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Cocktail Bar And Restaurant On Sydney's Northern Beaches For Sale

North Sydney, New South Wales, Australia
Asking Price:
$1,150,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Key features of this opportunity:
Turnover $2.4 million (approx.)

Profit $400k (approx.)

130+ seats with large outdoor dining/drinking area

8+ years lease (minimal)

$3,000 weekly rent.

$300k re-fit just completed.

Unique fully equipped live music atmosphere as part of the bar

Well-established over 20 years and well-known bar and restaurant.
* Welcoming premises with quality fit-out and recent upgrades and a seating for approx. 130+ patrons across internal and external areas.
* Licenced footpath seating for 48 at the front of the venue. Large bi-fold doors lead into a spacious restaurant with full bar and covered courtyard area.
* Casual dining menu with broad appeal to cater to breakfast / lunch / dinner and families.
* Lease with 3 years left to run, plus 1 x 5-year option (opportunity to get a further option)
* On-premises licence with much sought-after Primary Service Authorisation (allowing the sale of liquor without food) with excellent selection of beers, wines, spirits and cocktail menu.
* Strong revenue and run under management.
* Well-equipped, nothing to spend (just undergone major internal renovation in late 2020 - $300k+)

Listing ID: NSW09725

Broker: Paul Helliwell

Phone: ---- --- ---

Email: [email protected]

To complete an online confidentiality agreement, visit this business and enquire now at: https://------------.---.--/businesses-for-sale/ca/nsw09725

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09725
Timestamp: --------------

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