Darling Harbour/Pyrmont Pub, 16 year Leasehold

Industry: Leisure/Entertainment - Hotel, Leisure/Entertainment - Bars/Nightclubs | Listed by: ABBA Group
Key Strengths
About this business

Business Headline : Darling Harbour/Pyrmont Pub, 16 year Leasehold


Price : $999,999


Category : Leisure/Entertainment, Food/Hospitality, Hotel, Bars/Nightclubs, Alcohol/Liquor


Darling Harbour Pyrmont Pub, Hotel Licence held by Lessee


Available exclusively by the ABBA Group.


Prime Positioned in a Tourist corridor between two of Sydneys prime iconic destinations, Darling Harbour and Star Casino.


-Full Hotel Licence operating past midnight


-Attracting local residents and the business community (Google-, Fairfax Media, Channel 7)+ massive passing tourist trade


-Lease + options until October 2035.-Rare: 2 Businesses in one, Licence owned by  Lessee and can possibly be sold to 3rd Party interest


-Booked out often for major events


-Restaurant inside / out - currently seats 150 / 20 (incl. smokers), although these can be increased.


-Live Music


– large functions catered for


-Cabaret Night (dinner show) every other Sat at 8 pm.


-Ready for new tenant to re-invent and take to next level


-Hotel on this site for 17 of last 19 years


-Over $200,000 in renovations in last 18 months incl. new kitchen equipment


-Holds Poker Machine Licence, requiring entitlements


- ATM and CCTV


UPDATE - ANNOUNCEMENT BY CITY OF SYDNEY...


The City of Sydney has unanimously endorsed a plan to extend 24-hour trading across the inner city, in a bid to reclaim its status as a global city.


New late-night planning controls, proposed in November, will encourage 24-hour trading in inner city neighbourhoods and allow businesses and low-impact food and drink venues to trade up to 2am in local centres.


 The 24-hour hubs will be created at Barangaroo, Green Square and Waterloo. Small bars and restaurants in inner city Surry Hills, Pyrmont and Redfern will have trading hours extended to 2am.


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4875907#enquire-now

Annual Rent : $319,866 -
Weekly Rent : $6,151


Annual Turnover : $2,097,764 -
Weekly Turnover : $40,342


Annual Gross Profit : $1,608,565 -
Weekly Gross Profit : $30,934


Annual Ebit : $308,362 -
Weekly Ebit : $5,930


Premise : Leased


Lease Commencement : Nov 2015


Lease End : Oct 2020


Lease Option:
5 + 5 + 5 years


Current Outgoings pa: $8,620


Total Land Area : 580 Square Metres


Total Floor Area : 400 Square Metres


Total No of Parking : 2



Franchise : No


Approximate Stock Value : $15,000


Year Purchased : 2017


Year Established : 2015


Days Trading : 7


Staff Salaries : $705,714


Reason for Sale : Committed elsewhere


Location : Pyrmont


Business Potential : Lessee owns Licence / Market more actively as function venue / Operate Bottle Shop / Buy entitlements for poker machines

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  • ListingImage
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Business Name / Ref #:
Contact Advertiser
Location:
PYRMONT
NSW
Asking Price:
$999,999
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
319866
Trading Hours:
Website:
Contact Details:
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Advertiser Details

Sales, Mergers & Acquisitions
Location: Level 1, 183 Harris Street
PYRMONT NSW 2009, New South Wales
2009, Australia

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Darling Harbour/Pyrmont Pub, 16 year Leasehold ListingImage
About this business

Business Headline : Darling Harbour/Pyrmont Pub, 16 year Leasehold


Price : $999,999


Category : Leisure/Entertainment, Food/Hospitality, Hotel, Bars/Nightclubs, Alcohol/Liquor


Darling Harbour Pyrmont Pub, Hotel Licence held by Lessee


Available exclusively by the ABBA Group.


Prime Positioned in a Tourist corridor between two of Sydneys prime iconic destinations, Darling Harbour and Star Casino.


-Full Hotel Licence operating past midnight


-Attracting local residents and the business community (Google-, Fairfax Media, Channel 7)+ massive passing tourist trade


-Lease + options until October 2035.-Rare: 2 Businesses in one, Licence owned by  Lessee and can possibly be sold to 3rd Party interest


-Booked out often for major events


-Restaurant inside / out - currently seats 150 / 20 (incl. smokers), although these can be increased.


-Live Music


– large functions catered for


-Cabaret Night (dinner show) every other Sat at 8 pm.


-Ready for new tenant to re-invent and take to next level


-Hotel on this site for 17 of last 19 years


-Over $200,000 in renovations in last 18 months incl. new kitchen equipment


-Holds Poker Machine Licence, requiring entitlements


- ATM and CCTV


UPDATE - ANNOUNCEMENT BY CITY OF SYDNEY...


The City of Sydney has unanimously endorsed a plan to extend 24-hour trading across the inner city, in a bid to reclaim its status as a global city.


New late-night planning controls, proposed in November, will encourage 24-hour trading in inner city neighbourhoods and allow businesses and low-impact food and drink venues to trade up to 2am in local centres.


 The 24-hour hubs will be created at Barangaroo, Green Square and Waterloo. Small bars and restaurants in inner city Surry Hills, Pyrmont and Redfern will have trading hours extended to 2am.


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4875907#enquire-now

Annual Rent : $319,866 -
Weekly Rent : $6,151


Annual Turnover : $2,097,764 -
Weekly Turnover : $40,342


Annual Gross Profit : $1,608,565 -
Weekly Gross Profit : $30,934


Annual Ebit : $308,362 -
Weekly Ebit : $5,930


Premise : Leased


Lease Commencement : Nov 2015


Lease End : Oct 2020


Lease Option:
5 + 5 + 5 years


Current Outgoings pa: $8,620


Total Land Area : 580 Square Metres


Total Floor Area : 400 Square Metres


Total No of Parking : 2



Franchise : No


Approximate Stock Value : $15,000


Year Purchased : 2017


Year Established : 2015


Days Trading : 7


Staff Salaries : $705,714


Reason for Sale : Committed elsewhere


Location : Pyrmont


Business Potential : Lessee owns Licence / Market more actively as function venue / Operate Bottle Shop / Buy entitlements for poker machines

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:319866

Trading Hours:

Website:

$999,999

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