This is a fantastic opportunity for either a first time business owner, or for an experienced operator looking to expand to takeover this vibrant South Coast Tapas/Bar/Restaurant and start trading straight away.
This owner of this exciting venue has done all of the hard work for the new owner getting everything set up, operating smoothly and successfully. A new owner can take advantage of all of the hard work that has been done and start trading instantly.
This groovy and exciting venue, currently only operates just four short days a week (Approx. 24 hours) but holds a 7-day liquor license allowing operation from breakfast until midnight.
The venue features:
– An indoor cocktail bar
– Beer taps
– A function room
– A large beer garden
– An outdoor cinema
– Multiple areas for diverse experiences
The business is super easy to operate and is only open Wednesday to Saturday evening and during the day on Sunday. This allows for some of the lowest operating costs you are likely to see, and clearly demonstrates just how easy this place is to operate. Very low rent and wages are two of the key costing features.
The food menu is sumptuous and really easy to prepare. A small crew of casual staff provides warm and friendly coastal service, serving up a range of delightful cocktails, beer, wine and spirits. The mix of alcohol sales provides the business with strong margins.
With great staff, low operational costs, and significant potential for growth, this establishment is poised for someone to take full advantage of its opportunities. This place already ticks a lot of the boxes and there are loads more opportunities to explore.
Lease Details
The 3 x 3 x 3-year lease commenced in November 2022. – CPI. increases – A Six-week bond is required.
Premises Details
Approx. 90 square metres. – Bar, kitchen and storage area, indoor seating, plenty of outdoor seating, and a private function room
Staff Details
The business is currently operated by the owner(when needed) and four casual staff
Opening Hours
Wednesday & Thursday from 5pm, Friday & Saturday from 4pm and Sunday 8am – 4pm
Opportunity
There is an awesome opportunity for the new owner to enjoy the lifestyle and income that such an easy place will provide as it already is, or there are also loads of opportunities to ramp things up and take the place to the next level. A motivated owner could make this a full-time opportunity by extending the opening hours and menu. The venue also has a takeaway Liquor License that is not currently being utilised, you could also promote it for events and functions. Option to include weekend coffee and breakfast service.
** Weekly**
Coffee Sales N/A
Sales $10,000
Rent $520
Wages $2,436
Net Profit $1,612
