Food and Hospitality
Sydney Olympic Park NSW

Price: $125,000 O.N.O. question mark popup button

Olympic Park Bar and Restaurant For Sale

Located in the heart of Sydney Olympic Park, a bar and restaurant located in an event prcint and business park, event night revenue ranges from $3,000 to $11,000 per night.

An opportunity to purchase a fully licenced small bar in the heart of Sydney's premier event district. This is a tightly held area and premises rarely become available. Busy location in the Commonwealth Bank building only 50 meters away from the train station, 200 meters to Quudos Bank Arena, Sydney Showgrounds and ANZ Stadium. Long term, the metro station will be 50 meters away from the shop.

The business currently operates as a Cocktail Bar trading under a small bar licence with capacity for 85 people up to 1am. Small bar allows up to 120 people.

Currently open for dinner only. Opportunity to expand into lunch, weekends, increase the food offering and/or coffee and desserts. Uber Eats and other delivery services for the thousands of nearby apartments. Further opportunity to expand from an event based business to regular trade from growing surrounding suburbs.

Other highlights include:

- Prime location in the heart of Olympic Park
- Good hours and fully flexible at your discretion
- 200k fit out
- 5th year of operation
- 105sqm indoor with approved outdoor seating area
- Large bar area and preparation kitchen (does not require a chef)
- Lease to June 2024
- Currently operating Tuesday-Saturday from 4pm
- Licenced to trade until 1 am
- Competitive rent which includes maintenance of bathroom facilities and garbage disposal
- Staff: 1 owner/operator, 2 permanent casuals and event casuals. Most nights can be run with 2 capable people, with casuals on call for event nights

This business would suit an experienced operator looking to capitalise on huge potential upside in a rapidly growing area.

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Price: $125,000 O.N.O.
Client No: W1952144792
Seller prefers initial contact via email
    Private sale, no contact by agents or marketers please.

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