Reference No: PG 326

Bars, Pubs and Clubs
Crows Nest NSW
Price: P.O.A. O.N.O. question mark popup button

Restaurant and Wine bar For Sale

In just over four years of operation this Lower North Shore Restaurant and Wine bar has become the place in Sydney where the Chefs from other establishments all want to eat!

An outstanding reputation in the Industry means that we have such a wonderful opportunity for a chef perhaps or a chef and partner to acquire an established business with a superb fit out at actually a give away price.

Over $400,000 spent on fit out equipment and improvements.

2019 Sales $1,300,000 or $25,000 per week net after GST!

Sales price Guide around $200,000 plus stock.

COVID UPDATE

During this time they have been open for dinner doing 2 services for 10 pax 6 days Mon to Sat and Fri and Sat lunches 2 services each day 12:00-2:30 and 2:30 to 5:00. Turnover is improving with some strong weeks given the number of seating. Sales have been achieved around $30K  which is a solid week for May in any year to date!

This excellent restaurant  also offers at these times Produce Boxes, with partially prepared meals and instructions to finish the meal off at home.

They will move to 24 pax per sitting soon and monitor this to see how that goes.

Overall they are getting a good response and people are wanting to come out and spend!

UNDER FULL MANAGEMENT.
Long lease with 10 years remaining.
Liquor License: The premises includes a valuable and sought after PSA Liquor license allowing it to serve alcohol without food.
Staff consist of 5 full timers and 6 casuals.
Opens 6 nights and just 1 lunch. Trading allowed to 12 pm. Closed Sundays.
The Premises have a total seating capacity of 60 inside and 20 outside.
Approximately 55% of sales relate to Food with strong margins.
Future local development in the area all point towards increasing foot traffic in the future
A more hands on operator would be able to trim wages and improve cost of goods.

For more information contact Peter Golding / Roy Levy (click to show email)

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Price: P.O.A. O.N.O.
Core Business Brokers
Address:
1A Level 2 802 Pacific Highway
Gordon, NSW, 2072

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Contact: Peter Golding
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