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Manly - 2 Street Frontage Bar & Restaurant For Sale

Manly, New South Wales, Australia
Asking Price:
$150,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$50K - $100K (AUD)

• This restaurant and bar has the most sophisticated back laneway bar concept.
• This is a new restaurant – completely renovated and reimagined. The front restaurant is eclectic serving a variety of delicious International street foods. The back bar is gorgeous, sexy and intimate.
• This is a uncomplicated but adventurous cooking that is waiting for a new operator to take this global.
• This is a quality food offering – with quality produce. There are Vegan Options with products sourced from a nationally recognised manufacturer.
• Strong Brand and Packaging
• Intelligently fitted out kitchen and service counter with plenty of storage and cool room space.
• Currently Trading: 6 nights a week – plus Saturday and Sunday lunch. Closed Monday.
• There is an experienced team – front and service staff – in place. This does not require expensive cooking staff to operate.
• Current owner does not work in the business – it is currently operated under management only.
• Potential to cater to internal and external events.

Asking Price: $150,000 plus Stock at Valuation.

For more information contact: Michael Fischer

Property Information

Real Estate:

Lease

Lease Terms:

Till 31st May 2023 with 2 x 5 year options – possibly till 31st May 2033

Leasehold Rent:

$190,000 (AUD) per annum

Location:

turn right from Sydney Road into Belgrave Street. Located less than 2 blocks from The Manly Ferry Terminal – this 2 street fronted Restaurant and Bar operation – is strategically located in front of the massive Whistler Street Public Car Park

Premises Details:

. Industrial style is splashed with vibrant pops of colour from some of the country’s most well-known street artists, resulting in a contemporary aesthetic that’s both relaxing and chic. Relax in one of the comfy plush booths and enjoy a cocktail as you wait on your meals.

Size in square feet:
190 sqm

Business Operation

Expansion Potential:

This is a template for many similar styles of this restaurant concept.

Competition / Market:

Manly is an eating and drinking destination. This has a strategic advantage because of its great location and easy parking.

Reasons for selling:

The owner of this business – has created a template from which a future innovative dining experience could grow into a multi venture eating experience. The first PEANUT BUTTER JELLY was opened in Manly 3 years ago.
Operating one business is difficult enough for a young family – and with 2 it has become increasingly difficult. Now is the time to concentrate on what is important in life – and that is working on the family and not in the restaurant business.

Trading hours:

6 days and Friday and Saturday lunch. Closed Monday

Employees:
10 in total
Years established:
3

Other Information

Support & training:

Yes

Furniture / Fixtures value:
$650,000 (AUD) - included in the asking price
Inventory / Stock value:
$15,000 (AUD)
Related Documents:
Relocatable:
This business can be relocated.

Contact Michael Fischer & Associates

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