Bar Restaurant . Prime beachside location, Dee Why.

Price: $329,000 Location: Northern Beaches, NSW Ref: 4816009
Agent:
Eddie Spurr
Agent Phone:
Office Phone:
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Business Headline :
Bar Restaurant . Prime beachside location, Dee Why.
Price :
$329,000
Category :
Food/Hospitality, Alcohol/Liquor, Restaurant, Cafe/Coffee Shop
Full Description :

This extremely popular bar and food venue on Sydney’s beautiful northern beaches has stunning views overlooking Dee Why Beach.

The bar is bustling and vibrant. The venue includes an excellent private function room overlooking the beach. 

A high level of functions bookings have currently been taken up including numerus Chrstmas events.

The operation has been expertly set up and is now well established and profitable.

The business holds a rare Primary Service Authorisation license – allowing the sale of alcohol without food.

Key Features:

  • Beautifully appointed, bespoke and recent fit-out.
  • Bar has licence capacity for 250 and showcases German, Austrian and Czech beers on tap and plus seasonal cocktails and wines.
  • Menu offerings include traditional meals from Austria, as well as other European specialities.
  • Bar has abundant space covering 450sqm with generous seating capacity both in the restaurant, outside on the strip plus the upstairs function room 
  • Fit-out designed by an F&B industry expert, featuring – fully equipped modern kitchen, walk in cool and freezer rooms, laundry, office, cash room. The allotted beer keg storage at rear runs seamless beer lineage to front and top bars. Product delivery occurs conveniently at back of the restaurant. Car spot available.
  • Strong social media base and outstanding feedback from online review platforms. 
  • Trading hours 7 days. Monday to Saturday 12pm – 11:30pm with Sun & public hols 12pm – 10pm.
  • All design, branding, social media elements are available and in place to ensure a solid platform of success for the new owner.
  • Owner has secured best price contracts for F&B costs, leveraging off their strong reputation. 
  • All systems and processes, licenses, certificates and approvals have been set up by the owner. Bar is fully operational and compliant.
  • Generous 8 years lease remaining (3 Year + 5 Years option). 
  • FY18 Sales = AUD $1.5 Million
  • Accountant prepared financials are available. Contact broker for financials.

Potential:

  • Increase trading capturing increased revenue and profit. Potential for growth can be realised through extended trading hours for breakfast / brunch, which are very popular dining times on Dee Why Beach.
  • The very large kitchen could easily support a variation in the current menu based on owner’s creative ambitions.
  • Grow catering to meet the huge demand from local business. 
  • Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events. 
  • Opportunity for savvy marketer to ramp up site promotions plus increase exposure of the appealing function room.
  • Huge sales potential, may appeal to a growing corporate hospitality group e.g. with expansion plans for multi site operations.
  • There is already Deliveroo, Menulog and Uber eats in place. This channel could be driven further to increase revenue.

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4816009#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4816009#enquire-now

Annual Rent : $292,000 - Weekly Rent : $5,615

Annual Turnover : $1,500,000 - Weekly Turnover : $28,846

Annual Gross Profit : $960,000 - Weekly Gross Profit : $18,462

Annual Ebit : $335,000 - Weekly Ebit : $6,442

Premise : Leased

Lease Commencement : Apr 2017

Lease End : Apr 2022

Lease Option: 5 years

Total Land Area : 450 Square Metres

Total Floor Area : 450 Square Metres

Total No of Parking : 1

Franchise : No

Approximate Stock Value : $20,000

Year Purchased : 2017

Year Established : 2017

Days Trading : 7

Staff : 3 Full Time - 6 Casual

Staff Salaries : $390,000

Additional Notes : The premises is located on Ground Floor and basement, with the basement housing an office and storage area.

Reason for Sale : Family reasons

Location : Dee Why Beach

Business Potential : Increase trading capturing increased revenue and profit. Potential for growth can be realised through extended trading hours for breakfast / brunch, which are very popular dining times on Dee Why Beach. • The very large kitchen could easily support a variation in the current menu based on owner’s creative ambitions. • Grow catering to meet the huge demand from local business. • Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events. • Opportunity for savvy marketer to ramp up site promotions plus increase exposure of the appealing function room. • Huge sales potential, may appeal to a growing corporate hospitality group e.g. with expansion plans for multi site operations. • There is already Deliveroo, Menulog and Uber eats in place. This channel could be driven further to increase revenue.

Parking Comments : 1 car - Owner car spot. Abundant street and council car parking.

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