Cocktail Bar Opportunity, Darlinghurst.

Price: $89,000 Location: Eastern Suburbs, NSW Ref: 4934920
Agent:
Eddie Spurr
Agent Phone:
Office Phone:
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Business Headline :
Cocktail Bar Opportunity, Darlinghurst.
Price :
$89,000
Category :
Food/Hospitality, Alcohol/Liquor, Restaurant, Cafe/Coffee Shop
Full Description :

This is a rare opportunity to acquire a cool, intimate bar space within Sydney’s style and culture hub. The business is currently trading as a cafe / restaurant / bar.

Take advantage of the General Bar Licence and low rent to re-define the creative solution for this prime location.

This offer will likely be snapped up soon.

Key Features include:

  • Relaxed fit out, lounges with communal, industrial and recycled elements.
  • Bar has licenced capacity for 90 with seating for 36.
  • Beverage offerings currently include craft beers, wines and extensive range of spirits.
  • Food offerings are currently cooked Mod Aus & Asian from the full kitchen but could include anti pasta and tapas style cuisines, bar food and share plates that beautifully complement beverage options.
  • Lease term to Oct 2027 (3 x 3 x 3)
  • Rent low @ appprox $1,000 per week exc GST.
  • Strong social media base and outstanding feedback from online review platforms.  
  • Extensive promotions have been undertaken to market the venue.
  • Trading 6 days 9am to midnight. 
  • Contact broker for financials.

Potential

  • The kitchen could easily support a variation in the current menu based on owner’s creative ambitions.
  • 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 the promotions and social media platforms to increase venue profile.
  • Vary trade to suit based on DA 7am to midnight. Sunday licence to 10pm.
  • Capture breakfast or taper back to bar hours eg 4pm-12pm.

 

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4934920#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4934920#enquire-now

Annual Rent : $53,858 - Weekly Rent : $1,036

Annual Turnover : Not Disclosed - Weekly Turnover : Not Disclosed

Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed

Annual Ebit : Not Disclosed - Weekly Ebit : Not Disclosed

Premise : Leased

Lease Commencement : Oct 2018

Lease End : Mar 2021

Lease Option: 3 + 3 years

Total Land Area : 55 Square Metres

Total Floor Area : 55 Square Metres

Franchise : No

Approximate Stock Value : $0

Year Purchased : 2010

Year Established : 2009

Days Trading : 6

Staff : - 2 Casual

Staff Salaries : $50,000

Reason for Sale : New business venture

Location : Darlinghurst

Business Potential : Boost promotions, menu variation, hours of trade variation

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