Popular Cocktail Bar, Castle Hill.

Industry: Food/Hospitality - Alcohol/Liquor | Listed by: ABBA Group
Key Strengths
About this business

Business Headline : Popular Cocktail Bar, Castle Hill.


Price : $89,000


Category : Food/Hospitality, Alcohol/Liquor, Restaurant, Cafe/Coffee Shop


Priced to sell, this is a rare opportunity to acquire a trendy street bar within Sydney’s growing Hills District. The operation is well established and profitable and has been set up by an industry expert. Conveniently located just 100 mtr from Castle Towers, the venue is highly regarded and fast becoming a local favourite.


Key Features include:



  • Modern fit out, beautiful lounges and bar furniture with great mezzanine area. Two levels of underground customer parking.

  • Bar has capacity for 160, offering seasonal cocktails, craft beers, wines and extensive range of spirits.

  • Food offerings include anti pasta and tapas style cuisines, bar food and share plates that beautifully complement beverage options.

  • Lease term to September 2026.

  • Strong social media base and outstanding feedback from online review platforms.  

  • Extensive promotions have been undertaken to market the venue.

  • Trading 7 days 4pm to midnight. 

  • Owner has secured best price contracts for F&B costs, leveraging off strong reputation. 

  • Extensive unencumbered equipment list.

  • All systems and processes, licenses, certificates and approvals have been set up by owner who is a renowned pioneer in the small bar movement in Sydney. Bar is fully operational, compliant and expertly set up. Therefore the timely and arduous process of set up is avoided and business risk is minimised. 

  • Contact broker for financials.


Potential



  • The kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

  • Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events.

  • Opportunity for savvy marketer to ramp up the promotions and social media platforms to further increase venue profile.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4889946#enquire-now

Annual Rent : $166,000 -
Weekly Rent : $3,192


Annual Turnover : $1,226,000 -
Weekly Turnover : $23,577


Annual Gross Profit : $901,000 -
Weekly Gross Profit : $17,327


Annual Ebit : $136,000 -
Weekly Ebit : $2,615


Premise : Leased


Lease Commencement : Nov 2014


Lease End : Sep 2021


Lease Option:
5 years


Current Outgoings pa: $13,800


Total Floor Area : 175 Square Metres



Franchise : No


Approximate Stock Value : $15,000


Year Purchased : 2014


Year Established : 2014


Days Trading : 7


Staff :
2 Full Time - 7 Casual


Staff Salaries : $440,000


Reason for Sale : New business venture


Location : Hills District


Business Potential : Boost promotions, menu variation

print

  • ListingImage
image
Business Name / Ref #:
Contact Advertiser
Location:
CASTLE HILL
NSW
Asking Price:
$89,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
166000
Trading Hours:
Website:
Contact Details:
1300064.....
emailFriend
Embed

Advertiser Details

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

If you are interested in business like this, you should like:

Lobby Style Cafe in busy Sydney CBD prec...

Business Headline : Lobby Style Cafe in busy Sydney CBD precinct, 85kg...

Cafe Restaurant- Bali- Price Reduced

If you have Holidayed in Bali recently, then there is every probabilit...

Function Centre, Restaurant & Cafe GJA

Magnificent setup in prime location near Eastlink. The business opera...

Cafe / Bar Opportunity

Business Opportunity Cafe / Bar T/O $4,500-$5,000 pw Prime Fitzroy Str...

All Comments

Popular Cocktail Bar, Castle Hill. ListingImage
About this business

Business Headline : Popular Cocktail Bar, Castle Hill.


Price : $89,000


Category : Food/Hospitality, Alcohol/Liquor, Restaurant, Cafe/Coffee Shop


Priced to sell, this is a rare opportunity to acquire a trendy street bar within Sydney’s growing Hills District. The operation is well established and profitable and has been set up by an industry expert. Conveniently located just 100 mtr from Castle Towers, the venue is highly regarded and fast becoming a local favourite.


Key Features include:



  • Modern fit out, beautiful lounges and bar furniture with great mezzanine area. Two levels of underground customer parking.

  • Bar has capacity for 160, offering seasonal cocktails, craft beers, wines and extensive range of spirits.

  • Food offerings include anti pasta and tapas style cuisines, bar food and share plates that beautifully complement beverage options.

  • Lease term to September 2026.

  • Strong social media base and outstanding feedback from online review platforms.  

  • Extensive promotions have been undertaken to market the venue.

  • Trading 7 days 4pm to midnight. 

  • Owner has secured best price contracts for F&B costs, leveraging off strong reputation. 

  • Extensive unencumbered equipment list.

  • All systems and processes, licenses, certificates and approvals have been set up by owner who is a renowned pioneer in the small bar movement in Sydney. Bar is fully operational, compliant and expertly set up. Therefore the timely and arduous process of set up is avoided and business risk is minimised. 

  • Contact broker for financials.


Potential



  • The kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

  • Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events.

  • Opportunity for savvy marketer to ramp up the promotions and social media platforms to further increase venue profile.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4889946#enquire-now

Annual Rent : $166,000 -
Weekly Rent : $3,192


Annual Turnover : $1,226,000 -
Weekly Turnover : $23,577


Annual Gross Profit : $901,000 -
Weekly Gross Profit : $17,327


Annual Ebit : $136,000 -
Weekly Ebit : $2,615


Premise : Leased


Lease Commencement : Nov 2014


Lease End : Sep 2021


Lease Option:
5 years


Current Outgoings pa: $13,800


Total Floor Area : 175 Square Metres



Franchise : No


Approximate Stock Value : $15,000


Year Purchased : 2014


Year Established : 2014


Days Trading : 7


Staff :
2 Full Time - 7 Casual


Staff Salaries : $440,000


Reason for Sale : New business venture


Location : Hills District


Business Potential : Boost promotions, menu variation

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:166000

Trading Hours:

Website:

$89,000

Login

New user Signup here

Signup or Login with