSA Licence - Award-winning interior designer - Lots of pre booked functions and bookings - Excellent reputation.

Premises
Beautiful freestanding building with historic facade bar with outdoor courtyard, a new designer fit out, skylights, hanging plants, dramatic design and periwinkle blue seating and an area of 180m2

Location
Excellent location on a busy main road and a popular dining strip, surrounded by residential, university, commercial and retail in the heart of a suburb in the Inner West

Trading Hours
6 days - Tues. - Wed. - 5 p.m.- 10 p.m. - Thurs. - Fri. - Sat. - 12 p.m.- 12 a.m. - Sun. - 12 p.m.- 10 p.m.

Lease
Current lease expires Aug. 2022 + 3 year option - CPI increases - 3 month bond

Employees
1 Manager + 2 fulltimers + 7 casuals

Comments
Misc.- 1 - Other general expenses + GST. - The fit out alone cost over $350k and everything is less than 12 months old this includes equipment value of over $90,000 - A full equipment list is available and good records after a meeting. - The managers wage of $1,200 p.w. has been removed from wages and shown in profit as for an owner operator - Open since October, 2018. This business is already getting lots of pre booked functions and bookings in advance. Huge cafe potential. Stunning freestanding cottage restaurant and cocktail bar which spills onto an outdoor front terrace for alfresco drinking and dining with a retractable glass roof - One of our best looking opportunities and a must to inspect but please be very discreet.

Figures
Weekly Sales $18000
Rent (ex GST) $1600
Wages $5300
Profit $3676


Agent SBX Code Number: SF1553 - SBX Business Brokers

Other Information

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