Restaurant – Wine Bar – Under Management

For Sale

·
Sydney CBD

Business Code: G1781

$450,000.00
+ Estimated Stock (SAV) $15000
Key Features: Busy & well established Restaurant & Bar with great reputation. - Great CBD location. - Great fit out. - All the hard work has been done. - Not a penny to spend. - Long Lease.
State: NSW
Suburb: Sydney
Location: One of the best dining & bar locations in the Sydney CBD for lunch & after work entertainment.
Premises: This wine bar & restaurant has an area of 112 sq mts plus a large outdoor seating & mingling area with a bar license.
Price not disclosed

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Owner has family health reasons that she must devote time to.

Sale Reason

2022

Established

CBD parking stations

Parking

1 Manager + 3 full timers + 4 casuals

Employees

6 days - Monday to Saturday: Lunches & dinner

Trading Hours

10 year lease commenced March 2022. - 3% annual Increases. - 3 months bond or bank guarantee

Lease

Italian Restaurant & Wine Bar newly designed in prime CBD location where you can be seated at the marble bar and enjoy an Italian inspired cocktail or craft beer, enjoy a long lunch or dinner, or meet friends at the outdoor tables overlooking the piazza and water feature for after-work drinks and antipasta. The experience is yours for the choosing. Catering for special celebrations or corporate events whether it be business luncheons, birthday celebrations, media events, private dining or semi and full venue events, the specialist team will be on hand to make sure your event is seamless and spectacular. Seating for 115 people.

Features

Busy & well established Restaurant & Bar with great reputation. - Great CBD location. - Great fit out. - All the hard work has been done. - Not a penny to spend. - Long Lease.

Potential

Huge potential for a hands on owner operator to build this business & reduce wages now that the CBD is returning to the pre-covid destination for office lunches and after work entertainment. Potential to open for breakfast Monday to Friday.

Comments

The figures for this business being shown are a weekly average from the 2024 FY Profit & Loss. Serious buyers must be experienced to enable the assignment of the lease.

Weekly Summary

Figures exclude GST

Weekly Takings
$40000
Cost of Goods
$15046
Gross Profit
$24954
Rent
$4000
Wages
$5501
Telephone
$68
Insurance
$400
Electricity
$1200
Misc 1
$1876
Total Expenses
$13295
Estimated Stock
(Additional)
$15000
Net Profit
$11659
Price
$450,000.00
+ Estimated Stock (SAV) $15000

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