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Surry Hills Taylor Square French Bistro For Sale

Surry Hills, New South Wales, Australia
Asking Price:
$180,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$100K - $250K (AUD)

Surry Hills – is a very interesting and diverse suburb and close to Sydney CBD. Bistro enjoys a prominent location on Bourke Street – almost in the middle of Taylor Square. It is within one hundred metres of Oxford Street and very close to Campbell Street – with direct access to Wentworth Avenue and on to central Railway. It is in close proximity to the very busy Darlinghurst Court House – and within a few minutes’ walk of St. Vincent’s Hospital. There is considerable commercial activity surrounding this location as well as High Rise apartment dwellings as well. This location needs a readily acceptable quality restaurant – amidst all other averages eating establishments – and LoLuk Bistro obviously satisfies much of the required criteria.

Key Features:
• Has been recognised by many journals as being one of the best French Restaurants in Sydney.
• Enjoys a visible location on Bourke Street – close to Taylor Square and in a popular residential, commercial and legal precinct
• Established 2017 but this location has been home to quality French Restaurants since the late 1990’s.
• There is sufficient street parking near to the restaurants plus the 3 level car park adjacent to the St. Margaret’s Complex just down Bourke Street.
• This is a VERY profitable business which operates with a minimum of staff.
• Current Trading hours: Lunch: Friday & Saturday
Dinner: Tuesday to Saturday
Closed: Sunday and Monday
• This is a significant close to the city French Restaurant – of which there is a diminishing shortage in our International City.

Property Information

Real Estate:

Lease

Lease Terms:

22nd November 2024

Leasehold Rent:

$92,000 (AUD) per annum

Location:

located at 411 Bourke Street SURRY HILLS. This is the Western side of the street and about 100 metres from the legendary Taylor Square and from the historic Rainbow Street Crossing – created and maintained for the Gay Mardi Gras. The Beresford Hotel is only a block away from this site. This is a busy pedestrian walking area – and not that it needs additional accentuation – but this is in the heart of LBGTQ community.

Premises Details:

Surry Hills – is a very interesting and diverse suburb and close to Sydney CBD – with a bi-polar existence. LoLuk Bistro enjoys a prominent location on Bourke Street – almost in the middle of Taylor Square. It is within one hundred metres of Oxford Street and very close to Campbell Street – with direct access to Wentworth Avenue and on to central Railway. It is in close proximity to the very busy Darlinghurst Court House – and within a few minutes’ walk of St. Vincent’s Hospital. There is considerable commercial activity surrounding this location as well as High Rise apartment dwellings as well. This location needs a readily acceptable quality restaurant – amidst all other averages eating establishments – and LoLuk Bistro obviously satisfies much of the required criteria.

Business Operation

Reasons for selling:

The owner wishes to go back to family in France

Trading hours:

Lunch: Friday & Saturday
Dinner: Tuesday to Saturday
Closed: Sunday and Monday

Employees:
1 Full time chef + 1 Full time Cook + 2 casual Kitchen hands Front of House: Operates with 3 Casual wait staff
Years established:
Since 2017

Contact Michael Fischer & Associates

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