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Bars & Nightclubs business for sale in Newtown

  • Bars & Nightclubs
  • Newtown NSW 2042
  • $75,000 (GST na)

G1658 - Business For Sale - Bars Nightclubs 100 seater - Newtown - Sales $20000 pw - Long lease - Profit $3000 p.w

Cafe - Restaurant - Bar - Functions - Sydney City Fringe
SBX Business Code: G1658
Restaurant & Bar serving Middle Eastern & Mediterranean cuisine in a versatile space designed for shared dining as well as a great marble bar for meeting friends for cocktails or other drinks. - Functions in the luxe private dining room. - Seating inside for approx 80.Not being sold on figures .

Potential
A DA is in place for seating for 20 on the footpath. - Potential to open for Breakfast. - Could also open on Mondays. - Could expand on catering and home deliveries. - Could suit cafe buyers.

Features
Excellent Venue. - Excellent Location. - Good size venue for this location. - Great for functions. - Top quality fit out. - Long secure lease. - Well established & still growing.

Premises
This bar & restaurant has an area of 150 sq mts including a great mezanine area for functions and a very nice terrace.

Location
Excellent location in City Fringe in the heart of a trendy & busy shopping, dining & bar destination.

Trading Hours
6 days - Tues. - Sat. - 11 a.m. - 11 p.m. and Sun. - 11 a.m. - 10 p.m.

Lease
5 year + 5 year lease commenced July 2016. - 3 months bond. - 4% annual C.P.I. increases.

Employees
1 owner + 3 fulltimers + 10 casuals as required.

Comments
Miscellaneous 1 = other expenses. - Not being sold on figures.
Figures
Weekly Sales $20000
Rent (ex GST) $2599
Wages $3000
Profit $3000

SBX Business Code: G1658

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2013923235
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Category
Last updated  9 May 2019
Map for Newtown NSW 2042
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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