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Dual Hospitality Business - World Class Restaurant Precinct For Sale

Penrith, New South Wales, Australia
Asking Price:
$1,100,000 (AUD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Rarely do hospitality businesses of this calibre (and nature!) come on the market.

This is modern-day hospitality at its finest; and a business with two (individually well-defined) guises perfectly designed to adapt to present times:

1) Chic Wine Bar / Restaurant Serving tapas, seafood, steaks etc; with live music and a wide selection of beer, wine, cocktails, and spirits.

2) Trendy Takeaway Serving delectable, fresh seafood and burgers.

What's more BOTH businesses share ONE kitchen, so efficiency and profitability are maximised.

The business is an integral part of a World Class restaurant precinct located in Sydney's West, which is a favourite destination of locals and visitors seeking good food, drink, and lifestyle. And the location is quite special too, boasting great views across the river and parklands.

As a hospitality business investment this is about as low risk as it gets.

Venue highlights:
Under Semi Management
World Class Restaurant Precinct (280 car parks)
Generous Al-Fresco Dining Area

Venue strengths:
Current Revenue $60,000 per week
ROI Long Lease Term Secured
Two Venues with ONE Kitchen

Lease and rent:
Commencement Date: 1 March 2020
Term: Ten (10) years
Gross Area: 290 sqm (Indoor and Outdoor)
Option to Renew: Two further periods of Five (5) years each
Weekly Rental: $3,060 plus outgoings plus GST

Impeccably curated and fully systemised turnkey business.

Trading: lunches and dinners everyday

Venue potential:
* Massive upside for hands-on owner operators
* Huge social following - extensive customer base
* Increase trading hours
* Offer breakfast menu

Experienced operator sought-after

Call Barn to discuss

Property Information

Real Estate:

Lease

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