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Cafe And Coffee Shop in Sydney NSW

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Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west

Location:Sydney, New South Wales

Category:Cafe and Coffee Shop, Restaurant, Takeaway Food

Asking Price:$149,000 + SAV

120000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west
  • Fully-licensed Bar & Restaurant In The Heart Of Sydney's Inner-west

Business description

An opportunity exists to acquire a fully licensed bar in the heart of Sydney's most vibrant suburb, Newtown.



Location details

Located on King Street in Newtown, the venue is in the heart of Sydney’s most eclectic and interesting suburb, with good foot traffic and excellent street frontage and visibility. 

Potential

This is a fantastic opportunity for a potential buyer to pick up a real bargain and turn their dreams into a reality by running their own bar in Sydney’s most dynamic and energetic neighbourhood. The current owners have done all the hard work with an atmospheric, high quality, recently updated fit-out, providing a funky, relaxed, cosy venue with a comprehensive vegan-friendly menu and broad range of drinks, including cocktails on offer. 

Skills

This vibrant, diverse suburb is home to many shops, bars, cafes and restaurants, always buzzing with atmosphere. This is a business that is currently being run with an owner working full- time in the business. The central Newtown location provides ample opportunities for growth through longer trading hours, takeaway food options and more. The business has been under its current ownership for almost 2 years.

Hours

Mon Closed

Tues – Fri 4pm – 12am

Sat 12pm – 12am

Sun 12pm – 10pm

Lease

The current lease expires this year, which will allow the new owners to negotiate a new lease term. 

Employees

1 x Owner – fully involved, works full-time as the Manager

2 x Part Time Chefs

3 x Casual Front of House staff

About the business:

The business was established in 2017 and consistently receives outstanding customer reviews for its innovative vegan-friendly food and vibrant atmosphere.



Key facts about this business:



- Funky Newtown terrace that mixes industrial décor with warm woods and mood lighting

- Seating for approx 75+

- Insider seating, as well as covered courtyard

- Innovative vegan/vegetarian-friendly menu

- On-premises liquor licence

- Full bar with beers, wines, spirits and cocktails on offer

- Located on a busy main thoroughfare with excellent passing foot traffic

- Potential to significantly expand the food offering across longer day trading

- Runs easily with a small team of staff and an involved owner

- Owner happy to provide all training and a full handover

- Good strong social media following, and excellent customer ratings and reviews

- Revenue levels for the business (and hence profits to the owners) may be significantly higher now, than for FY2019 and buyers are encouraged to undertake a 1-2 week trial, working in the business, to see this first-hand.

For more information on this opportunity, please contact the undersigned:

Paul Smith

Business Sales Specialist

M: [Phone Number Censored] T: [Phone Number Censored] E: [Email Censored]

For more details go to [Web Link Censored] and complete our online confidentiality agreement. Use the reference ID [Phone Number Censored] to search for the business.

Disclaimer: 

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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