Parramatta Restaurant Bar Club Functions for Sale

I am seeking partner/ or someone who is interested in a outright purchase of my business.

About the Business

The business is a restaurant, bar, club, and functions venue for sale in Parramatta with an entertainment license. It is suitable for parties, celebrations, weddings, corporate events, seminars, and a variety of functions with a great seating capacity of 400 guests and a well-presented and large bar. The premises cover a large area of 500m2 and can get a new lease

Business Details
• Restaurant operating since 2008.
• Single owner running for the last 15 years
• Magnificent landmark venue in the middle of Church street and opposite Light Rail Stop.
• Large area 500m2 with new lease
• Great seating capacity at 370 guests plus dance floor and well-presented and large bar
• Significant growth opportunities with expanding population in the heart of Parramatta
• No competition from any other restaurants in the western suburbs with Brazilian Cuisine
• Kitchen comprises cooktop burners, freezres, cool room etc
• The dining area features a fully equipped licenced bar
• It offers Brazilian cuisine, but it can be changed to any other cuisine.
• Currently used as a restaurant with entertainment
• No other venue with a large seating capacity like this in Parramatta CBD.
• Located on Eat Street, Parramatta main street Location
• Big capacity for large events
• Hotels, Meriton & other apartments and offices in the vicinity

Liquor & Other Licences
• 24 hour OnPremise Liquor Licence
• Late Night Trading
• PSA Primary Services Authorisation
• Extended Trading Authorisation
• Catering Licence
• Theatre & Entertainment licence

Cuisine
• Currently used as restaurant with entertainment & Brazilian Churrasco
• No compettition from any other restaurants in the western suburbs with Brazilian Cuisine
• The restaurant currently only offers the limited Brazilian Banquet menu
• Huge potential to add Ala Carte, Takeaway and Home delivery menus

Price Inclusions
• All equipments, computers, sound system, furniture, full list available
• All licences transferred

Future Plans and Potential / Ideas
• No advertising done, currently underutilized
• Very little social media or email marketing
• Potential to open late till 3am for public
• Currently, DJ and dancing only available for dinner customers
• New Light Rail development
• Lite rail runs in front of the venue
• Massive frontage of windows from the street offering the best view from all sides
• Currently underutilized due to owner's other interests
• Hotels, residential apartments, and offices nearby
• Potential to start home deliveries and takeaway services
• Huge potential to add an Ala Carte Steakhouse menu.
• Open up for lunch trade
• Start catering service for corporates and private parties
• Start mid-week student club nights
• Offer student discounts on food and drinks
• Provide entertainment such as live music, DJs or karaoke
• Expand business hours to accommodate the events

Weekly Sales:
• Home delivery sales: $0. There is huge potential to start this service.
• Private functions/weddings: $0. These are not being done frequently.
• Catering: $0. Many people ask about this service.
• Ala carte menu: $0. Many walk-in customers inquire about this menu.
• Night club: $0. Can be started with Entry Fee at the door
• Dinner Banquet Sales: $16,000 to $20,000
• Xmas party sales: $50,000 to $60,000 weekly during November and December.

This business presents a fantastic opportunity for a passionate owner operator to take it to the next level.

I am offering full support for 1 month during the transitional period after the sale, including showing you the ropes and continuing to help out even after the sale of the business.

Rent Details:
• Weekly rent: $3,300 including GST
• Plus Outgoings for water, garbage, cleaning
• Rent is considered very cheap for the Parramatta area, especially for the 500 sq meter space

I am looking forward to hearing from potential buyers who are passionate about owning and operating a successful restaurant