Iconic Bar, superb spot Surry Hills. Under Mgt.

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

Business Headline : Iconic Bar, superb spot Surry Hills. Under Mgt.


Price : $249,000


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


This is a rare opportunity to acquire a cool, street bar within Sydney’s premier style and culture hub. Bar has vibrant atmosphere and is regarded as one of the best bars in Sydney.


Run under management, the operation is well established and profitable. The bar been set up by an industry expert. Venue is highly regarded...a local institution.


Small bar licence. Mostly beverage sales.


Key Features:



  • Beautifully appointed, bespoke fitout.

  • Bar has capacity for 100, offering creative cocktails, local craft beer and wines. 

  • Food offerings include authentic Mediterranean pizza and anti pasta cuisine, bar food and share plates that beautifully compliment beverage options. 

  • Trading hours, 4pm to midnight seven days.

  • Generous lease term Nov 25 plus 5 year option.

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

  • Social media elements are in place to ensure a solid platform of success for the new owner.

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

  • 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.

  • Fully equipped kitchen. Furniture and fittings included. 


Potential:



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

  • Build on event hire and functions.

  • Venue could easily be reconfigured and rebranded according to the new owner’s focus.

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


  


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4896158#enquire-now

Annual Rent : $115,000 -
Weekly Rent : $2,212


Annual Turnover : $917,000 -
Weekly Turnover : $17,635


Annual Gross Profit : $681,000 -
Weekly Gross Profit : $13,096


Annual Ebit : $205,000 -
Weekly Ebit : $3,942


Premise : Leased


Lease Commencement : Nov 2018


Lease End : Nov 2025


Lease Option:
5 years


Total Land Area : 145 Square Metres


Total Floor Area : 145 Square Metres



Franchise : No


Approximate Stock Value : $14,500


Year Purchased : 2012


Year Established : 2012


Days Trading : 7


Staff :
3 Full Time - 2 Casual


Staff Salaries : $227,000


Reason for Sale : other interests


Location : Surry Hills


Business Potential : Opportunity for savvy marketer to ramp up the promotions and social media platforms to increase venue profile. Build on event hire and functions. Venue could easily be reconfigured and rebranded according to the new owner’s focus. The functional kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

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  • ListingImage
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Business Name / Ref #:
Contact Advertiser
Location:
Surry Hills
NSW
Asking Price:
$249,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
115000
Trading Hours:
Website:
Contact Details:
1300064.....
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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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Iconic Bar, superb spot Surry Hills. Under Mgt. ListingImage
About this business

Business Headline : Iconic Bar, superb spot Surry Hills. Under Mgt.


Price : $249,000


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


This is a rare opportunity to acquire a cool, street bar within Sydney’s premier style and culture hub. Bar has vibrant atmosphere and is regarded as one of the best bars in Sydney.


Run under management, the operation is well established and profitable. The bar been set up by an industry expert. Venue is highly regarded...a local institution.


Small bar licence. Mostly beverage sales.


Key Features:



  • Beautifully appointed, bespoke fitout.

  • Bar has capacity for 100, offering creative cocktails, local craft beer and wines. 

  • Food offerings include authentic Mediterranean pizza and anti pasta cuisine, bar food and share plates that beautifully compliment beverage options. 

  • Trading hours, 4pm to midnight seven days.

  • Generous lease term Nov 25 plus 5 year option.

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

  • Social media elements are in place to ensure a solid platform of success for the new owner.

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

  • 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.

  • Fully equipped kitchen. Furniture and fittings included. 


Potential:



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

  • Build on event hire and functions.

  • Venue could easily be reconfigured and rebranded according to the new owner’s focus.

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


  


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4896158#enquire-now

Annual Rent : $115,000 -
Weekly Rent : $2,212


Annual Turnover : $917,000 -
Weekly Turnover : $17,635


Annual Gross Profit : $681,000 -
Weekly Gross Profit : $13,096


Annual Ebit : $205,000 -
Weekly Ebit : $3,942


Premise : Leased


Lease Commencement : Nov 2018


Lease End : Nov 2025


Lease Option:
5 years


Total Land Area : 145 Square Metres


Total Floor Area : 145 Square Metres



Franchise : No


Approximate Stock Value : $14,500


Year Purchased : 2012


Year Established : 2012


Days Trading : 7


Staff :
3 Full Time - 2 Casual


Staff Salaries : $227,000


Reason for Sale : other interests


Location : Surry Hills


Business Potential : Opportunity for savvy marketer to ramp up the promotions and social media platforms to increase venue profile. Build on event hire and functions. Venue could easily be reconfigured and rebranded according to the new owner’s focus. The functional kitchen could easily support a variation in the current menu based on owner’s creative ambitions.

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:115000

Trading Hours:

Website:

$249,000

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