Are you looking for a well-known and established bar restaurant with a strong brand in an unbeatable location? Only moments to the beach with huge foot traffic and on one of the Eastern Suburbs’ best foodie streets, this mainstay of the hospitality scene has been around for more than a decade.
Being located close to the beach this business would suit a hospitality professional who is looking for their next opportunity. With a settled and skilled team, the business is suitable for both investors and owner operators.
The full kitchen serves up a contemporary menu and is supported by the high-end cocktails and drinks. The introduction of a breakfast menu would drive immediate revenue growth.
Some of the highlights are:
• Approx $40k per week turnover
• Strong kitchen and FOH teams
• Flexible menu and high-end cocktails
• Well known 200sqm restaurant in an iconic setting
• Huge foot traffic and a mainstay with locals and tourists
• Growth potential through extension of trading hours to all day dining
Call Paul to find out more and to request an Information Memorandum.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Lease Details
The 5 x 5 year lease commenced in December 2021. 4% increases and a three-month bond is required
Premises Details
Approx. 200 square metres. – Toilets, Full commercial kitchen and storeroom. Outdoor seating area
Staff Details
The business is currently run with a FOH manager/Owner, head chef and ten casuals
Opening Hours
5 days – Wednesday to Friday from 5.00pm and from midday on Saturdays and Saturdays till late
Opportunity
Extend the trading hours to create an all-day bar and restaurant in this iconic location.
**Weekly**
Sales $44,000 (inc GST)
Rent $4,690 (inc GST)
Net Profit $282,000 approx. per annum
