Prominently located on Enmore Road, NSW's first Special Entertainment Precinct, and adjacent to the Enmore Theatre, this casual yet upmarket restaurant is available for sale for the first time!
This is a well-positioned business in Newtown with a 4.2-meter street frontage and parking at the doorstep. Not many opportunities like these come to market regularly. Although the owner is involved in the day-to-day operation of the business, it is set up to be run under management as the current owner frequently steps away from the business; all the processes and procedures are in place for an easy transition to being fully under management.
The location has significant passing trade being on Enmore Road, as well as a constant stream of local residents and Enmore Theatre patrons. Located on the Enmore Road Special Entertainment Precinct,.
The restaurant serves a unique offering of fusion cuisine. Fully licensed, it boasts an impressive turnover of $22.5k per week with an average spend of $80 pax. Open 5 nights a week only for a total of 21 operational hours per week! Training is available.
The lease has 4.5 years remaining, including the option, and the total rent is approximately $1,950 plus GST per week. A further option is possible for the new owner upon application.
The opportunity here is to capitalise on the current constant sales, the location and the existing customer base. Opportunity for further day or night operation as well. Possibility of expanding seating capacity to upstairs area. Training is available!
Lease Details
The 4-year lease commenced February 1, 2021
With the Option, the lease expires on January 31, 2029
A $31,000 bank guarantee is required
Guarantors are required for the lease
Premises Details
Approx. 145m2 full commercial kitchen, fully licensed, with storage rooms upstairs (no residential). Indoor seating for 50. Outdoor/Footpath seating area for 8 (STCA). Well equipped and presented, with renovations completed recently.
Staff Details
The business is run by the following:
1 full-time owner
1 x Full-Time Sous Chef
1 full-time chef
1 x Part-Time Chef
1 x Part Time Kitchen Hand/Cook
1 full-time FOH Supervisor
1 x Part-Time FOH
2 part-time waiters
1 x Part-Time Allrounder
1 x Part-Time Bartender
The total operational hours are currently 21 per week
Opening Hours
5 nights (Closed Monday–Tuesday)
Wed, Thus, Sun 5:00 pm to 9:00 pm
Fri, Sat, 5:00 to 9:30
Total of 21 operational hours per week
Opportunity
The opportunity here is to capitalise on the current constant sales, the location and the existing customer base. Opportunity for further day or night operation as well. Possibility of expanding seating capacity to upstairs area. Training is available!
**Weekly**
Sales $22,413
Rent $1,898
Wages: $6,196 (excluding owner)
Net Profit: $3,686
