Locals favourite with revenue growth year on year with a well know established team.
A well-established cocktail bar and restaurant that generated over $150k in profits for FY 2023. With revenue growth year on year. This turnkey opportunity offers a welcoming interior with booth seating, a long bar, and outdoor seating, ensuring a cosy and inviting atmosphere for patrons.
-Location: Prime position in Lane Cove, a highly desirable area with minimal competition.
-Lease: Strong lease agreement with a supportive landlord, featuring a low rental percentage, minimal rental reviews, and a favourable term remaining.
-Facilities: Spacious and well-equipped kitchen with a walk-in cool room.
-Capacity: Seating for over 90 guests, both indoors and outdoors.
-Parking: Secure parking space for convenience.
-Reputation: Boasting a 4.8-star Google rating and over 1,300 Facebook likes, this business enjoys strong customer loyalty.
-Trading Hours: midnight liquor license.
Business Potential:
This flourishing business presents an excellent opportunity for a new owner seeking work/life balance or looking to expand their portfolio. By leveraging the established brand, increasing function bookings, enhancing community marketing, and maximizing the late-night liquor license, revenue can be significantly boosted.
Even if rebranding is considered, the prime location ensures the potential to attract patrons and host various events, providing flexibility for new owners to implement their vision.
Ideal Buyer:
This opportunity is perfect for an owner/operator dedicating full-time hours as a manager or head chef, or for a larger restaurant group seeking to incorporate a distinctive and established venue into their portfolio.
This Listing presents a rare opportunity to acquire a thriving business in a sought-after location with a strong foundation and significant growth potential. Don’t miss out on this exceptional offering.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Lease Details:
5 x 5 x 5 Commenced June 2017
2.5% annual rent increases
A Three month bond is required.
Premises Details:
Approx. 100 square metres with indoor and outdoor seating for 100 guests.
Toilets, Full commercial kitchen and Walk in cool room.
Staff Details:
The business is currently run by an Owner, full time manager and head chef and casuals.
Opening Hours:
Tues-Thurs From 5pm
Fri-Sat Lunch From 2pm / Dinner from 5pm
Sun 2pm-8pm
Mon Closed
Opportunity:
This opportunity is perfect for an owner/operator dedicating full-time hours as a manager or head chef, or for a larger restaurant group looking to incorporate a distinctive and established venue into their portfolio.
**Weekly**
Sales $23,700
Rent $1,982
Wages $7,800
Net Profit $3,032
