An exceptional opportunity to own an award-winning restaurant and bar located in a bustling and vibrant hub. This establishment is renowned for its delicious pizzas, highly praised steaks, ribs, and a variety of other mouth-watering dishes. The restaurant exudes a cosy New York bar vibe, making it a favorite among locals and visitors alike.
Key Highlights:
- Prime Location: Situated in a high foot traffic area within a retail and food hub, surrounded by commercial offices that ensure a vibrant lunch trade and a bustling evening atmosphere.
- Lease Details: The business operates under a 5-year lease with an annual rent of $65,422 plus GST.
- Trading Hours: Open Tuesday to Sunday, catering to both lunch and dinner trades.
- Management: The current owner oversees operations, while a Front of House/Bar Manager and a Head Chef handle day-to-day functions.
- Staffing: The business employs 6 staff members, ensuring smooth operations and excellent customer service.
Potential Expansion Opportunities:
- Enhancing the bar capabilities and expanding the menu could attract more patrons and increase revenue.
Reason for Sale:
The owner, who runs multiple businesses, is seeking to sell this business to benefit from an owner-operator who can fully dedicate their time and expertise.
Support and Training:
A comprehensive two-week training and handover period will be provided to ensure a smooth transition for the new owner.
Industry Trends:
The restaurant industry is seeing a growing trend in delivery services, with platforms like DoorDash and UberEats offering complementary income streams. The restaurant's medium-priced menu could be reviewed and potentially adjusted to align with current market demands.
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